Have corporate bond markets outgrown the plumbing?

Regulators must examine both investor demand and dealer liquidity supply, say Iosco experts

In the years following the global financial crisis (GFC), what was once extraordinary monetary policy became rather ordinary. The reasons for loosening fiscal and monetary policy were legitimate and well-understood. The world went through the most severe recession in living memory, and governments and central banks had to respond at scale and speed to help ailing economies.

Fast forward more than a decade, as we enter an environment of steadily rising inflation and deep geopolitical uncertainty