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It was a big week for environmental, social and governance in the capital markets — aren't they all? But in the most recent developments, it is possible to detect a rise in the spiciness of the debate over what should and should not be acceptable.

In this round-up, China’s banking and insurance regulator sets rules on the sale of wealth management products, and Goldman Sachs is finding fresh opportunities in the Mainland through a tie-up with its largest lender.

Inside the office of Spondoolicks Emerging Market Bond Fund, May 24.

The life of the Libor will soon be over. But banks have still not found an effective way to communicate the urgency with which their European corporate clients must adapt or suffer the consequences.

KfW has one of the largest and most successful green bond issuance programmes in the market and now, with a new mandate from the Federal Government to help deliver ambitious climate goals, it is pushing ahead with a strategy that enshrines sustainable transformation as the Group’s primary strategic goal.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2021.

International loans from Chinese borrowers have gained pace, with a number of deals being launched into syndication recently. Liquidity is ample and bankers are confident of deal success — but some caution is essential.

Chile, Peru and Colombia — previously hailed by EM investors for orthodox economic policymaking — are under pressure amid social unrest and political polarisation. But as the upheaval whirls around them, their credit in the bank with bondholders, after years of impressive debt management, is a major asset.

Following the international outcry over the forced landing of a Ryanair passenger plane carrying a Belarusian dissident, some emerging markets investors are said to have had sudden doubts about the ESG characteristics of Belarusian sovereign bonds. What took them so long?

Hedge funds have taken a lot of heat for their role in inflating order books and flexing spreads, only to flip out and take profits at the first opportunity. But despite the awkward and at times antagonistic presence of such funds, issuers are coming to learn that they are probably better off having them in the order book than not.

GlobalCapital will be revealing the winners of its Bond Awards on Wednesday June 16 at 3pm London time (4pm CEST, 10am in New York).

Active management, structural protections and refinancing have aided the resilience of collateralised loan obligations amid a challenging period for structured finance. The increasing embrace of environmental, social and governance factors in CLOs could aid the market’s recovery and future growth, says Ocorian’s Nick Bland, head of UK client services, and Kareem Robinson, client director.