L’Abi ha pubblicato il 6 giugno 2007 un documento di risposta al Consultant paper del CESR sulla trasparenza dei mercati non azionari. Le domande in inglese cui viene data risposta (in italiano) sono:

- To what extent do you agree with CESR’s assessment of market failure in the secondary bond market?- To what extent do you agree with CESR’s conclusions regarding the impact of imposing mandatory pre- or post-trade transparency requirements?

- To what extent do you think retail investor protection considerations would justify mandating pre- or post-trade transparency?

- To what extent do you think that the introduction of the new best execution requirements will result in a change in the level of transparency information provided on a voluntary basis by the industry?

- How would you propose retail investor education be improved and delivered?

- To what extent do you agree with the suggestion that the defaults that have affected retail investors in recent years have been the result of factors other the transparency? If you feel that transparency levels were of significance in these losses, please explain how.

- To what extent do you agree with CESR’s assessment that any transparency requirements could viability be segmented?

- Do you agree that we have captured the most important criteria that the Commission should take into account in judging possible self-regulatory initiatives? If you think there are other factors that should be noted, please provide details.