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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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  • Banks pride themselves on analysing and pricing credit. But are they really just slaves to the rating agencies?
  • An innovative senior bond sold by UniCredit this week showed how blurred the lines have become between what is up for grabs in a resolution and what is not.
  • Bond market alpha types may find it galling when the fusty old loan market can teach them an innovative new structure. And yet, that may be about to happen.
  • Chinese brokerage Huatai Securities this week will become the first company to list shares in London via the London-Shanghai Stock Connect programme. The deal, which is oversubscribed, is a landmark transaction and an important step for the internationalisation of China's capital markets.
  • The European Central Bank’s cheap lending programme for European banks will prolong the lives of some, but not cure them.
  • Parts of Italy’s government want to issue securities that resemble a parallel currency to the euro. The plans may never come to anything but if they did, it would prove a Pyrrhic victory for the country's eurosceptics.