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The SEC Division of Economic and Risk Analysis (DERA) today published a report describing trends in primary securities issuance and secondary market liquidity, and assessing how...
The SEC's Division of Economic and Risk Analysis published a
report describing trends in primary securities
issuance and secondary market liquidity, and assessing how those
trends relate to post-crisis regulatory reforms. The report
examines the issuance of debt, equity and asset-backed securities,
as well as activity and liquidity in U.S. Treasuries, corporate
bonds, single-name credit default swaps and bond funds.
Specifically, it identifies trends for unregistered offerings, such
as those under Regulation D and Regulation Crowdfunding, as well as
fixed income transactions, fixed income quotations and
broker-dealer financial positions. The report determined that access to capital and market
liquidity were not negatively affected by post-financial crisis
regulatory reforms.
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