Goldman Sachs Advocates for Delayed Bond Trade Disclosures to Mitigate Market Impact

Goldman Sachs is pushing U.S. regulators to revise disclosure rules for large corporate bond trades, arguing that current requirements expose market-moving transactions prematurely. The bank proposes delaying public reporting for trades exceeding $250 million to allow dealers time to manage risk.

Current SEC mandates require disclosure within 15 minutes for all investment-grade and high-yield bond trades. Goldman's proposal WOULD tier disclosures: trades between $250-$500 million reported by day's end, and larger trades following T+1 settlement schedules.

The MOVE reflects growing institutional focus on minimizing market disruption during block trades. While targeting traditional bonds, such regulatory debates often foreshadow discussions in digital asset markets about transparency versus liquidity.