People & Markets - All articles

  • Deutsche's investment bank makes almost €1bn, again

    Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.

    • 28 Oct 2020
  • JP Morgan appoints new Apac ECM head

    JP Morgan has rejigged the leadership of its Asia Pacific capital markets businesses, promoting Francesco Lavatelli to the helm of the ECM team.

    • 28 Oct 2020
  • China lays groundwork for more climate financing, investment

    China’s ecological and financial regulators have jointly published guidelines around climate change-related financing and investment.

    • 28 Oct 2020
  • ECB can't pick and choose, even for the environment

    An ESG think tank believes that the European Central Bank should drop Alberta’s euro bonds from its list of eligible marketable assets as a punishment for its support for polluting industries. But while it is a laudable aim, it is not practicable.

    • 27 Oct 2020
  • Credit business shines as HSBC vows to speed up change

    HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.

    • 27 Oct 2020
  • Deutsche adds to Apac ESG team

    Deutsche Bank has grown its environmental, social and governance (ESG) team in Asia Pacific with a new hire.

    • 27 Oct 2020
  • BCS hires former Sberbank tech officer to lead IB operations

    BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.

    • 26 Oct 2020
  • Tax rethink will completely change Swiss bond 'side dish', says departing veteran Ronald Hinterkircher

    Ronald Hinterkircher, who is retiring from the Swiss franc bond market after a 40 year career, has told GlobalCapital that digitalisation and the possible removal of the withholding tax for foreign investors could change the market over the next few years. But with the European Central Bank propping up the euro bond market, arbitrage opportunities for international companies in Swiss francs are vanishingly slim.

    • 26 Oct 2020
  • Covid-19 equity raises could be subject of litigation

    Companies raising equity in the UK this year — amid a very uncertain outlook for business prospects — may risk opening themselves up to claims related to the information they disclose or do not disclose, according to lawyers at Herbert Smith Freehills.

    • 26 Oct 2020
  • PrimaryBid completes $50m private raise amid retail equity surge

    PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, has completed a $50m Series B financing round to expand its international business.

    • 26 Oct 2020
  • P&M Notebook: scorecards out for Barclays and UBS

    UBS enjoyed a successful third quarter for debt capital markets, its results last week showed, as it racked up 63% more in revenue than in the third quarter of 2019, according to GlobalCapital's estimate.

    • 26 Oct 2020
  • Green CSPP, digital banks and negative rates, UK finance after Brexit

    This week in Keeping Tabs: how the European Central Bank could decarbonise its corporate bond book, how digital banks would suffer if the Bank of England goes negative, and what UK financial services policy could look like after Brexit.

    • 23 Oct 2020
  • Markets expect EBA guidance will force action on legacy bank capital

    European banks could be set for a wave of calls and tenders on legacy debt instruments, after the European Banking Authority demanded a clean-up this week. Action may not be immediate, however, with markets still seeking clarity on a number of key issues.

    • 23 Oct 2020
  • Barclays boasts of share gains in markets

    Barclays enjoyed a record quarter in equities, but in its advisory and equity capital markets it lagged behind competitors, it showed in third quarter results on Friday.

    • 23 Oct 2020
  • China policy and markets round-up: Fiscal revenue returns to growth, Sweden bans Huawei, S&P expands to exchange bond market

    In this round-up, China’s fiscal revenue growth turns positive in the third quarter, Sweden becomes the latest to ban Huawei Technologies from its 5G plan, and S&P Global Ratings’ onshore unit secures a licence to rate domestic bonds in the exchange market.

    • 23 Oct 2020
  • HSBC nabs Citi veteran Keefe

    HSBC has poached a senior banker from Citi to run banking in its Americas business.

    • 23 Oct 2020
  • Science-based targets could help banks wrestling with climate risk

    UK banks and building societies are struggling with difficult aspects of incorporating climate change into their risk management, as demanded by the regulator, a PwC survey has found. The answer to some of their problems could be a non-risk initiative: science-based targets.

    • 22 Oct 2020
  • UK moves early to dispel fears about bank capital buffers

    Markets rejoiced this week after the Bank of England proposed policy changes that will make it harder for UK lenders to run into automatic restrictions on their additional tier one coupons and equity dividends. The move was seen as a way of addressing concern about ‘buffer usability’, which has come to the fore during the Covid-19 pandemic.

