Traduction de «Marché des obligations en Ecus » (Français → Anglais) :

Amendments to the Delegated Regulation supplementing Solvency II in 2018 to review the prudential treatment of private equity and privately placed debt; Recommendation on private placements (building on the experience of well-functioning national regimes) – in the fourth quarter of 2017; Communication on a roadmap for removing barriers to post-trade market infrastructure (building on the recommendations of the EPTF – the European Post Trade Forum) – in the fourth quarter of 2017; Communication on corporate bond markets (building on the recommendations of the Expert Group on Corporate Bond Market Liquidity) – in the fourth quarter of 2 ...[+++]017; Code of Conduct to simplify withholding tax procedures, with a focus on refunds – by end 2017.

Market participants are currently developing voluntary guidelines, known as 'Green Bond Principles', that recommend transparency and promote integrity in the development of the green bond market by clarifying the approach for issuing green bonds.

Even if PSAs were the only active participants in these markets, the total VM requirement for such a move would exceed the apparent daily capacity of the UK gilt repo markets and would likely exceed the relevant parts of the EU Government bond repo market — i.e. primarily that in German Government bonds (bunds).

In countries where there is no deep market in such bonds, the market yields (at the end of the reporting period) on government bonds shall be used.

ESMA shall, in particular, take into account the need to preserve liquidity of markets, especially sovereign bond and sovereign bond repurchase markets.

Another report stated that ‘Especially in the latter half of last year, it was nearly impossible for a company to issue junk bonds based on its own credit and the junk bonds market existed through primary collateralised bond obligations, collateral loan obligations and a government-initiated bond-refinancing plan’ (48).