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The eagerly awaited European 'Covered Bond Directive' was supposed to ring-fence the quality of covered bonds by clearly defining the assets that are eligible for the cover pool. But the proposal risks diluting the quality of the product.
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The European Central Bank’s plans to press on with non-performing loan (NPL) reduction may be necessary, but in the wake of the Italian election, they could be the spark to ignite a political firestorm. -
China may be one of the world’s largest green bond markets, but its issuer base offshore has only seen limited growth. The market regulator may want to pick up cues from the development of its domestic green debt market to boost international issuance.
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UBS’s new head of corporate client solutions in EMEA believes the bank can weather any downturn in FIG revenues and make the running in M&A, writes David Rothnie.
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Disallowing the use of senior bail-in debt as collateral at the ECB has alarmed some parts of the market — but discouraging banks from buying other banks' debt should be applauded.
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Albaraka Turk scored a solid first last week when it issued Turkey’s first Basel III compliant additional tier one bond, but while this marks progress, it will take one of the country’s larger banks to establish a true benchmark.
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Central banks have been tweaking and improving their stress testing models in recent years. But these schemes are already long overdue using a climate risk scenario.
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Following an €8.1bn state bail-out, Banca Monte dei Paschi di Siena still has its work cut out in putting ticks in the boxes of its 2021 restructuring plan.
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Protecting retail investors is a laudable goal. But what they are protected from often seems arbitrary.
