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Financial supervisors and regulators are too preoccupied with collecting research and data on environmental threats to finance and the economy, rather than simply using their own judgement and other tools at their disposal.

Barclays has hired Manuel Esteve from JP Morgan to lead its continental European equity capital markets business.

US citizens concerned about climate change may be hoping Joe Biden wins the presidency in November, but the issue is even more important for those in developing countries who face more immediate risks, and are relying on international finance to tackle these perils.

With the world’s most important asset managers taking a more active role in sovereign debt restructuring negotiations, the once niche topic of collective action clauses (CACs) is set to rise up the capital markets agenda as participants debate whether adjustments made by Argentina and Ecuador to the 2014 ICMA CACs should become common practice.

UBS reckons it has a hit upon a ‘unique formula’ for growth as it expands its investment banking offering to its high net worth clients, writes David Rothnie.

Hopes are rising that sustainable finance could blossom in the US if Joe Biden wins the presidency in November, replacing Donald Trump’s climate-sceptic administration with a new government, committed to the most ambitious set of environmental policies ever.

The Euro Short Term Rate may be running into the first real problem of its short life. The benchmark was designed to provide a reflection of wholesale euro overnight borrowing costs based on real transaction data. But what if there aren’t enough transactions?

Signs are growing that Western companies may be on the verge of a wave of moving manufacturing from China to other emerging markets and ‘re-shoring’ them to the home country, a trend that could have profound implications for markets and international politics.

The European Commission has reached out to the European Covered Bond Council (ECBC) to make the case for reinvigorating the market for European Secured Notes. ESNs could improve access to crucial funding for Europe’s small and medium-sized enterprises (SMEs), which are struggling to recover following lockdowns imposed to contain the spread of Covid-19.

A sudden dip in the volume of €STR transactions and the number of banks submitting data has led to market participants voicing concerns about the rate.

Singapore fintech BondEvalue launched BondbloX Bond Exchange this week, which claims to be the first blockchain-based exchange in the world, with the maiden trade executed on a bond from commodities giant Olam.

As investment bankers got used to working from home in the first half of the year, many more whistleblowing cases were opened by the UK’s Financial Conduct Authority. Meanwhile, challenges around monitoring staff and forging a bank’s internal culture have not gone away just because the workforce is outside of the office.