Corporate bond markets in emerging markets – 18/04/11

18 Apr 2011

IBFed has given IOSCO its reflections on corporate bond markets in emerging markets.  In doing so, IBFed suggested policy makers focus on the following issues: (1) Deepening of ongoing legal and tax reforms and improvements in financial reporting and information disclosure standards to successfully enhance investors’ protection and participation in the capital markets; (2) Further removal of obstacles to the participation of institutional investors in corporate bond markets and the promotion of the participation of retail investors in capital markets through local collective investment schemes; (3) Further deployment of actions to boost market demand in corporate bonds by means of “retailing” such investments, notably through investor education and institutional modernisation; and (4) Strengthening of property rights and policies which promote macroeconomic stability and stability of exchange rates.  IBFed will continue to engage with the policy makers on this subject.