Without credit, the innovation, production and trade of the real economy are severely constrained. But in the recent past the focus of finance has gradually shifted. From helping the real economy manage economic risk, the focus of finance has quietly moved toward the creation of financial risk. Financial risk is different from economic risk. It is deliberate exposure to expected asset price changes.
The two institutions constituted Technical Committee to oversee the automation of trading of Treasury bonds through the NSE. The main objective of this initiative was to make bonds trading secure, efficient and a vibrant market. The expected improvement in market activity will also improve market liquidity and encourage more investors to participate in the bond market.