North America
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Yankee and Wall Street banks led a surge in FIG supply in dollars this week, grabbing the chance to exploit improving market conditions. -
Corporate bond issuers enjoyed tighter spreads and strong order books amid an improvement in issuance conditions as they jumped back into the dollar market this week.
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Cryptocurrency regulation won't be harmonised across jurisdictions, said two panellists at a Futures Industry Association conference in London this week.
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Puxin and VCredit Holdings, both of which launched IPOs earlier this week, were covered on their first day of bookbuilding.
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As banks struggle with tracking brokerage costs, they need to work out ways to properly manage cost transparency by normalising their trade data.
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Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators and arrangements in crisis situations.
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Larry Thompson, vice-chairman of the Depository Trust & Clearing Corp, on Tuesday suggested that populist rhetoric in the US might be overshadowing President Trump's strong choices of leaders in independent financial oversight agencies.
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New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning an IPO in the US worth as much as $200m.
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The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.
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Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.
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BB&T was the sole benchmark investment grade borrower to brave the dollar market in a week when political instability slammed the brakes on supply.
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Royal Bank of Canada followed Toronto Dominion into the sterling covered bond market this week, pricing its first deal of the year at the same spread as its peer. Given a relatively high number of covered bond redemptions this year, RBC could well return.
