As exchanges attempt to forge international relationships, local regulators, banks and politicians are voicing concerns about a loss of sovereignty and influence. Could opposition derail the deals?
Latest articles from Banking strategies
Objections will ultimately only delay exchange consolidation
June 1, 2011Protestations concerning nationalism, protectionism and anti-trust legislation could jeopardise plans to merge global stock exchanges, but are unlikely to stop deals in their tracks.
Deals of the Year 2011
May 19, 2011The Banker’s Deals of the Year for 2011 celebrate the most impressive transactions in FIG capital raising, M&A, corporate bonds, SSA bonds, infrastructure and project finance, loans, structured finance, equities, restructuring and Islamic finance.
Private and investment banking move closer, not further apart
May 4, 2011While regulators and politicians may want investment banking to be split off from private banking, in the industry the two are moving more closely together than before the crisis.
Germany returns to structured products centre stage
May 4, 2011The German structured products market is growing steadily again and providers are involved in an intense battle for market share.
Credit Suisse defied CoCo critics with $2bn issue
May 4, 2011Contingent capital is still the subject of furious debate. Some have called it a dangerous instrument, while others say it may not do what regulators want. Some argue that it will be difficult to create a market big enough to absorb the needs of the banking sector if it becomes a compulsory part of the capital structure. But none of this stopped Credit Suisse's $2bn issue from being a storming success.
European issuers look to Asia to boost deal demand
May 4, 2011European sovereigns, supranationals and agencies supply is running at high levels, and with the market environment far from ideal, issuers are having to broaden their investor base. Placement with Asian accounts is critical to the success of many deals.
Has the banking industry moved too early on CoCos?
May 4, 2011Regulators are desperate to find a capital instrument that provides a buffer for institutions, but also satisfies investors. Issuance, in a variety of forms, has already begun. But with so many questions still unanswered, have regulators and issuers moved too early?
The role of structured products in the fight against inflation
May 4, 2011Investors are nervous about inflation, and structured products providers are reporting steady demand for returns linked to interest and inflation rates, as well as traditional defensive plays using commodities prices.
Scotia Capital’s oil and gas expertise boosts M&A business
May 4, 2011Scotia Capital provides its oil and gas clients with in-depth geophysical expertise, something that vice-chairman Adam Waterous believes is just as important as advice on the structuring of mergers and acquisitions.