• The Swiss crypto treatment is generous

  Prudential regulators around the world have mostly confined themselves to pieties when it comes to cryptocurrencies, warning of the need to monitor markets, avoid stifling innovation, but making few concrete moves.

  • 06 Nov 2018

• Talk of Brexit deal for City is wide of the mark

  There has been feverish talk over the past few days that the UK and European Union are close to agreeing a deal to determine the future of the continent’s financial services industry, but that talk is premature: real negotiations likely haven’t even started yet.

  • 06 Nov 2018

• Not so grand: Evergrande’s bizarre bond return

  Evergrande’s $1.8bn bond at the end of October sent ripples through Asia’s bond market. It also set a dangerous precedent for a market that is already accused of letting standards slip.

  • 06 Nov 2018

• Cyber bond splurge could remain stuck in the ether

  Recent developments may help push the risk of cyber attacks onto the capital markets through catastrophe bonds and other insurance-linked securities (ILS). But investors are likely to be wary about taking on too much exposure.

  • 30 Oct 2018

• Blame private equity for the state of levfin

  Central banks and international financial institutions have raised a storm over vanishing investor protection covenants in leveraged loans. But most warnings about the market have avoided assigning blame where it is richly deserved — to the private equity industry.

  • 30 Oct 2018

• Deutsche’s dangerous idea

  Nothing is scarier than the idea that your risk management is special. Deutsche should look again at its leveraged finance business.

  • 30 Oct 2018

• India's white elephant: start-up listings

  India’s securities regulator has reworked the much-maligned Institutional Trading Platform (ITP), giving it a new name and more flexible rules in the hopes of attracting technology start-ups. But like its last iteration, the reformed listings platform is probably doomed to fail.

  • 30 Oct 2018

• It ain’t over yet: HK ECM faces hurdles before year end

  Hong Kong equity investors may feel they need a break after a year of underperforming IPOs, sharp declines in valuations and protracted volatility. But don’t call time on the market just yet.

  • 30 Oct 2018

• Sterling levloans: watch covenants not volumes

  The Bank of England recently warned that it would take a close look at the fast-growing sterling leveraged loan market, but there is both less and more to the story than meets the eye.

  • 25 Oct 2018

• China should use its second chance on CDRs

  A long-touted equity link between London and Shanghai is set for take-off by the end of the year, but the most unsurprising news to emerge is HSBC’s plan to use it for a Mainland listing. China now has an excellent chance to get its act together on Chinese Depositary Receipts.

  • 25 Oct 2018

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