'More accounting clarity' needed for inflation market

New Angles

A lack of clarity on the accounting and regulatory treatment for inflation-linked bonds and derivatives are the key constraints holding back growth of the European inflation market, according to a study published by the Euro Debt Market Association at the end of June.

The study, compiled by a working group of 30 organisations, including BNP Paribas, Barclays Capital, Goldman Sachs and Royal Bank of Scotland, found that a lack of reference to inflation in International Financial Reportin