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Budget: Chancellor wants corporate bond market growth
The government has outlined plans intended to increase the number of corporate bond issuers in the UK in its Budget report.
The report, delivered in parliament today (24 March) by chancellor of the exchequer Alistair Darling revealed that the move was in line with its efforts to improve financial market efficiency.
The government said it would seek the support of the Association of British Insurers, the Association of Corporate Treasurers and the International Capital Market Association.
It plans to improve bond market access for more issuers by encouraging better adaptation and standardisation of bond documentation and encouraging better market information flows.
