Concerns about reduced liquidity in fixed-income markets are overstated, according to Allianz chief risk officer Tom Wilson, who calls for policy-makers to focus also on encouraging growth in the European corporate bond market.
“There has been a lot of talk about widening bid-offer spreads as well as the ability to find matching trades,” says Wilson. “On the margin I think this may be true during ‘normal times’. But how much of the press coverage is being driven by banks chafing under the new r
The week on Risk.net, August 4–10Receive this by email