My colleague James Bullard of the St. Louis Fed (at the Annual Meeting of the American Economic Association) recently bemoaned the fact that a creeping politicisation of central banks has been taking place worldwide in the wake of the financial crisis.
On the development of bond markets, agreement was reached that trading in equities and bonds should be accommodated on the same exchange rather than that new bond exchanges be established. It was also decided that stock exchanges that wished to implement bond listings requirements would use the new listings requirements of the South African bond exchange.