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Yapi Kredi chose to cancel a deal before settlement last week, following the attempt coup in Turkey, and a four point drop in the bond's price. The decision was wise and investor friendly, but it's not a new precedent in emerging markets.

Bank operational risk is a perfect example of how good intentions can lead to strange conclusions. Commerzbank on Tuesday showed just how bizarre the rules have become.

A clutch of loan deals have commitments due over the next week, as the market looks to allocate debt before the anticipated August slowdown.

An auction to settle credit default swaps referencing Portugal Telecom International Finance returned a low final price, but slightly higher than had been indicated by secondary bond and CDS levels despite greater physical settlement interest to sell.

Has everyone overdone the hand-wringing about the future of the fixed income trading business? The investment banks that reported results this week all managed decent numbers in their bonds and currencies businesses, thanks to record volumes associated with the UK referendum on membership of the European Union.

The vagueness of the new Market Abuse Regulation is causing MTN dealers headaches. Given that no one is sure exactly quite what will constitute private information, many banks risk adopting too strict an interpretation just to minimise compliance risk.

You get justice in the next world. In this one, you have the law, and in the case of the European Court of Justice’s judgement on state aid rules written in 2013, the law isn't very clear.

Moody’s has devised a systematic way to incorporate environmental risks into its ratings, and now offers special Green Bond Assessment grades. Michel Madelain, vice-chairman of Moody’s, tells Jon Hay green bonds cannot do all the heavy lifting for the green transition — conventional financing will have to help too.

The immediate post-Brexit result landscape looked like a daunting one for eurozone periphery issuers. But just under a month later, one could argue they have never had it so good.

Ah, summer. A time for relaxation and retreats to seaside holiday resorts for some quality time with the missus.

The Brics New Development Bank (NDB) executed a landmark trade on July 18, making its capital markets debut with a Rmb3bn ($450m) bond in China. But when even the authorities have trouble knowing whether to classifying it as green or Panda debt, it is clear the need for unambiguous and official bond regulation is long overdue.

India’s IPO market has been on a high recently as investors seek out new and interesting homes into which to park their money, and companies look to take advantage of the growing liquidity. The window for new deals is wide open but if issuers want to succeed, a pragmatic approach to valuations is needed.