High valuations, rising equity issuance and plentiful financing in a growing variety of formats all point to Istanbul making progress toward its goal of becoming an international financial centre.
Western Europe
Latest articles from Western Europe
Denmark's smallest banks remain stubborn on consolidation opportunities
June 1, 2011Danish banks are coming under increasing pressure to consolidate their fragmented sector. But debate rages over whether bigger really is better, and the jury is still out on the advisability of merging in unsettled times.
Will ESMA succeed with the credit rating agencies?
June 1, 2011New European regulation on credit rating agencies will soon come into force. And while everyone is in agreement on the need for improvement, opinion is divided on the best way to achieve this. So will ESMA make a difference?
Sweden's banks emerge from the crisis in good health
May 4, 2011The Swedish economy has bounced back well from the crisis, with banks among the main beneficiaries. Leading bankers at three of the country's biggest banks - Nordea, Swedbank and Handelsbanken - explain how they have achieved such impressive results.
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.
New UK liquidity rules set to have global repercussions
May 4, 2011The UK's tough liquidity rules stand in the way of global management and are expensive and time-consuming to comply with, say bankers. The bad news is that other jurisdictions are likely to adopt them.
Uncertainty reigns as Turkey takes two-pronged monetary policy approach
May 4, 2011Turkey’s central bank is attempting an unusual combination of tightening monetary policy using reserve requirements, while combating speculative inflows through interest rate cuts. But the outcome remains uncertain.
Hard times ahead as Portugal feels the force of its bailout conditions
May 4, 2011The effects of the international economic bailout of Portugal will be felt through the country, but some see the measures as an opportunity for the country to emerge as a more competitive, export-friendly entity.