The SCGI and the OECD has published the first report within the Swedish Capital Market Review project, The Swedish Corporate Bond Market: Challenges and Policy Recommendations. The report provides an assessment of the Swedish corporate bond market and policy recommendations to improve its functioning, drawing from detailed empirical analysis and in-depth interviews with market participants. It includes two empirical chapters which provide insights into the market’s evolution over the last two decades based on original data, emphasising changes since the 2008 financial crisis with respect to market size, issuer characteristics, credit quality, industry composition and investor universe. These developments are also considered in an international context, comparing the Swedish market with selected peer countries, both in Europe and elsewhere.
The report was launched at a seminar on April 4, 2024. The opening speakers were Minister for Financial Markets, Niklas Wykman, Carmine Di Noia, Director of the Financial and Enterprise Affairs Division at the OECD, Deputy Governor of the Swedish Central Bank, Aino Bunge, and Per Nordkvist, Head of Markets at Finansinspektionen. The conclusions of the report were also discussed by a panel of experts, moderated by Eva Hägg, Chair of the Swedish Securities Market Self-Regulation Committee.
The report can be downloaded here.
SCGI 