The Global Borrowers & Bond Investors Forum Virtual 2020

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  • GBIF 2020: Necessity is the mother of invention

    A very warm welcome to the Global Borrowers & Investors Forum 2020. This year we’re bringing the conference to you in this special publication — printed, and digitally on our website.

  • J. Christopher Flowers, managing director and chief executive officer, J.C. Flowers & Co.

    J. Christopher Flowers, managing director and chief executive officer, J.C. Flowers & Co.

    J. Christopher Flowers, the eminent private equity investor, sees a lot of potential for new deals in European finance in the aftermath of the coronavirus pandemic.

  • Dr Jörg Kukies, State Secretary for Financial Market Policy and European Policy, Federal Ministry of Finance, Germany

    Dr Jörg Kukies, State Secretary for Financial Market Policy and European Policy at the German Federal Ministry of Finance, speaks to GlobalCapital’s Managing Editor, Toby Fildes, on Covid-19, European policy and Germany’s financial markets.

  • Luiz Awazu Pereira da Silva, deputy general of the Bank for International Settlements

    The Bank for International Settlements hopes that the coronavirus pandemic can aid understanding of complex global risks, encouraging public and private institutions to work more closely together to tackle the effects of climate change.

  • Virus opens door to capital markets’ future: risk and control

    The coronavirus pandemic has catapulted capital markets forward in time. Things thought impossible have come about — above all, a sustained flow of credit through a harsh economic downturn. But are the markets heading for utopia or dystopia?

  • Catastrophe finance innovators turn attention to pandemics

    Could capital market instruments help the world prepare for or react to another pandemic? Those who have spent the last few years designing these types of tools for natural disasters have some ideas.

  • Capital markets face permanent changes to working practices

    Lockdowns raised big questions about how capital markets operate. Trading floors — their beating heart — emptied even as the need for the financial blood they pump round the system rocketed. But markets thrived. Now Ralph Sinclair asks how the experience will change the future of work in capital markets.

  • Does global finance have an exit strategy?

    Policymakers have responded with impressive speed and purpose to ensure that a global health crisis does not turn into a global financial crisis. But what happens now that their cards have been played, and is there a plan for what to do once the great lockdown is lifted?

  • After the virus: what have we learned from the Covid-19 crisis?

    Generals, and financial regulators, are always fighting the last war. So it proved when the coronavirus slammed into international markets in mid-March. Many of the tools developed in the 2008 financial crisis were deployed to great effect by central banks. The corners of the financial markets that propagated weakness in 2008 passed the test of 2020. But new risks were thrown up, forcing a new round of improvisation. What lessons will be drawn from the Covid-19 crisis?

  • SSAs step up to take fight to Covid-19

    Suddenly social bonds are the must-have financing product for public sector borrowers as they scramble to assist in the battle against Covid‑19 and its terrible human and economic costs.

  • Overview — Covid-19 and the capital markets: impact, response and recovery

    Overview — Covid-19 and the capital markets: impact, response and recovery

    In mid-May GlobalCapital hosted a specially convened panel of investment bankers, investors and a market infrastructure provider to discuss how capital markets have reacted to the coronavirus crisis and how they might play a role in the recovery of the global economy. The discussion, which took place remotely over Zoom, was the opening panel discussion of the Global Borrowers & Investors Forum, which this year is being brought to you in virtual form via a special digital publication on our website.

  • Banks and Covid-19: a new life after lockdown

    Banks have been pushed to the frontline of the Covid-19 crisis in 2020, as countries around the world have locked down their economies to stem the spread of the virus.

  • Financing a crisis: Europe’s sovereigns fund pandemic response

    The world is facing an unprecedented crisis, the economic effects of which we are only beginning to understand. Sovereign funding will be at the heart of the effort to mitigate those effects. GlobalCapital hosted a virtual roundtable in May to discuss the effects that the pandemic is having on sovereigns’ borrowing requirements and market access, and how they are handling the situation.

  • Rising to the challenge: Covid-19 puts supranationals’ roles in focus

    As part of the Global Borrowers & Bond Investors Forum Virtual 2020, GlobalCapital hosted a panel in May to discuss how supranationals’ businesses are changing during this crisis. The Covid-19 pandemic has meant vastly increased demands on their lending. The supranationals have had to drastically alter their plans and strategies to help their clients in fighting the virus, and in mitigating the economic consequences of global lockdown. That has meant that many of the panellists’ institutions will be turning to the capital markets for larger sums than they had anticipated. Of course, as is the case for so many, they are having to do so without the traditional comforts and conveniences of an office infrastructure — although this has caused less disruption and inefficiency than might have been expected.

  • Supporting sovereigns and aiding the private sector: agencies bridge gaps

    The coronavirus crisis has brought the role of the public sector agency into sharper focus than ever. With companies suffering devastating losses of revenues, sovereigns are doing their best to shoulder the burden and ensure companies have what they need to protect jobs. To do this, many sovereigns are leaning on their agencies as the best way to transmit economic support packages. GlobalCapital held a roundtable in mid-May to discuss the impact of the coronavirus pandemic on the agency sector and how it is managing the crisis.

  • UK DMO keeps calm and carries on

    Just as it did in and after 2008-2009, the financing burden of responding to 2020’s crisis has fallen squarely on the shoulders of governments. But there are essential differences between the crises, not least the speed and scale with which sovereign issuers have had to jump into the bond markets. In the UK, within six weeks, a full year’s public borrowing requirement of £156bn had multiplied into a four months’ requirement of £225bn. To put that into context, the UK Gilt market’s previous busiest year was 2009-2010, during which it raised £227.6bn.

  • Virus shock puts corporate finance system to the test

    The corporate sector was not at the centre of the 2008-9 financial crisis — banks were. This time, it is companies of all kinds that are first in the financial markets to feel the stress of the coronavirus pandemic. Measures to control the infection have stopped many businesses’ revenues, completely and suddenly, and put others under severe strain. In such a situation, the quality of a company’s financial planning and management are revealed. Tested just as much are the financial networks that surround a company: its banking relationships and ability to finance itself in a variety of markets.

Publisher: Oliver Hawkins

Telephone: +44(0)20 7779 7304

Commercial director of events: Daniel Elton

Telephone: +44 (0)20 7779 7305

 

Publisher, special projects: Ashley Hofmann

Telephone: +44 (0)20 7779 8740