Changing rules might be reason behind bond-sale concerns

03/5/2014 | Bloomberg

The Securities and Exchange Commission is looking into the way major banks divvy up corporate-bond offerings and whether certain clients are receiving preferential treatment, a source said. However, the way bond sales are allocated might be a side effect of regulations mandated by the Dodd-Frank Act and 2010 rules issued by the Basel Committee on Banking Supervision. The rules prompted bond dealers to rein in their corporate-bond inventories.

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