Mariner: improve liquidity with non-bank broker dealers

Market liquidity constraints could be fixed with broader participation in the dealing of corporate debt, more efficient application of existing regulation and technology enhancements, managers say

bubble
Basil Williams, co-chief investment officer, Mariner Investment Group

The reduction in liquidity in secondary markets is a direct outgrowth of the Dodd-Frank regulations on the banking system, which has restricted the ability of banks to run proprietary inventory positions. As a result, they are allocating less risk capital to their market-making activities.

In one sense, these regulations and the resulting decrease in liquidity have created a market that looks and behaves a lot like the market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here