Reflecting growing industry fears about liquidity strains in the secondary corporate-bond market, IOSCO undertook a fact-finding investigation and generally found that secondary-market liquidity is likely to remain sufficient at least in normal market conditions. IOSCO is also dubious that regulations play any adverse role. It nonetheless seeks comment on this and other conclusions laid out in its consultative report, looking in particular for data because IOSCO’s efforts to date have encountered cross-border data-gathering obstacles and other analytical challenges.
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