My friend Desmond Brennan posted an interesting blog: Opacity in Financial Markets : it will get worse before it gets better . My sumary includes:
- The market has important gaps in transparency and regulation: Includes corporate debt, different derivatives and pension & reinsurance.
- Barriers to getting them on the market are known: Instrument definition and trade reporting for example.
- Lack of transpaance it going to bite: The risk is of history repeating itself, again.
I enjoyed reading that, thanks Desmond.