People & Markets - All Articles

  • Sweden’s QE to see green

    The Riksbank, Sweden’s central bank, is adding a “negative screening” process to its purchases of corporate bonds under its quantitative easing programme, meaning it will no longer buy the bonds of the most polluting companies.

    • 30 Nov 2020
  • Sri Lanka hits back at ratings downgrade

    The Sri Lankan ministry of finance has responded to a Fitch rating downgrade by saying that the country does not ‘accept’ the decision, and has in place a policy framework to tackle its debt obligations and spur economic growth.

    • 30 Nov 2020
  • Green experts hopeful on new UK infra bank

    A new UK national infrastructure bank, announced by the government on Wednesday, is set to be up and running quickly, although details remain thin on the ground. While framed around infrastructure, a big part of its mandate could relate to the country's net zero carbon plans.

    • 26 Nov 2020
  • Bots prepares 2021 launch for DCM platform

    Bond Origination Technologies (Bots), a new tech company that aims to automate pricing indications in the primary debt capital markets, has completed an initial fundraising round and formed an advisory board ahead of a launch next year. GlobalCapital spoke to the founders to find out more about the product.

    • 24 Nov 2020
  • EU braces for ‘game of chicken’ over recovery fund

    The European Union faces its bitterest internal conflict yet, with member states drawing battle lines over the receipt of EU funds becoming dependent on states adhering to the rule of law. The conflict risks delaying or sinking the EU’s recovery fund, but capitulating would weaken its ability to oversee how the money is used, writes Lewis McLellan.

    • 19 Nov 2020
  • UK’s green plan slammed for lack of funding

    Boris Johnson, UK prime minister, announced on Tuesday night a 10 point plan for the environment, including phasing out petrol cars by 2030. But policy specialists are disappointed that the plan lacks financing commitments and especially that there is no announcement of a national investment bank.

    • 17 Nov 2020
  • Poland and Hungary block EU recovery fund over rule of law

    The EU recovery fund has hit a major obstacle in its journey to capital markets. Hungary and Poland have vetoed the "own resources decision", which would allow the EU to access the bond market on its own account.

    • 17 Nov 2020
  • UK’s Gilt and Taxonomy plans spark hopes of green bond surge

    The UK’s announcement that it would begin issuing green Gilts next year is raising hopes that it will inspire more green bond issuance from UK borrowers. But market participants are eager to see how the UK handles setting up a green debt programme and its own green taxonomy. Lewis McLellan and Jon Hay report.

    • 12 Nov 2020
  • ‘The US is back’: hopes of Biden multilateral boost grow

    A Joe Biden White House offers an opportunity for international and regional multilateral financial institutions to lobby for extra financing to deliver essential assistance to countries hit by Covid-19, according to experts.

    • 12 Nov 2020
  • Lagarde implies yield compression is official ECB policy

    One of the European Central Bank's outright aims is to suppress government bond yields, ECB president Christine Lagarde hinted in a keynote speech on Wednesday.

    • 12 Nov 2020
  • Pushing EU loans is no job for the ECB

    Yves Mersch, one of the ECB governing council’s staunchest hawks, has a new argument for why the central bank must abridge its purchase programmes: by keeping down the borrowing costs of the eurozone periphery, the ECB is helping countries to “circumvent EU loans”, which he thinks should not be allowed to happen.

    • 10 Nov 2020
  • UK seeks to regain green edge with Gilts, own Taxonomy, TCFD rule

    The UK will issue its first green Gilts next year, create its own Taxonomy of green activities and oblige large companies and investors to report as recommended by the Task Force on Climate-Related Financial Disclosures by 2025, the chancellor of the exchequer Rishi Sunak said on Monday.

    • 09 Nov 2020