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Reforms should focus on banks' access to liquidity, not capital
Issuer has set the stage for peers to return to public market
Green investors buy when everyone else stops, giving issuers one last pricing lever — perhaps to cross a line none of them wants to reach
Investors are still around and issuers can get ahead of the September rush
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  • Disruption is the tech trend of our times. It’s about whether technology and innovation can abolish old business models, rather than merely smoothing out their edges and adding efficiency gains.
  • It will have been easy to overlook CP29/15, a consultation paper from the UK's Prudential Regulatory Authority published in August. After all, it hardly sounds like a summer blockbuster.
  • Every time it looks like the post-crisis reshaping of the financial system is over, banks seem to realise there’s much more still left to do.
  • October is the month when it’s traditional for people from different countries to dress up, drink too much and talk about scary things — yes, it’s the annual meetings of the IMF and World Bank.
  • It’s been a tense couple of days for corporate bond and equity markets, but participants’ gloom should not bring a halt to issuance.
  • Whisper it, but regulation is getting better. It’s still growing — there were nearly 2,000 pages to pore over this week — but the détente between the financiers and legislators is starting to deliver.