People & Markets - All Articles

  • Eight banks ‘formed European government bonds cartel’, says EC

    The European Commission said on Thursday that it had informed eight banks that they had breached European Union antitrust rules in the purchase and trading of European government bonds between 2007 and 2012.

    • 31 Jan 2019
  • Bondholders remain tongue-tied as climate risks worsen

    Most bond investors are making minimal effort to lobby companies to improve their performance on climate change, a new report has found. Some feel they haven’t the right to make demands; some leave it to equity colleagues; some do not see it as relevant.

    • 31 Jan 2019
  • Six banks in the pipeline for Deutsche Börse blockchain product

    Deutsche Börse has revealed that six banks have signed up to its blockchain offering for collateral swaps in the securities lending market as it hailed “significant progress” in development of the solution.

    • 30 Jan 2019
  • IFC chooses new treasurer

    The International Finance Corp has selected a new vice-president and treasurer to replace Jingdong Hua, who left at the start of the year.

    • 30 Jan 2019
  • EU watchdog sparks new debate on Juncker plan

    The European Court of Auditors (ECA) issued on Tuesday a report criticising several core elements of the European Fund for Strategic Investment (EFSI) — the so-called Juncker investment plan.

    • 30 Jan 2019
  • Natixis reshuffles MTNs as Martin changes position

    Natixis has made some internal changes to its MTN team, after the desk’s global head Elsa Martin took on a new position within the bank.

    • 29 Jan 2019
  • BOC loses debt syndicate head in Hong Kong

    Bank of China’s Hong Kong-based debt syndicate head Sebastian Ha is leaving the firm next month.

    • 28 Jan 2019
  • EBRD, EIB jockey for position in revamped Juncker plan

    The European Investment Bank, European Commission and EU member states are struggling to decide how to run InvestEU, a €47bn guarantee from the EU budget supposed to support €650bn in investment, as a successor to the Juncker plan. The Commission is seeking more direct control, while the European Bank for Reconstruction and Development is also after a bigger role.

    • 24 Jan 2019
  • PGGM links up to Eurex buy-side repo clearing

    Dutch firm PGGM has become the first pension fund manager to centrally clear repo using Eurex’s ISA direct service, which offers buy-side tailored clearing memberships.

    • 22 Jan 2019
  • Climate activists boo Larry Fink’s CEO letter

    Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

    • 17 Jan 2019
  • Gilt linkers cheapen after Lords committee takes aim at RPI

    Index-linked Gilts took a hit on Thursday after a House of Lords committee concluded that the UK government should correct an “error” in the Retail Prices Index calculation — a tweak that would cause “material detriment” to bondholders.

    • 17 Jan 2019
  • Ivanka Trump and the World Bank — a blessing in disguise?

    Ivanka Trump, a US businesswoman better known as the daughter of US president Donald Trump, is set to help out in the search for a new World Bank president. While she is probably the least qualified person ever to have assisted in the process of appointing such an important position, the tempering influence she may have on her father’s disdain for multilateralism could be a blessing — at least the best we can hope for in these politically insane times.

    • 15 Jan 2019
  • US will try to stop MDBs securitizing

    Hopes of a thriving new market for securitizations by multilateral development banks hit a hole in the road in December, when the US Treasury said it disapproved of them and would seek to stop them.

    • 10 Jan 2019
  • UniCredit trade shows how Italy needs the ECB

    Italian banks are paying up for funding, both a cause and effect of financial stress in the country. It shows why the European Central Bank is likely to continue with TLTRO (targeted longer-term refinancing operations), and why the Italian government has less leverage over Europe than meets the eye.

    • 10 Jan 2019
  • Obituary: John Lee-Tin Jr — Shining brightest

    Cultured, guitar-playing capital markets banker who was widely seen as the best SSA originator in the business died on December 26. He was 48 and had been suffering from cancer.

    • 10 Jan 2019
  • Moody’s mulls rule switch to boost supranational securitizations

    Moody’s is looking at amending its rating approach for multilateral development banks and supranationals in the wake of last year’s groundbreaking African Development Bank ‘Room2Run’ risk transfer deal, proposing explicit ratings credit for ‘credit protection features’ for the first time.

    • 10 Jan 2019
  • Kim exit sparks fears of Trump plant at World Bank

    The surprise decision by Jim Yong Kim to quit as president of the World Bank and join a private fund has triggered a race for the top job in development finance, at a time when the US, the Bank's largest shareholder, is hostile to multilateralism. By Phil Thornton

    • 10 Jan 2019
  • World Bank risks US wrath with China loans

    Research by a US thinktank shows that the World Bank will have to carry out major reform of its lending to China to meet US-driven goals to focus loans on projects with benefits outside wealthy provinces. By Phil Thornton

    • 10 Jan 2019
  • Barclays names new DCM leadership

    Barclays has unveiled the new structure of its management team for its global DCM and risk solutions group businesses, naming a new head of DCM for EMEA.

    • 10 Jan 2019
  • Fitch joins ESG caravan with relevance scores

    Fitch Ratings has remedied its long lack of a visible response to the rise of environmental, social and governance investing by launching a set of ESG relevance scores.

    • 10 Jan 2019
  • Citi shakes up Apac DCM syndicate team

    Citi has named two new co-heads for the debt capital markets syndicate desk in Asia Pacific, succeeding James Arnold who is taking up another position within the bank.

    • 09 Jan 2019
  • UniCredit hires Sebban for French DCM

    UniCredit has hired Audrey Sebban as head of debt capital markets, FIG and SSA for France, the bank said on Tuesday.

    • 08 Jan 2019
  • Jim Yong Kim quits World Bank as Trump influence fears grow

    The unexpected decision by Jim Yong Kim to stand down as World Bank president three years ahead of schedule will raise worries in the development community that Donald Trump will use the opportunity to select a political appointee. By Phil Thornton

    • 07 Jan 2019
  • CPPIB Capital hires funding official from EDC

    A funding official at a Canadian public sector borrower is switching to another SSA in the country.

    • 07 Jan 2019
  • KfW hires senior funding official

    KfW has appointed a senior funding manager to its new issues team in Frankfurt, with responsibility for sterling and dollar deals.

    • 07 Jan 2019
  • John Lee-Tin 1970-2018

    It is with much sadness that we have to report the death of John Lee-Tin.

    • 03 Jan 2019
  • IFC appoints Borlini as acting treasurer

    The International Finance Corp has named Sabrina Borlini as acting vice-president and treasurer while the supranational development agency completes its selection process to replace Jingdong Hua.

    • 03 Jan 2019