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There are worrying signs in the way Banca Monte dei Paschi di Siena’s tier twos have traded after UniCredit signalled its interest in the bank. -
The Bank of England looks set to wrap up a review of the minimum requirements for own funds and eligible liabilities (MREL) without reconsidering its total asset threshold. That would be a mistake.
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Communication is the only real policy tool where the European Central Bank still has wiggle room.
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Borrowers should be encouraged by the recent performance in credit, which has held rock steady amid rising uncertainty.
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The recent floods in Europe should be sounding alarm bells for the insurance industry. With events like these on the rise thanks to global warming, insurers facing compounding losses should look to catastrophe bonds as an alternative to costly reinsurance.
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The build-up of court cases during the pandemic has rendered the investment profile of mortgage performance — a key metric for structured finance investors — ever more difficult to predict.
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Is finance about to break out of the cocoon in which it has pupated for decades, and become a completely different life form?
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The European Commission launched on Tuesday a second big wave of regulation that will soon be controlling more aspects of sustainable finance more tightly. There is a tendency to think anything with the word “sustainable” attached to it is good. But capital markets specialists must ask themselves: will the regulations be helpful?
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Banks that have access to diverse pockets of demand will be far better equipped to deal with any contraction in central bank liquidity, which could occur if high inflation spooks policy makers and markets.
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Accusations of greenwashing have been infrequent in the 14 year old green bond market, which mainly sticks to uncontroversial assets, such as renewable energy and railways. The sustainability-linked bond market is only a toddler, but already a much more difficult child. No wonder: it is handling tougher material.
