European Capital Markets Forum key takeaways

Author: IFLR Correspondent | Published: 23 Apr 2019

The Prospectus Regulation, Brexit, green bonds and other key developments affecting the debt capital markets

The new prospectus rules introduced some novelties, risk factors being key;

Much like PD2, it’s taking some time for national competent authorities to harmonise their approach;

Clients are anxious to see examples of risk factors before doing a deal, so all are taking a wait-and-see approach;

Banks are telling their clients to be very careful with the approach they take on risk factors, and to build extra time into the transaction;

In the last three months, stock exchanges have had a huge amount of Brexit-related queries, with the main concern the risk of a no-deal cliff-edge;

But in the absence of political clarity there’s not much issuers can do. Icma’s draft language for use after the event is good, but is not to be used until then;

Environmental, social and governance is...