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For every step forward that the Masala bond market takes, it goes two steps backwards, with the Reserve Bank of India recently putting up barriers to keep high yield issuers out of offshore rupees. Cutting off low grade Masala issuance isn’t the worst thing to come out of the central bank’s announcement — the rules could also stifle investment grade deals.

Follow the VOTE NOW link to have your say in GlobalCapital's inaugural Sustainable and Responsible Capital Markets Poll. You have until Friday 14 July to cast your vote.

The green bond market will turn 10 next month amid claims that 2017 issuance will top $100bn. But how well do you know one of the capital markets’ greatest success stories? GlobalCapital invites you to show us just how green you are.

Technological change, regulatory pressure and competitive forces have combined to make for a fast-moving evolution in equity derivatives. The industry is becoming more automated, and more focused on high-value advice and intellectual property, writes Nick Jacob.

Both bond and share, and also neither, equity-linked debt has always been an acquired taste — for issuers and investors. As Jon Hay reports, it will probably remain a product that does special things for a few people. But big change may be coming in how the business operates, as electronic trading intrudes, potentially disrupting an already slimmed-down market.

Since 2008, interest rate derivatives, especially swaps, have undertaken an enormous migration into central clearing houses. As Ross Lancaster reports, that process is not over yet — there could be battles over where clearing takes place, and the maximum benefits from centralisation have still not been reached.

The single name CDS market might be a quiet backwater now but there is a fair wind blowing through other parts of the credit derivatives business. By Nick Jacob.

Public capital markets are not the only game in town — indeed, one of the most exciting growth areas is private debt financing. This suits issuers that don’t want to have to conform to the sometimes restrictive norms required in public markets — and investors that are eager to find an edge, such as by being paid to do credit work and buy illiquid paper. Silas Brown reports.

Few would have predicted that in the year following the election of Donald Trump, which was identified by all as a catastrophe for bond markets, the CEEMEA region would record its busiest year to date. But over and above volumes, the range of products and instruments on offer, from an increasingly wide range of issuers, shows the CEEMEA bond market is maturing nicely. By Virginia Furness.

With Argentina back in the fold, the growth of Latin America’s bond markets has been astounding, with high levels of issuance even as fundamentals have not been as strong. The next step in their evolution will be the development of local currency markets, with Mexico leading the way. By Oliver West.

In the depths of the financial crisis, the question of securitization’s comeback was not a matter of when, but if. Though the roots of the crisis could be traced back to the residential mortgage market, securitization was branded public enemy number one and took more than its fair share of blame. But nearly a decade later, ABS is booming, fuelled by investors’ hunt for yield in a low interest rate world. By Max Adams.

The fallout from the real estate-driven financial crisis has had a transformative effect on Europe’s residential mortgage-backed securities market. As the coffers of Europe’s banks swell with cheap central bank stimulus while real estate assets rally, private equity firms and private lenders are swooping into the capital markets to finance once-in-a-generation mortgage portfolio acquisitions. By David Bell.