Mr Ian Plenderleith, an Assistant Director and Head of the Bank's Gilt-Edged Division, reviews the evolution of the sterling bond market into an integrated and highly diversified capital market over the past ten years and details some of the ways in which the UK authorities have sought progressively to encourage this process. He goes on to consider a number of areas where further work to improve the market's basic infrastructure might help to promote its development.
The development of the sterling bond market