Securitization of the corporate debt instruments would provide a big fillip to the market as it would improve risk transference and diversification and provide liquidity to the issuers. e)  Market Infrastructure also finds mention as a factor affecting corporate bond market trading and thereby transparency and vibrancy in the market.
And the game, ladies and gentlemen, has changed. Micro prudential regulations, while necessary, are no longer sufficient. It may be recalled that micro prudential measures are meant to improve individual institutions’ resilience to risks. Central banks must now also have macroprudential measures in place. Macroprudential measures look to address the interconnected nature of the system and help ensure safety at the system level.