    • 22 Oct 2020
  • CFTC and BoE tie up clearing agreement

    The US Commodity Futures Trading Commission and the Bank of England signed a memorandum of understanding on Tuesday regarding the oversight of derivatives clearing.

    • 22 Oct 2020
  • Upstart broker rocks up in Schuldschein to spur secondary trading

    The secondary market in Schuldscheine is rudimentary, partly as the arranging banks have never wanted to encourage it. But a little known brokerage firm is quietly acting as a go-between, helped by its contacts with non-traditional investors, writes Silas Brown.

    • 22 Oct 2020
  • People moves in brief

    Makinson Cowell joins Lazard — Vikas Seth moves into vice-chairman role at HSBC — Fernando Vicario picked as CEO of BofA's EU bank

    • 22 Oct 2020
  • Meissner takes charge of Credit Suisse’s new ‘A-team’

    Christian Meissner has an exciting new position at Credit Suisse. But how far can he improve the Swiss bank’s offering to wealth management clients while also handling its culture, asks David Rothnie.

    • 22 Oct 2020
  • Updated: HK regulator fines Goldman $350m for 1MDB failures

    Hong Kong’s securities watchdog has fined Goldman Sachs $350m for regulatory failures in its work on bonds issued by the scandal-hit Malaysian state investment fund 1MDB, part of a multi-billion-dollar settlement with global regulators.

    • 22 Oct 2020
  • Advisory shop moves over from KPMG to Lazard

    Makinson Cowell, a company that advises on equity capital markets and investor relations, has joined Lazard, in a move that the investment bank says strengthens its UK financial advisory business.

    • 22 Oct 2020
  • ESM’s pandemic credit lines ‘will be used’ says CFO

    The European Stability Mechanism’s Pandemic Crisis Support credit lines will eventually be drawn on by euro area member states, according to the institution’s chief financial officer, Kalin Anev Janse.

    • 22 Oct 2020
  • EM banker Seth joins HSBC

    HSBC has hired Vikas Seth for a vice-chairman position, where he will be tasked with serving the firm's emerging markets clients.

    • 21 Oct 2020
  • CCP Sofr switch gives needed boost to Libor move

    The transition from Ibor benchmarks passed a major milestone this week, when LCH joined CME in switching its discounting rate for dollar referencing derivatives from the Fed Funds Rate to Sofr.

    • 21 Oct 2020
  • Bank of America switches leadership at new EU bank

    Bank of America has appointed Fernando Vicario as chief executive of its EU bank, replacing Bruce Thompson, who worked to establish the new entity ahead of Brexit. It has also given new roles to Richard King and Simeon Stevens.

    • 21 Oct 2020
  • BoE to ease MDA rules for UK banks

    The Bank of England said this week that it would loosen some of the rules around the maximum distributable amount for UK banks after Brexit, making it harder for them to trigger restrictions on their additional tier one (AT1) coupons and equity dividends.

    • 21 Oct 2020
  • EBA looks to halt 'infection risk' on legacy capital

    Much of European rule making in wider society has been about preventing infection spreading to the elderly of late. But the European Banking Authority has instead weighed in on the "infection risk" that stems from grandfathered securities.

    • 21 Oct 2020
  • ECB laments lack of CCy cap before Covid

    The European Central Bank said this week that it thought a stronger role for countercyclical capital buffers would be key in making sure that banks use their available resources to boost lending in times of crisis.

    • 20 Oct 2020
  • UBS IB benefits from leveraged capital markets, IP sale

    UBS's investment bank beat analyst consensus as capital markets revenue was up sharply year-on-year, while a sale of intellectual property rights resulted in a one-off gain, the bank showed in third quarter results on Tuesday.

    • 20 Oct 2020
  • China streamlines credit ABS registration

    China has announced a new registration system for credit asset-backed securitization (ABS), cutting the time it will take bankers and their clients to bring new deals to the market.

    • 20 Oct 2020
  • ANZ promotes Corrin to corporate finance head

    Veteran loans banker John Corrin has been promoted to head of corporate finance, international, at ANZ, a newly created position that will give him oversight of a larger business.

    • 20 Oct 2020
  • EU's green bond issuance risks 'falling short'

    The EU's plan to issue large volumes of green bonds as part of its recovery plan will shape that market, but it also risks undermining it due to a discrepancy as to what what counts as green, according to two experts.

