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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
Public sector issuers have become more flexible when executing cross-currency interest rate swaps
Politically motivated prosecutions endanger democracy
Solutions exist but political will is necessary
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There is nothing wrong with letting banks decide for themselves if refinancing an additional tier one is in their own best interests.
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Capital market specialists are good at living with radical uncertainty. Just as banks and investors carried on calmly trading US Treasuries through successive debt ceiling crises, they are now displaying similar sangfroid about Brexit.
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The courts are starting to show that they have a key role to play in determining how EU bank resolutions play out.
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Ukraine drew attention for all the wrong reasons this week, tapping a November 2028 line for $350m, allegedly well below the market value.
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The green bond market is still simply too small for its investors to be discerning.
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The European Central Bank’s new funding programme has not ended up being what it was supposed to be — a way of departing from the old market order.