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Six major dealer banks have signed up to DTTC-Euroclear GlobalCollateral’s collateral settlement proposition as the initiative moves beyond pilot phase.

The Turkish lira has suffered heavy losses against the dollar, falling to its weakest level since October 2018 and shaking market participants’ confidence in the ability of the country's borrowers to access the market.

Banks have pumped $1.9tr into fossil fuel financing since the Paris Agreement was signed, according to a new report. This is despite the widespread push from investors and shareholders for a greener approach to funding business.

Debt capital market officials are curious to see whether financial institutions bond investors are prepared to welcome deals from rarer and smaller names, after the boom in supply in March.

The European Council and Parliament signed a deal last week regarding the bloc’s financial supervisors. The European Banking Authority was set to receive new anti-money laundering (AML) responsibilities, but member states blocked some attempts to centralise supervisory powers.

UK financial institutions piled into the credit markets this week, despite the fact that the UK could be a week away from leaving the EU and its politicians have still not agreed on a course for withdrawal. They may have been just in time, with panic building around the risk of a ‘no-deal’ Brexit.

Swiss franc investors leapt headlong into the Brexit turbulence on Thursday morning, giving a solid reception to the first Swissie deal of the year from a UK corporate borrower.

Royal Bank of Scotland brought a new holding company level transaction in front of sterling investors on Thursday, as market participants remain confused about the outcome of Brexit a week ahead of the UK’s scheduled date of departure from the EU.

The Republic of Turkey is returning to the bond markets for the fourth time this year with a dollar tap of the $2bn 7.625% 2029s it sold in January, continuing to front load for its $8bn 2019 funding target.

Qatar Islamic Bank has launched its $750m five year benchmark sukuk at 150bp over mid-swaps.

It has been a good week for Latin American issuers in Swissies, with two banks from the region taking Sfr400m ($398m) out of the market on Tuesday and Wednesday, bringing total issuance from the region for the year up to Sfr875m.

Two emerging market borrowers familiar to investors returned to the Swiss franc market this week, injecting some geographical diversity into the sector.