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Update: Market Chatter: Goldman Sachs Urges US Regulators to Allow Delayed Reporting of Large Bond Trades

BY MT Newswires | CORPORATE | 09/11/25 05:14 AM EDT

05:14 AM EDT, 09/11/2025 (MT Newswires) -- (Updates with Goldman's response in the last paragraph.)

Goldman Sachs (GS) is pushing US regulators to allow it and other big banks that sell corporate bonds on investors' behalf to delay public reporting of their largest trades, Reuters reported Wednesday, citing an internal white paper from the lender.

Goldman reportedly said that current disclosure mandates compel large liquidity providers to report sensitive transaction details before dealers can manage the risk resulting from large portfolio trades.

The company is arguing that portfolio trades worth more than $250 million should be exempt from a rule set by the Financial Industry Regulatory Authority under which lenders have to disclose transactions within 15 minutes of their execution, Reuters reported.

Goldman recommends that trades between $250 million and $500 million should be disclosed by the end of a trading day, while those above $500 million should be settled over a day, or the day following the trade date, the report said.

A Goldman spokeswoman confirmed the contents of the white paper in response to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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