EU to soften roll out of bond trading rules

摘要

Stricter European Union rules for corporate bond markets will be phased in gradually to ensure they don't threaten funding for the economy, a senior EU official said last week. The EU is reforming its securities markets to plug supervisory gaps highlighted by the 2007-09 financial crisis. The MiFID Ⅱ reform takes effect in January 2018 but banks and asset managers have criticised one element that will force them to publicise bid and offer prices for corporate bonds ahead of a trade to increase transparency and competition. Market participants say it will put people off bond trading.