Just had a read of the 2015 ORB Practitioners Roundtable Report, as well as the liquidity report from Q4 of last year, both of which can be accessed via this webpage.
May being unrealistic in my overall aspirations for the ORB, but reading the aforementioned documents one would assume that all is sweetness and light and that we are ticking on nicely. No where in either of the reports ( and more so the Roundtable Report,) is the matter of the lack of bonds coming to market seriously addressed as a major red flag. Six issues for the whole of 2014 cannot be sustainable, and with the consensus of the practitioners being that 2015 is going to much of the same. Also there seems to be agreement that the blue chips like National Grid are unlikely to see the ORB as a method for raising capital and thus Financial Institutions;will be the backbone of the Market and with the potential for 'iffey ' bonds such as Eros becoming the norm.
The reports focus is more about the outputs of the investor as opposed to what I see as a fundamental flaw in that there is simply not enough bonds coming to market. Reference is made to the rise of P2P lending and the threat it poses to traditional forms of finance. But as Practitioners and coal face stakeholders in the ORB I would have expected more substance from them to how the ORB should respond
Would like to gauge other peoples views on where the ORB is going, and in comparison to its Continental counterparts has it got a future?