    • 19 Oct 2020
  • UK to ditch MREL MDA after Brexit

    The UK government has said that banks will still be able to make investor distributions if they fall below their minimum requirements for own funds and eligible liabilities (MREL) after Brexit — in an early of sign of divergence from the EU rulebook.

    • 19 Oct 2020
  • China revamps 25-year-old commercial bank law

    China has unveiled major revisions to its law governing commercial banks, with the changes set to help strengthen corporate governance and the risk disposal mechanism of domestic lenders.

    • 19 Oct 2020
  • SocGen appoints Apac sustainable finance head

    Société Générale has appointed Yasmine Djeddai as head of sustainable finance for Asia Pacific, a newly created position set up to leverage opportunities around environmental, social and governance-related financing in the region.

    • 19 Oct 2020
  • From Deutsche Bank to the world

    Japanese giant MUFG is freshening up its global capital markets business, with a couple of senior new hires. It has poached one of them from Deutsche Bank, some of whose alumni are corralling their efforts for a capital markets advisory business.

    • 19 Oct 2020
  • The week in review: China’s economic recovery continues, Beijing rolls out export control law, revamps commercial bank law

    In this round-up, China's economic rebound strengthens in the third quarter, the country’s legislature passes a new law on export control to protect sensitive technology, and the law governing commercial banks faces major revisions.

    • 19 Oct 2020
  • HSBC financed climate laggards weeks before net zero target

    HSBC provided $1.8bn of financing to high carbon companies including Kepco, which is developing new coal plants, in just five deals in the past four months, as it prepared to announce its “net zero ambition” on October 9, an NGO has alleged.

    • 16 Oct 2020
  • EIB boosts SRT investment commitment by €1bn

    The newly established European Guarantee Fund has greenlit a further €1bn lending for risk sharing products, allowing the EIB to continue investing in significant risk transfer (SRT) transactions to support European SMEs.

    • 16 Oct 2020
  • Panmure Gordon hires Shields for real estate

    Philip Shields is joining Panmure Gordon's investment banking team to lead real estate.

    • 16 Oct 2020
  • MUFG hires levfin banker to lead capital markets

    JP Morgan's Raj Kapadia has joined MUFG as international head of capital markets, as the firm increases its leveraged finance focus. It has also set up a new group to advise clients at the C-suite level on market and macroeconomic developments, led by Tom Joyce, a hire from Deutsche Bank.

    • 16 Oct 2020
  • Perkins and Wilson take Citi clearing reins after Kemp departure

    Citi has appointed Christopher Perkins and Sabrina Wilson as global co-heads of its futures, OTC clearing and FX prime brokerage business, following Jerome Kemp’s retirement from the industry.

    • 16 Oct 2020
  • A poor score, the pain in Spain and what will happen if Trump is dumped

    This week Keeping Tabs brings you thoughts on the inadequacies of ESG data, the US election and why Spain is in such a bind.

    • 16 Oct 2020
  • China policy and markets round-up: CPI inflation slows, September import growth surprises, US mulls sanctions on Ant Group

    In this round-up, China’s September inflation data disappoints, import volume beats expectations by a large margin, and Ant Group might be added to the trade blacklist by the US ahead of its jumbo IPO.

    • 16 Oct 2020
  • ISDA fallback boost gives needed spur to Ibor transiton

    The International Swaps and Derivatives Association broke ground earlier this month in Libor transition when it the US Department of Justice approved its derivatives fallbacks. Market participants now face a busy few weeks working out if the protocol fits their differing needs.

    • 15 Oct 2020
  • Short vol opportunities open up amid US options swings

    Amid heavy options trading activity ahead of a US election that most market participants expect to be bitterly contested and drawn out, opportunities are opening up to play the short volatility position that had proven so popular before the pandemic.

    • 15 Oct 2020
  • ECM powers US bank gains

    The leading US investment banks raked in fees from equity origination in the third quarter, with Goldman Sachs, Morgan Stanley and Bank of America all doubling their ECM revenues year-on-year.

    • 15 Oct 2020
  • C-PACE lender bolsters New York team to support growing demand

    Petros PACE Finance, a commercial property-assessed clean energy lender, added Jerry Ellis to the business development team in its New York office. The move comes ahead of New York's expected approval of the C-PACE bill, enabling commercial property owners to tap PACE financing for new construction projects.

