Issues

UK government’s scrapping of top end tax cut not enough to make market attractive for issuance again

Huge shake up at Citi DCM includes several senior staff

Severe volatility stemming form the UK halts Yankee FIG issuance

• The way out of UK market disarray • Italian banks in a better state • Bring back the bonus cap, say bankers

Although buyers of securitized products largely say they are interested in the topic, the US market is still trying to figure how best to integrate ESG

Surpassing the successes of 2021 was always going to be difficult but, despite a challenging year, market participants are confident in the growth of the CLO market

Securitization's inherent complexity is allowing it to benefit rapidly from technological advances, but the blockchain dream is still a long way off in the industry

Best banks, issuers and deals of 2021 awarded at gala industry dinner in London

Investors want to apply ESG principles to ABS. They have one big advantage — the market’s data-intensive nature. Getting the right data is also the biggest obstacle

The UK's new regulatory freedom is, in theory, an opportunity to remove onerous regulations, but divergence from the European Union will bring complications for some deals, and it’s not clear whether the government is set to rewrite the rule book in favour of market development

The Significant Risk Transfer (SRT) market is set for growth but faces headwinds, principally in the form of Basel IV, which, while increasing the need to transfer risk, makes SRT a less efficient tool for doing so. Even so, growth seems likely as nascent markets develop, new assets are considered, and global regulators come to recognise the importance of SRT in managing bank capital and risk

It's hard to see the newly installed politicians in the UK backing down so soon in the job. So far they have been utterly deaf to criticism. Instead, it is likely the Bank will have to give away further ground. Bad for the Bank, and ultimately bad for the UK economy