According to BNM press release (13 Apr), the Financial
Markets Committee (FMC) announced a number of initiatives targeted to
promote (1) a fair and effective market, (2) improve bond market
liquidity; (3) ease hedging activities and; (4) enhance transparency and
market information. We view these initiatives as positive developments.
These are steps towards broadening and deepening the onshore financial
markets, allowing investors to better manage rates and FX exposures. We
believe investors’ ...