The process of achieving agreement Before turning to what the BIS does, it is perhaps useful to be clear about what it does  not do. In particular, it does not normally use its own financial resources to promote or finance particular courses of action by its members.
In the corporate bond and CP markets, the issuance spreads remain steady and the favorable issuing environment is virtually unchanged on the whole, especially for firms with high credit ratings, although some firms still seem to be taking a wait-and-see attitude in the corporate bond issuance market in view of the rise in long-term interest rates.