IMF senior economist Manmohan Singh says the shadow-banking system is a necessary part of the monetary universe, and therefore something that regulators and policymakers must thoroughly understand if they are to have any success in improving economic performance.
One of the biggest drivers of global growth is demographics.
Analysis by Ned Davis Research suggests that apocalyptic predictions about financial markets in 2012 are unjustified.
The US is part of an elite of highly indebted developed nations.
The €489.2 billion take-up of the ECB’s inaugural three-year LTRO on Wednesday underscores the significance of this new facility to the bank funding market in Europe
Analysts from leading independent research group Ned Davis Research look at the prospects for financial markets and the global economy in 2012 and beyond, and shine a light on the distressed US fiscal situation which has been overlooked during the eurozone crisis
Lawyers claim that the latest EU treaty is still fraught with uncertainty and loopholes and some regulators are in legal denial over the implementation of some proposals.
Euromoney is pleased to announce the format of its deals of the year 2011 feature, which will be published in the February 2012 issue of the magazine.
Banks may opt for cheaper long-term LTRO funding rather than secured issuance next year
Citi’s chief economist Willem Buiter and global economist Ebrahim Rahbari warn the markets of financial and trade protectionism and “repression” but emphasise that emerging markets will create buoyancy for the world economy during the sovereign debt crisis.
Economists score the UK lower for country risk than France, Germany, Austria, Luxembourg, the Netherlands and Finland
Financial market lawyers at Reed Smith criticise the range of financial regulations being proposed or implemented
Multiple issuance with multiple triggers could dampen cliff risk and improve hedgeability of instrument.
Emerging markets are set to perform highly against their developed counterparts next year as the eurozone crisis eases, but analysts at Barclays Capital warn that business will remain risky in Egypt while the political situation remains uncertain
Decision by S&P to put Europe’s sovereigns on negative outlook backed up by steady decline in country risk scores.
As bank funding becomes more and more of a topic of discussion, the senior figures at Citi’s annual European Credit Conference in London struggle to come up with an answer to the funding black hole.
Merkel and Sarkozy's relaxation on rules on the private sector taking losses on future eurozone bailouts are welcomed by the markets, but experts focus on the importance of the ECB's role
“One-off” Santander swap rings alarm bells over health of bank
Experts warn that if S&P were to downgrade six of the AAA EU countries, including Germany and France, the eurozone might be pushed into a deeper recession as further austerity measures could be implemented, and a break-up of the euro currency is plausible.
There are a host of ETFs that investors can pick and choose from, but some experts believe consolidation will be the next stage
Decoupling the country’s economy from inflation will take a long time and prevents long-term credit from developing.
China-style system; Test trades completed
BR Partners enters investment banking; Acquisition route proves quickest
Santander cashes out in Chile; HSBC puts up Losango
Focus Media’s plight shows how quickly a short report can smash a company.
Predominant retail investors deterred; Stability favoured over market growth
New channels for domestic investment; Eastern governments pay lower premiums
PM vows to retain economic sovereignty; Moody’s downgrades bonds to junk status
Investors offered a banking growth story; No shortage of liquidity
As the financial system staggers towards its inevitable collapse Citi’s chief economist Willem Buiter may be looking to a future career as a stand-up comedian.
Risk from a large dealer failure; Window dressing of exposure common
Sales and trading volumes slump in third quarter but CVA masks true extent of damage.
FIG issuance to collapse; Corporates could be bright spot
Banks are turning to the covered bond market to replace prohibitively expensive senior unsecured funding, fuelling anxious investors’ concerns over encumbrance levels.
Capital requirements that adhere to regulatory demands for central counterparty clearing parties will “hurt but not kill” the entities, says the EuroCCP CEO exclusively to Euromoney.
Talk of a Chinese property bubble and potential crash is misleading.
The near-term dangers in emerging markets remain high, even assuming a breakthrough in the eurozone crisis – and emerging Europe is most at risk.
In 2008, the Chinese government announced it would in inject Rmb4 trillion ($586 billion) of capital into the economy to hamper the impact of the global economic slowdown in China.
Policymaking is being tightened aggressively to avoid inflating a credit bubble in China, leading some analysts to argue that investors should act with caution when investing in its corporate debt.
Investors, economists, politicians and other policy-makers across Europe and the rest of the world are calling ever more urgently for the ECB to step in and buy European government bonds.
Press offensive launched; Q&A faux pas
As a seventh bank is taken under state control, Spain faces a race against time to deal with its bad real estate assets before they contaminate the entire banking sector.