Europe

Mediobanca was looking to sell its second six year senior bond of 2019 on Monday, revealing its preference for deals in the belly of the maturity curve.

The Bank of Italy will require Banca Monte dei Paschi di Siena to maintain higher capital buffers from next year, after finding that it has become more complex and interconnected within the financial system.

European finance ministers are not keen on setting up a new development bank from scratch. They will instead start technical work on how to better streamline the operations outside the EU of the European Investment Bank and the European Bank for Reconstruction and Development.

GN Store Nord, the unrated Danish maker of hearing aids and headsets, launched a €200m-€250m four year bond today under its newly established Euro-MTN programme.

Bank Norwegian has mandated a pair of banks to look into a possible Norwegian krone or Swedish krona issuance.

Economists at the European Central Bank said that stock markets were better than banks at reallocating investment towards greener sectors because of the greater role that equity plays in financing energy efficient sectors.

The biggest hurdle to ensuring sustainable investment becomes a mainstream strategy is inconsistent measurement of the environmental, social and governance (ESG) targets that underpin the products, according to Mark Carney, governor of the Bank of England.

Sorry, banks and green bond specialists, it is not all about you. It is time to focus on green equity as well.

The mandatory buy-in regime under the EU’s regulation for central securities depositories (CSDR) is expected to cause bid-ask spreads across bond markets to widen significantly, according to a warning from the International Capital Markets Association. The lobby group would like the rules changed.

Intesa Sanpaolo has become the first bank to use the proceeds of a green bond specifically to promote the development of a more circular economy — an issue that has been gaining increased attention from EU policymakers recently.

The National Bank of Ukraine has accused Ihor Kolomoisky, former owner of Privatbank, of orchestrating a sustained campaign of violence and intimidation in an attempt to put pressure on the central bank, but international investors remain largely unfazed.

Amid signs of progress, BNP Paribas faces challenges to deliver on its radical transformation plan, writes David Rothnie.