Top Section/Ad
Top Section/Ad
Most recent
Tej Singh leaves firm suddenly
Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact
Bank’s €1bn transaction is most granular so far and found new buyers
Market participants gathering in Stavanger will focus on market growth
More articles/Ad
More articles/Ad
More articles
-
The fast-approaching implementation of the Bank Recovery and Resolution Directive (BRRD) forced Moody’s and Fitch to overhaul their covered bond ratings this week, to reflect the protection which covered bonds get in the latest draft of the legislation.
-
Bail-in rules that affect covered bonds are set to be tightened up to give investors more explicit protection in the event of a bank resolution, a banker told GlobalCapital on Thursday.
-
The Bank of England is consulting on rules to ensure that even bonuses which have already vested can be clawed back, in addition to its existing powers to stop payment of unvested bonuses.
-
While pundits have quickly dismissed any chance of legislation to wind down Fannie Mae and Freddie Mac moving forward any time soon, market participants have been quick to scour the proposal to assess how certain interests are faring in Washington. While builders and bankers may be revelling at certain aspects of the proposal, private-label RMBS issuers may be the biggest losers, according to a top securitization banker.
-
Spanish banks will be able to issue structured covered bonds under planned changes to corporate finance law, Moody’s said on Monday. The law change would enable issuers to structure dual recourse instruments with conditional pass-through mechanisms backed by a wide range of assets issued from special funds.
-
Solactive, the German index provider, has launched the first index of green bonds — the fast-growing category of bonds with proceeds earmarked for specifically enviromental uses. The initiative was welcomed by some market participants as a move that could raise the profile of green investment and help fund managers. But it is also the first formal delineation of the green bond market — an issue that could prove controversial, writes Jon Hay.
