-
DBS managed to surprise much of the market last week when it picked dollars for the first covered bond issue out of Singapore. If the Lion City is serious about establishing a covered bond market, euros need to be the currency of choice. -
The secondary market has become irrelevant for pricing covered bonds. Spreads only reflect the level at which the eurosystem is willing to buy at, and not the rest of the market. It is the strongest signal yet of the disruption the European Central Bank's purchasing is causing.
-
Credit Suisse’s new CEO has signalled a commitment to the bank's corporate finance business. But he will need to invest in it, writes David Rothnie.
-
Global finance needs global regulation. Everyone acknowledges it, but everyone ignores it.
-
Love it or hate it, banking is here to stay. But banks in their current incarnation are clearly not. The banking industry is undergoing a radical overhaul, driven by powerful intrinsic and extrinsic factors.
-
The UK’s conduct regulator may have lost its boss, but it’s still going from strength to strength, despite having less reason than ever before to exist at all.
-
Investors have been complaining about a lack of harmonisation across bank capital products for years. But with new loss-absorbency rules putting it more at risk than ever, they appear to have fallen silent.
-
Investors have been complaining about a lack of harmonisation across bank capital products for years. But with new loss-absorbency rules putting it more at risk than ever, they appear to have fallen silent.
-
Before the days of miniaturised electronics, coal miners would use a canary in a cage as an early warning system. If a tunnel was filling with carbon monoxide, the bird would die before the miners, leaving them time to get out.
-
New issue concessions of 50bp drew snorts of derision from some corners of the FIG market last week, but with Greece sending shivers down investors’ spines, the banks that paid up early may have the last laugh.
