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Financial analysts and investors trying to make sense of what the UK general election result means for the upcoming Brexit negotiations should take a step back and ignore what they read for some time. The British government is clueless on its approach to Europe. -
Education Secretary Betsy DeVos has clearly demonstrated that she’s not working in the interests of American students, and Senator Elizabeth Warren’s call for a watchdog to hold her accountable is sorely needed.
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Banking is the business of confidence and trust. While the real work of cleaning up balance sheets is important, being seen to act swiftly, decisively and comprehensively is just as important. Impressions matter — whatever the underlying reality.
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The European securitization industry’s “simple, transparent and standardised” regulatory framework has finally been pushed through, with industry practitioners as well as supportive bureaucrats in Brussels saying it will help boost the flow of lending to Europe’s small and medium enterprises (SMEs). Time will tell if those businesses actually feel the benefit.
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A plan buried in the Conservative Manifesto calling for the creation of UK sovereign wealth funds should be taken on whichever party finds itself in power next month.
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The strong performance of the Church of England’s investment fund over the last decade either proves that the Church Commissioners have worked out a prudent investment formula, predicated on patience or they are benefiting from the aid of the ultimate market mover.
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There is no easy answer to the non-performing loan problem that continues to weigh on Italian banks, but rather than a lasting solution it's touted to be, the Atlante fund is nothing more than a short term fix.
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Rules are made to be broken — even the ABS risk retention rules it seems. But structured finance officials should think long and hard hard about whether they want to return to a world where credit quality is an afterthought.
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As Brexit appears to be a damp squib, at least for now, the Bank of England should consider ending its Term Funding Scheme to bring UK mortgage funding back to normal levels.
