-
Bund-ageddon may be striking fear into the hearts of traders and investors across Europe. On paper, the price moves are brutal but calm is called for.
-
The European Covered Bond Council has proposed a new generation of secured funding notes, halfway between covered bonds and securitizations. But getting them off the ground is still in the hands of the regulators.
-
No one likes to prove Jamie Dimon right. But if Thursday’s government bond sell-off in Europe proved anything, it is that investors should indeed have liquidity at the top of their list of concerns.
-
Everyone knows the City votes with its wallet, and a Labour government will cost its professionals dear. But the Conservatives threaten its very existence. -
Until recently, green covered bonds were always more of a theoretical discussion than one that had taken root. But they could be just what the central bank-oppressed market needs.
-
There are plenty of reasons to commend German legislators’ attempts to subordinate senior debt to other operating liabilities, but other lawmakers shouldn’t rush to follow their example.
-
Goldman Sachs reported quarterly results last week that were, by any measure, stellar. But some of the numbers look a little bit too special.
-
Covered bond yields and spreads are spiralling lower. The prospect that wafer thin margins grow thinner has led to a legitimate concern that a turning point in investor tolerance may follow.
-
Now that we’re eight years into the global financial crisis, isn’t it time that the lessons learned were transferred from bank risk management to other important areas? Basel III for the family, anyone?
-
The eurozone’s banking system is bloated, overpopulated and, from the point of view of lending, inert. It is a problem that can be fixed, but national authorities, too bogged down by national politics, aren’t the ones that are going to do it.
