The International Organization of Securities Commissions has issued recommendations for improving transparency and oversight of corporate bond markets.
IOSCO’s recommendations for improving bond market transparency and improving the information on secondary corporate bond markets available to regulators and the public are contained in a report published on Thursday.
The transparency recommendations “aim to support the price discovery process and facilitate better informed investment choices,” IOSCO says in a news release.
The recommendations for regulatory reporting seek to ensure that regulators have access to the data they need to provide effective oversight, and to enhance cross-border information sharing and understanding.
Among other things, the report recommends that regulators consider measures to enhance pre-trade transparency in corporate bond markets, and that they implement regimes that require post-trade transparency. It also calls for reporting to facilitate better cross-border oversight of corporate bond markets.