• UK throws City under Brexit bus because it’s politically easy

  The City has prepared as best it can for a no-deal Brexit, but it's not just the immediate effects it needs to worry about — the UK government’s disdain for the industry its Brexit planning will diminish UK-based financial services for many years, and the government doesn't seem to care.

  • 18 Sep 2018

• Nothing touted as 'the next Lehman Brothers' will be the next Lehman Brothers

  The 10 year anniversary of the Lehman bankruptcy prompted a wave of commentary — and a clamour of doom-mongers trying to call the next crisis. Famous last words, of course, but it’s mostly misguided.

  • 18 Sep 2018

• The SREP has an important role to play in dealing with money laundering

  Europe already has a powerful tool to deal with banks that fail to show they have the proper risk controls in place — it’s called the supervisory review and evaluation process.

  • 18 Sep 2018

• A better way of mandating for bonds

  When the mandates for DP World’s four tranches of bonds were put on screen this week, the market was shown a different, and GlobalCapital believes, better, way of mandating banks for multi-currency, multi-product type bonds.

  • 18 Sep 2018

• Asian IPO issuers: keep your expectations in check

  IPOs from Asian companies have painted a mixed picture, with deals continuing to get done even as the trade war between the US and China looks set to worsen. But the incredible share debuts of Nio and Qutoutiao last week are unlikely to mark a turning point. If anything, issuers should continue to tread cautiously on pricing.

  • 18 Sep 2018

• A closer eye on Indonesia is no bad thing

  Emerging market investors are on edge, and rightfully so, as Turkey, Argentina and South Africa face up to serious economic problems. In Asia, that has triggered outflows — and risk aversion — from Indonesia, which is in a much stronger shape than its peers. But the volatility presents an opportune time to scrutinise the south-east Asian country closely.

  • 13 Sep 2018

• Cash on the blockchain: banks must catch up

  A reliable way to settle fiat currency transactions on blockchain is the biggest obstacle holding back the financial services industry from realising the benefits of blockchain. More and more organisations are coming up with solutions, so where are the banks?

  • 11 Sep 2018

• 10 things that changed in 10 years that had nothing to do with Lehman

  Imagining capital markets and investment banking in 2018 without the global financial crisis is a big leap. The chaos and turmoil of 2008 deeply scarred traders, bankers and regulators and defined the intellectual imperatives for the changes that followed — the wholesale revamp of prudential and markets regulation, the bailouts, the reorganisations, the new monetary tools and new ways of seeing the world. But the past 10 years haven’t all been about the crisis.

  • 11 Sep 2018

• Ratings savings — and how to avoid them

  The Catalan Treasury has dropped S&P as a ratings agency, citing cost savings — after all, it had four ratings (now three) when all it needed from a regulatory point of view was two. But S&P’s rating was the worst of those four, suggesting that ratings shopping — or in this case, ratings saving — is still a problem in the bond markets.

  • 11 Sep 2018

• Softer euro ABS spreads: a gift to the buy side

  The small, but noticeable, downward shift in investor appetite for new issue euro ABS bonds over the past few months has meant that bank syndicates and issuers have had to work a bit harder to cajole investors and get deals done.

  • 11 Sep 2018

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