A better approach to keeping banks on benchmark panels? Regulatory compulsion is shaping up as a key battleground in benchmark rate reform, as more banks quit rate-setting panels. New rules governing the London Interbank Offered Rate (Libor) that took effect in April keep panel participation voluntary, for now. But the European Commission has warned banks may be forced to submit to the Euro Interbank Offered Rate (Euribor).
Whole business securitisation and commercial mortgaged-backed securities techniques have been merged to create a first-of-its-kind financing platform for a UK real-estate company
An availability-based toll road project in the US reveals that municipal bond investors are willing to accept increasing risks in public-private partnerships
The market is sharply divided over how extensive risk disclosure should be in emerging market offering documents.The best practice debate has gathered steam recently, as investors read prospectuses more closely than ever before
Cyprus’s bailout offers a reality check on the bail-in risks attached to contingent convertible bonds. But some banks are hailing a riskier form of CoCo as the funding tool of the future
Banks and lawyers are at odds with the UK Association of Corporate Treasurers, private placement working group over the principal barrier to domestic market growth.
