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Monopolies are bad — but not in market infrastructure. Want to clear interest rate swaps? Do it at LCH. Want to trade UK equities? You’ll want access to LSE. These institutions have pricing power, but enable network effects which make markets function better.

Even if Napoleon probably didn’t say that he’d rather have lucky generals than good ones, it's a solid point and one that works just as well for bank chief executives. By that metric, Deutsche Bank’s John Cryan does not measure up. Still, he deserves longer to prove himself.

Aviva’s preference share debacle shows that there is more to capital management than getting one over on your investors.

The increasingly fickle and protectionist nature of the Trump administration is a new factor for IPO sellers to consider as they prepare for a busy window after Easter. Issuers may have to compromise, or risk their deals being pulled.

African Development Bank has just pipped KfW to take the highest scoring deal of the week on BondMarker, with a dollar benchmark that won the supranational its biggest ever book.

GlobalCapital's High Yield Bond Awards Poll closes tomorrow. Whether you are an issuer or an underwriter, an investment fund manager, corporate financial adviser or a specialist lawyer, your vote counts.

The first green loans from Asia have finally emerged. It is about time. For the sustainable financing market to move to the next level in the region, it is crucial that borrowers, bankers and regulators stop limiting their attention only to the bond market.

The head of the banking watchdog keeps his job after merger with insurance regulator, officials waive taxes on RMB-denominated oil futures for international brokers and investors, and Fitch says it is maintaining China’s sovereign rating thanks to positive growth and debt trends.

It is hard to describe the enormous changes that have taken place in Asia over the last three decades. The startling transformation of China, the rise of a regional trading bloc in Southeast Asia and a series of local, regional and global financial crises have completely altered Asia’s economic landscape.

There was a time when Asia’s dollar bond market was just a sideshow to the global market, offering little in the way of excitement, sophistication or innovation. How times change, as Rashmi Kumar finds out.

Asia’s loan market has seen big shifts over the past three decades, with regional banks competing head-on with international lenders and the institutional market gathering pace. But some key ingredients are still missing, writes Rashmi Kumar.

Asian investors’ rise to dominance has caused a repricing across the region’s capital markets, and raised questions about just where US and European deals should price. How much further can regional liquidity rise in importance? GlobalCapital Asia finds out.