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Losses in US subprime auto ABS have increased dramatically, with longer loan terms and loss levels from smaller subprime lenders driving a 27% increase in losses year-over-year in August.

Royal Bank of Scotland explained to the market how it plans to structure the group to meet the UK’s ring-fencing rules, with a rebranding of several divisions ahead of the expected implementation date for the rules in January 2019.

Bankers on and off the deal deemed the African Development Bank’s first foray into the euro market a success, thanks to the borrower's cautious approach to size and pricing.

GE Capital has completed the first sell-down of shares in Moneta Money Bank, the Czech commercial lender, since its Ck20bn (€739m) Prague IPO in May.

ICE Clear Credit, the credit derivatives clearing unit of Intercontinental Exchange, has been recognised as a third-country (non-EU) central counterparty (CCP) under European rules.

Commerzbank has offered further details on how it plans to scale back its trading operations, and on the future path of the bank and its focus on digital. On Thursday, it announced around 9,600 job cuts, and the combination of the Corporates and Markets division with the Mittelstandbank.

Publisher: Oliver Hawkins

Pakistan has seen a visible economic turnaround over the last three years, due to the successful implementation of a comprehensive programme of economic revival to enhance economic growth and achieve sustainable development.

This week's scorecard looks at the progress French agencies have made with their funding as we move into the fourth quarter

Green finance in China, particularly the domestic green bond market, has taken off this year, in part to the strong policy support from the Chinese government. At a roundtable in early September, GlobalCapital and some of the market’s leading figures discussed the recent developments in China, including incentive schemes and whether the government’s top-down approach to green financing can be replicated by the rest of the world.

When Standard & Poor’s (S&P) downgraded Poland from A- to BBB+ on January 15th, it was not just the Polish authorities that were astonished by the announcement. According to the Ministry of Finance’s website, which described the rating action as “incomprehensible”, a Reuters survey published the previous day suggested that fewer than one in three investors expected a downgrade. Among other agencies, this year Moody’s has revised its rating on Poland from stable to negative, while Fitch has left its stable rating unchanged

It is only a year since our last report in GlobalCapital was published, but so much has changed. Our country has opened a completely new chapter. Different ideas, opportunities, and challenges. Different standards that are set higher, targets that are more ambitious. And the world itself has changed substantially. Paradoxically, the world we are chasing appears to be rather fragile.