GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Covered Bond Opinion

  • The hills are alive with the sound of MTNs this week, with half the market taking their lead from the Sochi 2014 Winter Olympics and hitting the slopes.
  • It's great when a plan comes together, especially in times like these, when the plan involves recapitalising Europe's crisis-weary banks with a high-yielding but risky instrument that could potentially lose you a lot of money.
  • FIG
    Nobody believes that Danièle Nouy, the chair of the European Central Bank’s new single supervisory board, will allow any European financial institution to fail. On Sunday she was reported to have said that this is what the market expects — but that couldn't be further from the truth.
  • With strikes in the news this week there was definitely a 1980s feel to London — and Deutsche Bank’s Anthony Saputo thought it was the perfect excuse to revert back to his childhood and break out his froggie onesie.
  • It comes to something when after a long week at work, Munich’s bankers cannot unwind with a quick trip to the Austrian Alps. At 5pm on a Friday it is common to see suited men and women scurrying for their cars and making straight for the border on the A8.
  • When did you last see a $25bn book for a perpetual non-call 10 year additional tier one capital deal with two triggers for temporary principal write-down, one based on the issuer’s capital ratio and the other based on the capital ratio of its parent group, both of them set at different levels?
  • FIG
    The European Commission has a very important decision to take by June 30 for the covered bond market and by extension, European banks.
  • FIG
    Russian banks would do well to follow the example the Turkish banks set this year in the MTN market.
  • The Swiss bank’s new-look FIG team has confounded the sceptics, writes David Rothnie.
  • FIG
    Some market participants are concerned that the European Central Bank’s asset quality review (AQR) and subsequent European Banking Authority stress tests are going to hold back a eurozone recovery next year. Better that than the alternative.