Chinese reform: Renminbi moves to a sweeter spot

For a nation known to take its time to do anything progressive on foreign exchange, China has been in a mighty hurry: liberalization measures have created a new offshore deliverable FX market, prompted a new bond market and transformed trade settlement.

A new bond market

Among the many developments triggered by liberalization is the creation of a new bond market.

Restructuring Gulf-style

Deals with creditors for the high-profile corporate collapses in the Middle East have a distinctly local flavour.

Swiss finish rests on big assumption about CoCos

When the Basle Committee on banking supervision proposed new minimum capital requirements in September of 7% total common equity against bank assets and 10.5% total capital, they left open the possibility of imposing higher surcharges on systemically significant or so-called too-big-to-fail banks.

Equities: Stocking up on Warsaw

When the stock exchange goes on sale in November, investors will have a chance to buy into a company that has been a crucial force in the expansion of Poland’s equity market.