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Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with stateside accounts, Chinese names should give up on US investors for now. -
Banking is a game with rules, and regulators set them. That’s why, when the chips are down, they can change them to make banks look better.
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By 2018, the European Commission will review the resolution directive that came into effect at the start of this year. In light of Italian banks’ recent struggles, maybe it's already time for a rethink.
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By 2018, the European Commission will review the resolution directive that came into effect at the start of this year. In light of Italian banks’ recent struggles, maybe it's already time for a rethink.
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Today’s capital regime for banks is the result of compromise and incrementalism. Hardly a surprise, but the result is unworkable. CFA-qualified, brain-on-a-stick analysts will breeze through a series of 3D Sudoku puzzles, yet struggle to understand the capital situation of a bank.
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As the banking industry’s painful readjustment continues, the first quarter’s awful market numbers show that big, diverse, universal banks, contrary to recent management mantras, actually do have an advantage.
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Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?
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Vakifbank’s debt euro Turkish covered bond is good for investors, good for emerging markets borrowers and good for the global economy. But the deal would probably never of happened without the intervention of the European Central Bank.
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South Korea’s regulators are widely expected to adopt new rules that force banks to sell perpetual additional tier one bonds, something that was prohibited until now. The move will push lenders to execute more expensive offshore capital raising and while the shift will improve the soundness of Korea’s banking system, it will take the market time to adjust to the new regime.
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Mario Draghi, European Central Bank president, is known for playing with his bazooka. Right now, it feels more like his Badedas. The capital markets are swimming in froth, as surely as if Draghi had doused them with revitalising bath goo.