    • 15 Oct 2020
  • People news in brief

    Credit Suisse appoints Bank of America's former investment bank boss Christian Meissner — Barclays hires Gauthier Le Milon

    • 15 Oct 2020
  • Tasty Spacs whet banks' appetites

    Despite a year of turmoil, many bankers have a spring in their step, writes David Rothnie. They are rushing to get involved in the boom in special purpose acquisition companies (Spacs).

    • 15 Oct 2020
  • Fitch Bohua assigns first Chinese domestic rating but foreign agencies face road bumps

    Fitch Rating’s China arm, Fitch (China) Bohua Credit Ratings, assigned its first domestic rating five months after securing a licence in the world’s second largest bond market. But international agencies still face plenty of hurdles to growing their businesses onshore, writes Addison Gong.

    • 15 Oct 2020
  • Wohlin brings Deutsche band back together with virtual push

    The former head of global debt capital markets origination at Deutsche Bank has linked up with 40 of his former colleagues to form a capital markets advisory firm very much in the spirit of the times — as a network that operates online — as the coronavirus pandemic forces a rethink of traditional investment banking models.

    • 15 Oct 2020
  • Nearwater sets up third US Treasury conduit with Barclays

    Nearwater Liquid Markets has set up a third ABCP conduit which will buy only US Treasuries, repoing them with Barclays, in a move that would help the UK-based bank manage its access to high quality collateral. The new vehicle joins existing structures Nearwater has set up with BNP Paribas and with JP Morgan.

    • 14 Oct 2020
  • Former Italian finance chief Padoan selected as next UniCredit chair

    UniCredit has picked Pier Carlo Padoan as chairman designate.

    • 14 Oct 2020
  • Meissner resurfaces at Credit Suisse

    Credit Suisse has hired Bank of America's former investment bank boss Christian Meissner to link its wealth management business with the investment bank.

    • 14 Oct 2020
  • M&A banker Le Milon jumps to Barclays

    Barclays has hired Gauthier Le Milon as head of M&A for France, Belgium and Luxembourg.

    • 14 Oct 2020
  • Putting the 'K' in capital markets

    The coronavirus crisis will continue to lead to divergence in economic fortunes, and that will play out in European capital markets as well.

    • 13 Oct 2020
  • Regulator details Luckin fine for false advertising

    China’s State Administration for Market Regulation (Samr) has imposed a Rmb2m ($298,000) fine on each of Luckin Coffee’s two main operating entities in China and three other companies, the highest possible penalty under the country’s competition law.

    • 13 Oct 2020
  • Fitch Bohua debuts Chinese domestic rating

    Fitch Rating’s China arm, Fitch (China) Bohua Credit Ratings, assigned its first domestic rating this week, five months after securing a licence in the world’s second largest bond market.

    • 13 Oct 2020
  • BNPP names new Asia Pacific head

    Paul Yang is set to take over as head of Asia Pacific at BNP Paribas, succeeding veteran banker Eric Raynaud, who will retire at the end of the year.

    • 13 Oct 2020
  • ECB's Vansteenkiste engages with green TLTRO idea

    The European Central Bank's Isabel Vansteenkiste welcomed a proposal for green Targeted Longer-Term Refinancing Operations (TLTROs) on Monday, but talked through what she saw as some concerns with the idea.

    • 12 Oct 2020
  • FCA warns on insider information

    Julia Hoggett, director of market oversight at the Financial Conduct Authority, said that market participants need to be careful about insider information, and that companies should be overseeing staff use of private devices at a time when many are working from home.

    • 12 Oct 2020
  • P&M Notebook: should he Stay-ley or should he go?

    What does the recent management shake-up at Barclays' investment bank mean?

    • 12 Oct 2020
  • The week in review: Beijing vows to reduce financial crime, Shenzhen eyes more foreign capital, StanChart applies for securities licence

    In this round-up, China wants to improve the quality of domestic listed firms to cut down financial crime, Shenzhen opens the door for increased foreign inflows for the next five years, and Standard Chartered applies to the securities regulator to set up a securities firm onshore.

    • 12 Oct 2020
  • TP ICAP prepares for fixed income push with Liquidnet buy

    Interdealer broking giant TP ICAP has advanced further into buy-side revenue streams, with specific plans to target fixed income markets, as it clinched its acquisition of trading platform provider Liquidnet for an initial $575m last Friday.

