-
Germany introduced strict bank restructuring legislation at the end of 2010. Failing to use it when the need arises would set a poor example to the rest of Europe.
-
The bankruptcy of Amagerbanken might appear at first glance to be a minor local issue. But investors would be foolish to dismiss it merely as something rotten in the state of Denmark.
-
The UK Treasury is targeting banks’ balance sheets with an increase to its bank levy. But the banks still retain the right to pass the brunt of this and other regulation on to their corporate clients.
-
Spain is in danger of repeating the mistakes that Ireland made with its banking sector last year.
-
The euro market for senior unsecured bank debt may be slowly improving, but wholesale funding is still challenging for many who need it.
-
By backtracking on its proposals to reform its swap counterparty requirements for covered bonds, Standard and Poor's has undermined its own efforts to tackle an area of legitimate concern. Whatever it does now, its credibility will take a knock.
-
True to form, Rabobank is testing the waters with a new structure for hybrid tier ones. The deal is a special case, but it needn’t remain so. It is time for others to take the plunge.
-
A regulatory barrage and worsening conditions mean that the senior FIG debt market is suffering. It may not recover for a very long time.
-
Ratings-driven investment isn’t exactly flavour of the month, but with 70%-80% of the covered bond market going on CreditWatch Negative next Monday, price action ought to be a little more exciting.
-
It is not too late for Ireland to follow the UK path to bank resolution, formulated in the wake of the rescue of Northern Rock.