High yield, securitisation and retail structured
products are all emerging in Europe’s capital
markets boom. Here are the challenges facing the
Bank counsel and leading industry players gathered at the
Waldorf Hotel in London on April 2 for IFLR's European Capital
Markets Forum. Panellists debated the instruments and issues at
the centre of the region's capital markets agenda. Three
instruments stood out for being investors' and regulators'
asset classes of choice: high yield, securitisation and retail
Here's what is helping and hindering their quest to become
stable self-sustaining markets.
1. High yield Following high yield's continued growth in
Europe, banks structuring deals are facing challenges in
execution. Even companies in Spain and Italy, which
traditionally access the local bank lending market have
increasingly turned to high yield as domestic credit lines are
cut. As a result, 40% of high-yield offerings in the first
quarter of 2014 were...