Industry lobby groups IIF and GFMA urge action over market illiquidity

摘要

Two of the industry's biggest lobby groups have warned that regulators may need to revisit some of the regulatory changes brought in since the crisis in order to tackle market illiquidity that could bring about deep financial shocks. The institute for international finance, a group of 500 banks and asset managers, and the global financial markets association, which represents three regional market associations, made the warning after commissioning a report on illiquidity. The report, compiled for the two bodies by PwC, found that many banks had retreated from making markets following the introduction of new capital rules, contributing to a measurable reduction in financial market liquidity across various asset classes.