The good and the great of Europe's capital markets gathered for the International Capital Market Association conference this month, and the overwhelming consensus among the speakers there was that this was a rare chance for Europe to chip away at US market dominance.
But it won't be easy, with myriad regulatory and idiosyncratic problems that can only come when 27 countries try to agree on a complex set of rules.
Elsewhere, US insurance firms have fallen to the allure of printing in euros, and we discuss what is driving this spate of debut issuance, and whether more might be coming.
And in the sovereign, supranational and agency market, CAF sold a hybrid deal this week. This unusual structure for the esteemed SSA market is still finding its feet, but there was plenty to pick at from the CAF deal to get an idea of what is coming next.
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