Currently, the Tbills market is under NBR
supervision, but authorities’ intentions are to transfer this responsibility to
the issuer – MEF. This involves the revision of the regulatory framework. MEF
intends also to revise the access criteria for dealers.
Public: MEF would benefit of the industry’s input on the
regulatory framework. At the same time, the decrease in the compliance costs
could generate more taxable income.
Private: Banks and other capital market players could be
involved in the process of revising the existing regulatory framework and in
improving it; thus compliance costs could be decreased.
Terms of Reference