A clearer regulatory distinction between market making and proprietary trading needs to be an early priority of the European Commission’s CMU policy initiative
The limited impact of European bank downgrades on their covered bond ratings has improved morale in the market, which is suffering under the ECB’s bond buying programme
The deal that created one of the world’s biggest gaming groups is the first to use the EU Cross-Border Merger Directive, and has drawn the US into Europe’s loyalty-based shares debate.
A bespoke structured finance deal out of Germany last month suggests the resurrection of Europe’s securitisation market is well underway, and that it is diversifying away from the traditional ABS model
The Volcker rule is coming. European and North American bank counsel speak anonymously – and candidly – about how they plan to comply with its covered fund provisions
Improving legal frameworks and local government processes is key to tackling Africa’s infrastructure shortage, which is hampering foreign investment and the region’s development
A recent survey has confirmed that banks will remain UK corporates’ favoured funding source in the short term, but that public capital markets will gain traction
