Market News - All articles

  • Gallic influence to rise in EU's capital markets

    France and Germany will end up as the largest countries in the EU's capital markets after Brexit, including in primary equity and debt markets, according to new research from the think tank New Financial.

    • 05.15 PM
  • EU contemplates ‘nuclear option’ for recovery fund

    The European Commission is considering a way to proceed with its €750bn coronavirus recovery fund that will exclude Hungary and Poland. The two countries have stood firm in their opposition over the idea that receipt of EU funds will depend on states adhering to the rule of law.

    • 02.00 PM
  • Houses, hydrogen and HGVs: priorities for the new UK infra bank

    The UK's national infrastructure bank set to be launched by the government could focus on a range of green investment opportunities, including setting up a scheme like the US's Property Assessed Clean Energy (PACE) model.

    • 11.45 AM
  • Asian banks get ahead of Libor transition with switch doc, RFR templates

    A possible delay to the final retirement of Libor as the benchmark lending rate on dollar loans is set to offer banks and borrowers a bit more breathing room to make the transition. But in Asia, loan market participants have largely shrugged at news, deciding to press ahead with their plans for a post-Libor world.

    • 11.00 AM
  • Scars from virus to haunt ABS traders long term

    Covid-19 has transformed the secondary market in securitization in various ways — from forcing the market to take trading online to shifting the peak trading hours. Panellists say the changes enacted during the spring sell-offs are here to stay, and traders have already begun to adapt to the new normal.

    • 02 Dec 2020
  • EU should consider regular bond calendar

    The newest recruit to the ranks of large supranational issuers is also the bulkiest. Responding to Covid-19, the EU has created the €100bn SURE fund, active already, and a €750bn Next Gen EU programme, coming next year. Both are bond-financed, requiring a huge increase in the EU’s until now modest issuance, especially in the next two or three years.

    • 02 Dec 2020
  • Owl Rock opens London office as it readies European expansion

    US direct lender Owl Rock has hired its first employee in London, as it seeks to develop its business in Europe.

    • 02 Dec 2020
  • Italy bests investors as Padoan rules UniCredit

    The resignation of Jean Pierre Mustier as group CEO on Monday night has laid bare deep fissures between the senior management of UniCredit, which has been focused on serving the interests of shareholders, and members of its board, which want to reposition the bank as a servant of the Italian economy.

    • 01 Dec 2020
  • Libor administrator to consult on extending most dollar rates to 2023

    ICE Benchmark Administration Limited (IBA), the administrator for Libor, will consult on its intention to cease the publication of the majority of dollar Libor rates after the end of June 2023 — 18 months later than originally planned.

    • 01 Dec 2020
  • Eurogroup agrees to establish SRF backstop ahead of schedule

    Euro area finance ministers said on Monday evening that they would introduce a backstop for the Single Resolution Fund up to two years earlier than planned, following ‘substantial’ risk reduction in the banking system.

    • 01 Dec 2020