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European Primary Dealers Association (EPDA) |
EPDA's Mission
The primary purpose of the European Primary Dealers Association (EPDA) is to advocate on behalf of its members, the Eurozone government bond primary dealers, with relevant government and regulatory bodies through dialogue and market briefing notes. The Association promotes integration and efficiency within the EU government bond market. It addresses primary and secondary issues by facilitating consultation with key market participants, including primary dealers, EU debt management offices, EU Commission, ECB and trading platforms. As an ancillary part of its advocacy efforts, the EPDA provides best practice recommendations for efficient primary and secondary market procedures and practices in order to promote industry standards as an efficient alternative to government regulation.
Latest Updates:
SIFMA-LIBA Joint Announcement
5 May 2009
Briefing Note: Towards a Common European T-Bill
March 2009
European Primary Dealers Association Announces 2009 Executive Board
7 January 2009
EPDA Launches its Primary Dealerships Handbook
Please see October Updates
SIFMA Completes 2008 Repo Legal Opinions
28 April 2008
EPDA Announces 2008 Executive Board—Paul Spurin and Christophe Rivoire Are New Co-Chairs
17 January 2008
Reports
Briefing Note from the European Primary Dealers Association (EPDA): "Towards a Common European T-Bill" - March 2009, See Related: Discussion Paper: A Common European Government Bond - September 2008
The 2007 EPDA Summit welcomed senior representatives from debt management offices, central banks, regulators, primary dealers, investors, trading platforms and brokers from across the European Union. View Conference Presentations.
SIFMA, EPDA and EHYA Respond to CESR Call for Evidence on Non-Equity Markets Transparency
In a comment letter, the three Associations note that the European bond market growth story continues and that, in order to assess the impact of formalised additional price transparency, it is essential to fully understand how the bond market is structured and why it is structured in this way. The Associations also note that price formation is becoming increasingly efficient in all segments of the EU bond market, and, pointing to a healthy continuation of market-driven price transparency, they do not see any convincing evidence of a market failure in the provision of price transparency in the EU bond market.
European Primary Dealers Association Issues Discussion Paper on Third Party Access to Euro Zone Dealer Markets
The paper cautions that any change to the current structure of the Eurozone dealer markets on electronic trading platforms should not be implemented without extensive consultations with the industry at large, and in particular, the sovereign issuers of Euro zone debt.