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The European Central Bank will face a dilemma when it embarks on its third covered bond purchase programme, which will probably start on Wednesday. Either the central bank buys covered bonds aggressively, something that it has vowed not to do, or it will fail to meet its own target for expanding its balance sheet.

European investment banks, if you ask them, are having a rough time. Giant fines for breaking extraterritorial rules, bewildering and overlapping regulation that never quite matches up with international standards, and capital standards that seem calibrated to banks that have already sold their mortgage books. But hang in there. Capital markets union is coming.

Don’t switch off. Ebola may not have hit your P&L yet, but it’s going to, soon, and hard, whatever your job is. And look at the charts. The logic is inexorable: the longer we take to overcome the disease, the worse the cost will be – for the global economy and in human life. This is not about a few percentage points of GDP. Modern civilisation itself is at risk.

Alibaba’s record breaking $25bn IPO was supposed to be the trigger that dispelled investor fears about Asian technology companies and opened to door to future listings. But as the volatility in such stocks has shown, investor sentiment in the sector is subject to wild swings. And that is hurting the IPO pipeline.

A grim secondary performance by Goldman Sachs’ debut sukuk has made it a soft target for anyone who holds that the Islamic market is not ready for such non-halal borrowers. But despite the performance, Goldman's sukuk will be remembered as the issuer which debunked the market purists' defences

ADB president Takehiko Nakao has devised an innovative plan to treble the bank’s resources to meet infrastructure needs without risking its AAA credit rating, writes Anthony Rowley of Emerging Markets, a sister publication of Asiamoney.

In an exclusive interview with Emerging Markets, a sister publication of Asiamoney, Bank of Japan governor Haruhiko Kuroda insisted the policies of Abenomics were working, not hurting, and defended the ways the world’s big four central banks were operating monetary policy, writes Anthony Rowley.

China is keen to step up the pace of internationalising the renminbi - and European governments are keen to help. France is preparing to issue a renminbi bond, three banking sources have told Emerging Markets, a sister publication of GlobalRMB. Luxembourg is also considering a deal, one said.

The UK is gearing up to become the first government, apart from China, to sell a renminbi bond, in a deal that could come as soon as next week and be worth Rmb2bn.

Falling commodity prices have hurt Mongolia’s economy, which relies heavily on its abundant natural resources. Improving relations with China are helping it through the squeeze but the country has yet to show its true potential to global investors

Bank debt issuance across Asia is soaring this year, driven by the need to comply with Basel III regulations. Fresh impetus from China is set to send volumes higher still

The head of the Asian Development Bank yesterday insisted that he was not “scared, threatened or cornered” by the emergence of a slew of new infrastructure banks and alliances that are springing up around the world.