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Streamlining of IPO process just two months after consultation closed as the market prepares for post-summer IPO activity
Reforms should focus on banks' access to liquidity, not capital
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Conditions support capital issuance, even though European Commission's report gave no clarity on the future of AT1s
IPO pipeline strong, but timetables slipping as markets await clarity on tax, growth and defence funding
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  • The American Civics Exchange has launched over-the-counter options allowing investors to offset political risk and/or take a view on hot-button political issues.
  • Emerging markets credit default swap players are considering a move to the new standardized CDS format, following in the footsteps of their North American counterparts.
  • Sellsiders in Singapore are objecting to a mandatory cooling off period for retail investors of structured products.
  • China’s State Owned Assets Supervision and Administration Commission (SASAC), the country’s regulator for all state-owned enterprises (SOEs), will now have to approve in advance any transactions deemed risky, placing all over-the-counter derivatives into that bracket.
  • Litigation-focused law firm Quinn Emanuel Urquhart Oliver & Hedges has hired Daniel Cunningham, a senior partner and co-head of the global U.S. practice at Allen & Overy in New York.
  • A recent proposal to reinstate the uptick rule is seen as addressing only part of the issue with short selling, since it does not do away with the problem of when the volume of shorts exceeds the number of shares outstanding.