    • 09 Oct 2020
  • Vending machines, ETF design, Matt Levine

    This week in Keeping Tabs: ETFs during the market meltdown and the economics of vending machines.

    • 09 Oct 2020
  • Euronext preps equity sale to fund Borsa Italiana deal

    Euronext is preparing for a €2.4bn equity raise after it agreed a deal with London Stock Exchange Group for the Borsa Italiana.

    • 09 Oct 2020
  • 'China is a paper tiger,' says Kyle Bass, Hayman Capital Management

    Kyle Bass, made famous by shorting the US housing market in the run up to the financial crisis, has told GlobalCapital that the Chinese state is a paper tiger on the road to collapse. The Texan, who has been on a fierce campaign against the Chinese Communist Party for years now, says that US politicians are finally catching up with his position.

    • 09 Oct 2020
  • China policy and markets round-up: Beijing joins WHO-led vaccine initiative, September forex reserves drop, Trump resumes China Covid blame

    In this round-up, China joins an initiative backed by the World Health Organization for fair global access to Covid-19 vaccines, the country’s foreign exchange reserves slide, and US president Donald Trump continues blaming Beijing for causing the pandemic.

    • 09 Oct 2020
  • BoCom HK adds Yip to loans team

    Bank of Communications has hired Raymond Yip to its loans team in Hong Kong.

    • 09 Oct 2020
  • Clearstream, LuxSE want Origin to explore end-to-end debt process

    Origin, a fintech firm involved in the bond issuance process, has raised Series A capital from Deutsche Börse's Clearstream and the Luxembourg Stock Exchange. The two investors said they want to automate the Eurobond issuance process from origination to settlement.

    • 08 Oct 2020
  • Clash at top of EU over ABS threatens market revival

    The European Commission is facing pushback from the European Parliament over it turning to synthetic securitization — a market that still echoes the 2008 crisis for many legislators — to boost the ABS market and repair Europe’s economy in the aftermath of Covid-19. Tom Brown reports.

    • 08 Oct 2020
  • People news in brief

    ESM's Ruhl seconded to European Commission — Hinterkircher to retire — JP Morgan offers front office investment banking apprenticeships

    • 08 Oct 2020
  • Staley picks top allies for investment bank leadership

    A top-level reshuffle suggests that Barclays chief executive Jes Staley is not going anywhere, but raises fresh questions about whether the bank’s top-five ambitions are achievable, writes David Rothnie.

    • 08 Oct 2020
  • Germany nears revamped restructuring rules

    Germany is set to implement a total revamp of its corporate restructuring rules from next year, with a draft bill overhauling a court-led regime more than 25 years old and replacing it with rules law firm Kirkland & Ellis called ‘best practice’.

    • 08 Oct 2020
  • Market participants back Green+ Gilt proposal for sustainable Covid-19 recovery

    A group of some of the UK's biggest asset managers, professional bodies and banks are supporting a proposal for an SRI-themed UK sovereign debt product to deliver environmental and social benefits as part of the country’s recovery from the pandemic.

    • 08 Oct 2020
  • SRB to allow ‘non-linear’ transition to MREL targets

    The Single Resolution Board (SRB) will not force all banks to make a linear progression towards their minimum requirements for own funds and eligible liabilities (MREL), in an effort to be more flexible during the Covid-19 pandemic. But financial institutions have still called on the authority this week to do more to prevent MREL from becoming a barrier to lending.

    • 08 Oct 2020
  • ESM’s head of funding to join Commission on secondment

    Siegfried Ruhl, the head of funding and investor relations at the European Stability Mechanism, will be seconded to the European Commission later this month as it gears up for its vast borrowing programme.

    • 08 Oct 2020
  • People news in brief: October 8, 2020

    Goldman picks Drayton as Asia IB co-head — Credit Suisse names new Japan IB chief — Li to retire early from HKEX — ANZ appoints Philippines head

    • 08 Oct 2020
  • Bankers balk at London bans for suspect foreign firms

    Suggestions that the UK government is considering a consultation process to give it the power to ban foreign firms from listing on the London Stock Exchange have horrified equity capital markets bankers.

