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Basel II brings banking evolution

February 3, 2004

Spiro Pappas of ABN AMRO and Charles Lucas of ABN AMRO Rothschild talk to Jules Stewart about the future of capital management post-Basel II and how preparation for the Accord’s implementation has changed the thinking of financial institutions.
Basel II may be just round the corner or it may be three years down the road, depending which commentators you listen to. Nevertheless, the final draft is on the table and financial institutions worldwide are being forced to think in a different way.

Let’s get to work

February 3, 2004

Tom de Swaan, chief financial officer at ABN AMRO, tells Jules Stewart what Basel II and IAS will bring to the finance industry and why it’s time to get moving on implementation.

Hybrid capital hits the target

February 3, 2004

ABN AMRO’s Ronan Donohue charts the progress of hybrid capital and the ever-increasing appeal around the world of this once revolutionary product.

Covered bonds’ global expansion

February 3, 2004

ABN AMRO’s Christoph Anhamm explores the reasons behind the growth of covered bonds and considers future market drivers.

How secure is the future?

February 3, 2004

Has securitisation had its day? Though the markets may change, William Ross of ABN AMRO says the story is far from over.

Opposites attract?

February 3, 2004

ABN AMRO’s Niels Slikker illustrates the covered bond versus securitisation debate with a case study.

Hybrid growth

February 3, 2004

The split that formed DEPFA Bank also halved its capital base. It turned to the hybrid capital market in the search for new opportunities, hiring ABN AMRO to joint-lead manage a E300m deal that demonstrated a groundswell of retail demand.
By the mid-1990s, it was clear that the framework of the German Mortgage Bank Act had become too restrictive for the ongoing development of DEPFA’s public finance and property activities. A proposal was tabled in 2001 to split the group into two specialist banks, a public finance bank headquartered in Dublin (DEPFA Bank) and Aareal Bank, a German-based property bank. DEPFA Bank is today a leading global provider of financial services to public sector clients, from budget-related financing to the funding of infrastructure projects and investment banking solutions for public sector authorities.

Cédulas success

February 3, 2004

Spanish bank la Caixa has established a full curve of covered bonds. Jules Stewart reports on ABN AMRO’s role as joint bookrunner on some of la Caixa’s benchmark issues.

Late entrants take the lead

February 3, 2004

Jules Stewart reports on Banca Nazionale del Lavoro’s arrival on the securitisation scene and how it has become Italy’s frontrunner for RMBS.
Banca Nazionale del Lavoro (BNL) was something of a latecomer to the securitisation market. It only started planning its first transaction in 2002, however, it has since powered into a leading market position among Italian issuers.

Equity is the real thing

February 3, 2004

Although the amount of capital that European banks raised last year was small compared with their market capitalisation, the market was more active than superficial statistics suggest. Charles Lucas, global head of financial institutions at ABM AMRO Rothschild, reports on banks’ equity capital markets activities in 2003.

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