Emerging Market Credit: Liquidity in a New Era

Meridy Cleary from J.P. Morgan's FICC Market Structure and Liquidity Strategy team speaks with James Banghart, Global Head of Emerging Market Credit Trading, to discuss the test of geopolitical shocks on emerging market credit liquidity, the evolution of execution models driven by portfolio trading and ETFs, and the potential impact of new bond transparency rules in the EU and UK. This podcast was recorded on June 9, 2026, and also touches on the current state and drivers of emerging market private credit.