Americas

The European Central Bank (ECB) has proposed new powers that could allow it to control elements of foreign clearing houses’ operations (CCPs) in “exceptional” crisis situations, according to a leaked position paper. This is likely to escalate already tense relations with US regulators.

Peruvian retail group InRetail is set to send a subsidiary to bond markets for the second time in a month as its pharmacy arm InRetail Pharma plots a $550m debut issuance.

Argentine gas pipeline company Transportadora de Gas del Sur (TGS) has pencilled in April 24 for its international bond market return as it looks to refinance its existing dollar bonds.

Seven Latin American companies announced borrowing plans this week, looking to issue before fourth quarter numbers go stale even as market conditions are far from ideal.

Intercontinental Exchange on Wednesday announced that it would be launching its three month futures on regulators’ chosen successor for Libor, the sterling overnight index average, on June 1.

No Argentine issuers have tapped international bond markets since January, but companies from the country keep approving issuance plans.

Canadian covered bonds are set to become even more attractive under the country’s newly published bail-in regulations, delegates heard at the European Covered Bond Council’s 27th plenary session held in Vancouver on Wednesday. If immigration policy remains unchanged, there will be limited scope for a correction in Canadian house prices.

The Trump administration’s decision not to announce new sanctions against Russia on Monday is unlikely to be the end of the sanctions saga, with designations having been proven to be the US's most effective weapon against Russia.

A swap execution facility (SEF) owned by the Chicago Board Options Exchange (CBOE) has started trading two new foreign exchange non-deliverable forwards (NDFs), it was revealed on Tuesday.

US President Donald Trump will nominate lawyer Dan Berkovitz to be a commissioner at the Commodity Futures Trading Commission, the White House revealed on Monday.

Light, the Rio de Janeiro electricity company, will begin investor meetings on Wednesday ahead of a potential debut international bond sale.

Transportadora de Gas Internacional (TGI), the Colombian natural gas transportation company, has mandated banks ahead of a proposed $750m senior unsecured issue aimed at refinancing existing bonds.