Latest articles from Banking strategies

Pricing an IPO has never been harder

August 30, 2010

With investors in a state of near permanent paranoia, pricing an initial public offering to perfection is critical in today's market. The list of failed or delayed IPOs in the first half of 2010 is testament to this. Only the strongest will survive - even those at a healthy discount. Writer Charlie Corbett

The Tier 1 conundrum

August 30, 2010

Recent positive noises from the Basel Committee have eased concerns among banks about what instruments will count as Tier 1 capital in the future. But huge uncertainties remain over what form future regulation will take, in particular regarding hybrid debt. Many banks could find that they are forced to revisit a now saturated market for bank equity issuance; either that or come up with more innovative ways of boosting capital ratios. Writer Charlie Corbett

Volatility rules the day

August 30, 2010

Geraldine Lambe analyses trends in the global equity market for the first half of 2010, and gauges how the second half might pan out.

Tactics for a new age

August 30, 2010

In an attempt to appease regulators, banks are issuing Tier 1 debt capital that converts into equity if a certain trigger point is reached. However, only the biggest names - and those least likely to need to convert debt to equity - will be able to attract investor support for such issuance. Writer Charlie Corbett

Team of the month

Opening up Renminbi possibilities

August 30, 2010

The Linklaters-advised Hopewell Highway Infrastructure Eurobond has broken open the market for Chinese corporates issuing in renminbi outside China, paving the way for a full interbank market in renminbi in Hong Kong.

FIG markets adjust to new realities

August 30, 2010

In markets beset by uncertainty over new Basel regulations, bank balance-sheet quality and the sovereign debt overhang, The Banker invited the heads of financial institutions groups at major banks to discuss how issuers can respond. Writer Philip Alexander

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Sukuk-based project finance takes off

July 28, 2010

The capital markets were deemed too fragile to issue a riyal-denominated Islamic bond to help fund Satorp's greenfield refining project in Saudi Arabia, but that doesn't mean this type of asset funding has gone away. Project sukuk are becoming well known in the Middle East as Islamic finance-friendly products. Writer James Gavin

Fund processing plays catch-up

July 28, 2010

Much work has been done to standardise and automate fund processing, with several commercial solutions available, but the cost of processing fund transactions is still significantly higher than for bonds or equities and this is hampering critical mass. Is a more centralised market infrastructure needed to tackle processing costs? Writer Frances Maguire

A coming of age

July 28, 2010

Enjoying Israel's new status as a developed market, the Tel Aviv Stock Exchange is pushing to attract high-tech listings, planning to renew its IT system and playing its part in Israeli-Palestinian relations. Writer Michelle Price

Will MIFID II deal a decisive blow to Europe's exchanges?

July 28, 2010

The European Commission's MiFID review should enhance the competitive environment in Europe in a manner that will deal a second, more decisive blow to Europe's exchanges. But the latter are not going down without a fight. Writer Michelle Price

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