    • 07 Oct 2020
  • Raiffeisen’s Hinterkircher to retire

    Ronald Hinterkircher, Raiffeisen Schweiz’s current co-head of capital markets in Zurich, is set to retire next month after over 40 years in the capital markets.

    • 07 Oct 2020
  • Return on equity disappeared in Q2, says ECB

    Euro area banks delivered 0% return on equity in the second quarter, according to new figures from the European Central Bank. The industry is grappling with a decline in income and a sharp surge in loan loss provisions amid the Covid-19 pandemic.

    • 07 Oct 2020
  • JP Morgan offers apprenticeships in DCM, ECM, M&A

    JP Morgan is opening up its front office investment banking desks to school leavers on its apprentice programme.

    • 07 Oct 2020
  • NatWest writes to thousands of corporates about Libor shift

    NatWest plans to contact around 3,500 of its corporate clients from Thursday to inform them about the end of Libor as a benchmark and what their options and next steps are, as a recent survey showed that the vast majority of companies have not made any tangible efforts towards moving debt facilities to risk-free rates.

    • 07 Oct 2020
  • Bedford Row hires criminologist as ESG lead

    Kevin Haines has joined non-bank originator Bedford Row Capital in order to establish ESG processes.

    • 07 Oct 2020
  • Credit Suisse makes key changes to Apac financing team

    Credit Suisse has made several senior changes to its financing group in Asia Pacific.

    • 07 Oct 2020
  • Tang proposals ‘fatal’ for synthetic STS

    Dutch MEP Paul Tang has laid out proposals to limit synthetic securitization's ability to achieve the STS label, which sources said could prove fatal to the project of bringing the preferential regulatory status to the risk transfer market.

    • 06 Oct 2020
  • Majority of companies haven’t started Libor transition prep

    Almost two thirds of companies are still unprepared for the transition away from Libor, as lenders in London say they are in “intensive” discussions with clients about the switch to risk free rates.

    • 06 Oct 2020
  • ESMA supports supervision of green bond raters

    Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), has said EU legislation covering green bond reviewers would help ensure the legitimacy of the proposed Green Bond Standard.

    • 05 Oct 2020
  • Meet the Platform: EU green finance watchdog

    The European Union’s formation of its Platform on Sustainable Finance last week marks a new phase in responsible investing. Over the past four years or so, the most influential thinkers in the market, such as the Principles for Responsible Investing, have been quietly moving back to an older interpretation of what RI means: considering the effects of investment choices on others.

    • 05 Oct 2020
  • Insider trading risk delayed ABS deals in early 2020

    Concerns around disclosure of mortgage forbearance figures and payment holidays led to deals scheduled for issuance earlier in 2020 being delayed to later in the year, as issuers feared securitization investors having access to information not widely disseminated to other investors.

    • 05 Oct 2020
  • Goldman taps Drayton as Asia IB co-head

    Goldman Sachs has appointed Iain Drayton as co-head of investment banking for Asia ex-Japan, according to an internal memo seen by GlobalCapital Asia.

    • 05 Oct 2020
  • Credit Suisse names new IB head for Japan

    Credit Suisse has appointed Ryuya Hishinuma to lead its investment banking and capital markets business in Japan, according to an internal memo.

    • 05 Oct 2020
  • The week in review: China plans TLAC rules for G-Sibs, September PMIs jump, Nafmii eases Panda sales

    In this round-up, China announces draft regulations for its global systemically important banks, both manufacturing and services activity expand in September, and the regulator for corporate Panda bonds releases details for easier issuance.

    • 05 Oct 2020
  • P&M Notebook: Europe’s grand plan for bonds ‘dies’

    The European Distribution of Debt Instruments (EDDI), the eurozone’s much hyped, all-singing and dancing, front-to-back bond market autobahn is, in the words of one of the senior people working on the project, “dead.”

    • 02 Oct 2020
  • Bondholders simmering, Brexit bubbling

    This week in Keeping Tabs: investment strategy in the age of quantitative easing and a possible Joe Biden presidency in the US, while in the UK, financial firms are still adjusting to Brexit.

    • 02 Oct 2020
  • Bold banks to set first Science-Based Targets

    The long-awaited Science-Based Targets standard for financial institutions has arrived. It is one of the most ambitious attempts so far to wrest the financial sector from its path towards climate destruction.

    • 01 Oct 2020