• Who would want to be Mark Carney?

  The Bank of England is now odds on to raise interest rates at the November meeting of the Monetary Policy Committee in November, after the Consumer Price index reported inflation exceeding 3%, but such a move could tip the UK economy over a cliff.

  • 17 Oct 2017

• Trump dominates IMF meetings for all the wrong reasons

  As the world’s finance ministers, central bank governors and investment bankers dispersed from Washington DC at the weekend after the IMF-World Bank annual meetings, a sense of oppression hung over them.

  • 17 Oct 2017

• What should a European IMF look like?

  In recent years, the European Union has reformed in the teeth of a crisis. Banking Union was sketched out on the back of a napkin to help break the “sovereign-bank doom loop” which was threatening peripheral economies. The financing vehicles of the European Financial Stability Fund and then the European Stability Mechanism were called into being to rescue states whose finances were already weak.

  • 17 Oct 2017

• Vietnam should learn from Vincom’s speedy listing

  Vincom Retail is treading new ground in Vietnam’s snail-paced listing market, aiming to list its shares just two weeks after the IPO. But any hopes that this will be the dawn of a new age may be dashed. The big deals set to follow are a slew of privatisations — and Vietnam’s state-owned enterprises are notoriously tardy.

  • 17 Oct 2017

• Time to let the barbarians through the gate

  Xi Jinping's first term has seen a series of concrete steps taken towards opening up the country's capital markets. With the five-yearly Party Congress starting this week, it is now time for China's leadership to take the leap from granting access to giving global investors real influence on the market.

  • 17 Oct 2017

• Don’t be surprised by renminbi weakness

  China watchers have struggled to come to terms with the renminbi’s weakness during most of September. But while China’s leaders can sometimes be hard to analyse, the monetary authorities have been pretty clear about their currency policy — and they mean it.

  • 16 Oct 2017

• Qatari fears should not become paranoia

  Emerging market loan bankers are used to a little political drama but the recent spat between the Saudi-led group of six Arab states and Qatar has caused doubts about whether to engage in deals with Qatari exposure. This stance is understandable for pure Qatari credits but the penumbra of uncertainty has now spread to entities at one remove from Qatar. Banks should not be put off lending.

  • 10 Oct 2017

• NBG’s covered bond success does little to diminish Greek grief

  National Bank of Greece’s ability to attract a high oversubscription for its three year covered bond on Tuesday showed it is on the road to recovery. But without sovereign debt relief, the precarious state of Greece’s government finances will continue to blight the economy and its fragile banks.

  • 10 Oct 2017

• Nationalist bank regulation from the US is the rule, not the exception

  Proposals from US treasury secretary Steven Mnuchin to “advance American interests in international financial regulatory negotiations and meetings” are part of a long tradition in the country’s regulatory rule making — global norms are honoured more in the breach than the observance. At least now the US is willing to admit it.

  • 10 Oct 2017

• Wall Street’s empire strikes back in Treasury report

  A US Treasury report on capital markets, published on Friday, struck a populist tone, saying the rise of private credit at the expense of public market sources of financing has snatched money-making opportunities away from average Americans. But it is investment banking that has most to gain from a boost to public debt markets, not individual investors.

  • 10 Oct 2017

GlobalCapital View archive