Statement from FIIG Securities CEO Mark Paton on Financial System Inquiry interim report:
‘“We are very encouraged that a number of our suggestions to the FSI in our dialogue with it have been reflected in the interim report.”
“In particular, we congratulate the FSI for recognising that Australia has a deep and liquid corporate bond market.
“There is a place where retail investors and private client investors can go to buy bonds over the counter and this reports calls that out where many other commentators have failed.”
“The fact is that there are currently over $1 trillion of bonds on issue in Australia and $247 billion of them are corporate bonds.”
“We are also pleased that the FSI has considered creating an easier pathway for companies already subject to ASX continuous disclosure regime to issue to retail investors via the over the counter market.
“The FSI is right to focus on that point and we look forward to developments that enable greater access for retail investors to participate in the bond market.”
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