Fears mount over a proposal to force investors to share the burden of a future financial crisis. Writer Geraldine Lambe
Sub-sovereign debt feels the pressure
December 8, 2010With developed world governments strapped for cash, many hope the sub-sovereign or municipal bond markets can take on more of the local funding load. It may not work out that way. In Europe, sub-sovereign issuance has grown but it remains a fragmented and loan-driven market. In the US, the municipal market is huge but issuers are under increasing strain. Geraldine Lambe reports.
Evolution on fast track to growth
November 24, 2010The Evolution Group has built a solid business based on a traditional focus on the client and judicious acquisitions of personnel and complementary firms, explains its CEO, Alex Snow.
SEC wants joint muni roles prohibited
November 24, 2010Broker-dealers and advisory-only firms disagree over potential G-23 amendments. Writer Geraldine Lambe
Financial experience of chairmen decreases at top 25 European banks
November 24, 2010Recent financial experience among board chairpersons of the top 25 European banks has decreased since the financial crisis. According to the annual report from governance specialists, Nestor Advisors, only 64% of chairpersons in the segment in 2010 had relevant financial experience, down from 80% in 2007.
Trade finance banks say Basel III will damage world trade
November 24, 2010International business will become significantly more expensive if the impending Basel III regime does not make allowances for trade finance, bankers fear.
Sharing the pain
September 29, 2010A Basel proposal for subordinated debt to absorb losses if a bank is about to fail could overturn risk profiles, raise the cost of capital for banks and curtail issuance of subordinated instruments. Writer Geraldine Lambe
FX emerges as the big winner of the crisis
September 29, 2010FX volumes have risen to new heights on the back of a huge increase in spot volumes and more activity from a broader range of players. But what the figures really tell us is that FX has matured as an asset class. Geraldine Lambe reports.
CME struggles to find path to CDS clearing
September 29, 2010The Chicago Mercantile Exchange has struggled to establish itself in credit default swap clearing against stiff opposition. However, it sees plenty of opportunities, starting with the launch of new trading platforms and the growth of business and partnerships overseas. Writer Geraldine Lambe
Bank crisis: Payback time
August 30, 2010The world has come a long way since the lurid headlines of 2008 warning that support for the banking sector would cost governments around the world trillions of dollars. While dangers still persist, money is steadily starting to return to government coffers. Writer Geraldine Lambe