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Brexit has been a slow-burning problem for the City of London, but burning it is. Financial markets are regulated. With worse access to Europe, the UK must make itself attractive to financial firms in other ways. -
There has been much fiercer competition for attention between banks and corporates in 2018, but things could get a whole lot worse in the second half of the year.
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With Lloyd Blankfein, arguably Wall Street’s most successful CEO, stepping down, Goldman Sachs is ready to face up to a new challenge. Fortunately for David Solomon, his replacement, the bank’s unique model is working properly again.
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The insurance industry may be well established in developed countries, but protection against disasters remains patchy. Helping the resilience of entities trying to bridge this gap is a way for socially responsible investors to show their worth.
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Additional tier one will not die out in Europe if governments remove tax deductions on interest payments, but the latest debate about their fiscal status shines another light on an asset class in a state of confusion.
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It shouldn't be unreasonable to dream of a full disclosure of minimum requirements for own funds and eligible liabilities (MREL) for EU banks.
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A huge push is on to get capital markets to face up to climate change and start pricing in the risks. But there is a paradox: the more they get priced in, the harder it will get for those most vulnerable.
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Look past the investor disputes, the non-performing assets and the triple-C rating. A risky form of debt in one of Europe’s most troubled banks might just be a screaming buy opportunity.
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The Asian bond market has had a volatile quarter, with new dollar issues struggling in primary and notes underperforming in the secondary market. It may be tempting to cut corners, but there is no room for shoddy market practices.
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DNB Boligkreditt showed this week that borrowers have a very good incentive to consider issuing green covered bonds, especially now that the European Central Bank has signalled its intention to reduce net buying of assets under the Covered Bond Purchase Programme (CBPP3) to zero by December.
