Sweden Cracks Down on Traders Ignoring Bond Rules
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Sweden’s financial watchdog will stop turning a blind eye to traders who have ignored a rule requiring them to report company bond prices as the regulator seeks to improve transparency in a growing market.
The Swedish Financial Supervisory Authority will ask corporate debt traders to follow rules similar to those adhered to in the government and mortgage bond markets. That means they must file trade reports including volumes as well as the highest, lowest and closing prices, no later than 9 a.m. the next day.