LONDON, March 16 (Reuters) - Dutch bank ING said on Thursday that it is no longer a primary dealer for Slovenia, the latest in a string of banks to have stopped making markets for certain European government bonds.
In an emailed statement to Reuters, a spokesperson for the bank said: “As of 2017, ING is no longer a primary dealer for Slovenian government bonds.”
The number of primary dealers across European bond markets has been declining as increased regulation since the 2008 financial crisis and massive bond-buying by central banks for monetary stimulus has weighed on bond-market trading volumes.
The Association for Financial Markets in Europe (AFME) said in a report on Wednesday that the average number of primary dealers in the European Union has fallen to around 18 from around 23 in 2006. (Reporting by John Geddie; Writing by Dhara Ranasinghe; Editing by Larry King)