Goldman Sachs Group (NYSE:GS) is urging regulators to allow big banks that sell corporate bonds certain delays in the public reporting of large trades, Reuters reported, citing an internal white paper.
Current disclosure requirements may lead to any sensitive details of a transaction being released before dealers can manage the related risk. This can potentially move markets, the banking giant reportedly said.
At present, banks are required to disclose secondary trades of investment grade and high-yield bonds within 15 minutes of the execution of transaction.
GS argues that reporting of portfolio trades larger than $250M should be exempt from the standard 15-minute public distribution rule, the September 10 report noted.