FSA Warns Against Extension to Bonds

LONDON - The UK's financial watchdog, the Financial Services Authority (FSA), has expressed doubts about the wisdom of extending MiFID to the bond markets.

The FSA says that before any new regulations are introduced, it should be established whether bond markets do in fact exhibit any market failures that are caused by insufficient transparency. According to the FSA there is no evidence of significant market failures related to transparency in the UK's wholesale bond markets.

Based on response

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