Leader - All Articles

  • What better time to expand the IFFIm model

    Take advantage of low borrowing rates to enact ambitious social programmes. That is economists' message to governments in the developed world right now. The message could also apply elsewhere.

    • 29 Oct 2020
  • US election is an ESG crossroads

    Capital markets players have a variety of stances on the forthcoming US presidential election. A survey by UBS this week found 51% of wealthy US investors wanted Joe Biden to win, while 55% of business owners favoured Donald Trump.

    • 29 Oct 2020
  • A friendlier face for UK bank supervision

    Prudential rules will become more supportive for UK banks after Brexit.

    • 22 Oct 2020
  • Will the Next Gen loans be needed?

    Europe’s bevy of recovery lending packages is undoubtedly a welcome gesture, but it may remain just that — a gesture. If trends continue as they are, some countries may prefer market lending to concessional loans from Europe.

    • 22 Oct 2020
  • Liquidity makes a market, the ECB takes it away

    Despite the Eurozone covered bond market’s huge size, its inherent liquidity is dwarfed by much smaller sectors outside the trading block — effectively meaning ‘the market’ is slowly but surely becoming impotent.

    • 15 Oct 2020
  • Markets must beware blue wave complacency

    Equity markets are pricing in a big win for Democrats in the US elections in November, meaning a large post-election stimulus package to help the economy through Covid-19. However, they should be wary as president Donald Trump is far from beaten.

    • 15 Oct 2020
  • There is no quick fix for bank profitability

    Policymakers should be careful about rushing into action over signs that bank profitability is collapsing.

    • 08 Oct 2020
  • EU can’t have it both ways on securitization

    The European Parliament’s proposals on the role of the securitization in fixing the European economy are set to nullify any benefit STS might grant to the synthetic market. With Europe’s economy at stake, the Parliament must decide whether ABS is a hindrance or a help.

    • 08 Oct 2020
  • Colombia is right to lean on the IMF

    Colombia will become the first country to ever draw funds from an IMF flexible credit line (FCL), the Fund’s facility for its star pupils. In these exceptional times, Colombia should ignore any stigma associated with tapping IMF funding and be applauded for healthy pragmatism.

    • 01 Oct 2020
  • ECB can do better than a green TLTRO

    The ECB is mulling the idea of green Targeted Longer-Term Refinancing Operations to boost green lending. It's a noble aim — but it should work with the policies it has first, if it is serious about environmental impact.

    • 01 Oct 2020