• Abu Dhabi boycott scenario leaves no one crying

  The spat between Qatar and its GCC neighbours has reared its ugly head in the capital markets, with the possibility Abu Dhabi informally boycotting Qatari-owned banks on the table. But neither side is likely to really feel the pinch.

  • 15 Aug 2017

• UK risks severe harm to City in Brexit services silence

  Despite making up 80% of the UK's GDP, services are being left out of the loop in the confusion surrounding the country’s potential exit from the European Union and the recent focus on the Customs Union.

  • 15 Aug 2017

• Nine curious artefacts from the world of cryptocurrency

  The cryptocurrency market is sensationally hot. The pace at which new money is flooding into the market is staggering. Some of the hype might turn out to be justified, but there are plenty of ridiculous ideas getting swept up in the palaver. Here are nine of the best.

  • 15 Aug 2017

• IMF tells it like it is on China’s liberalisation delays

  Chinese authorities are once again voicing their desire to get back on track with the reform agenda. But Bond Connect aside, there is not much evidence the powers that be are delivering on that promise — as the International Monetary Fund (IMF) rightly makes clear in its China country report.

  • 15 Aug 2017

• Germany’s PSPP challenge: of secondary importance

  Germany’s constitutional court has referred several questions to the European Court of Justice over whether the Public Sector Purchase Programme (PSPP) is compatible with European Union rules prohibiting monetary financing by central banks. As was proved with Germany’s challenge of the European Central Bank’s Outright Monetary Transactions (OMT), there is again likely to be little effect from the move — and in any case, Germany’s judiciary should learn that at times of crisis, central banks should be left to wave their magic wands.

  • 15 Aug 2017

• Europe’s levfin should use ‘Merkron’ card to win US PE over

  US private equity firms keep an eye on European deals, but their doubts over the eurozone’s future become a deterrent at times. Now that Germany and France are signalling a zealous commitment to the European project, the chance is ripe to regain their trust.

  • 15 Aug 2017

• There are lessons to be learnt from failed PFC loan

  National Thermal Power Corp (NTPC) has become the second Indian company to seek long-term funding under the latest Reserve Bank of India guidelines — about five months after Power Finance Corp's similar, albeit unsuccessful, attempt. Given that precedent, NTPC will do well to keep its hopes in check.

  • 09 Aug 2017

• ABS allocations show UK already stands apart from Europe

  Despite UK assets offering juicier spreads than their European counterparts, distribution stats show little European investor participation in UK deals. That might be disappointing for UK issuers, but at least it means little to fear from a hard Brexit.

  • 08 Aug 2017

• A capital model manifesto

  Regulators bemoan the lack of comparability in capital standards — the main point of the leverage ratio, and Basel IV, is allegedly to make the capital ratios of different banks more comparable — but the easiest fix to the problem is disclosure, not output floors. Here are GlobalCapital’s suggestions:

  • 08 Aug 2017

• Don’t rush: Asia’s high yield need patience

  Asian issuers are racing against the clock to push out new bonds, taking advantage of abundant liquidity and historically low yields. But with summer fast approaching, issuers — particularly high yield debut names — should go back to basics.

  • 02 Aug 2017

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