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Asia is not moving in line with European and US covenants Investor protections in Asia high-yield bonds have diverged from the global trend of weakening covenant packages. They're expected to remain investor-friendly compared to those seen elsewhere. Moody's recent Asia-Pacific Covenant Quality report noted that Asia's covenant packages remain stronger than those in Europe and the US – although non-Chinese bonds tend to have stronger scores.

There is speculation that the European Commission's delay in approving the liquidity coverage ratio (LCR) means it will reflect the outcome of the Bank of England (BoE) and European Central Bank's (ECB) consultation on reviving securitisation.

Argentina's fight with holdout creditors and its eventual default proves that, sometimes, everyone is a loser.

Legislative uncertainty’s impact on inversions?

Investors in European high yield are once again unhappy at the erosion of safeguards in the region's booming debt markets.

The sponsor-led leveraged buyout (LBO) of Giant Interactive highlights banks' increasing comfort with Chinese borrowers' underlying credit.

Investors that own a quantity of stock below its index weight may a pose greater and more immediate threat to companies than growing activism or short sellers, one of the OECD’s independent advisers has warned

What will stop swap counterparties hitting this? Inserting new clauses into derivatives contracts could be the final piece of the solution to the too-big-to-fail conundrum that has vexed regulators since the collapse of Lehman Brothers in 2008. The industry group for the $700 trillion global swaps market, the International Swaps and Derivatives Association (ISDA), is revising international protocols to impose a temporary pause that would prevent counterparties from terminating swap trades with a failing bank for up to 48 hours.

Peru’s Eten cold reserve power plant has issued the first international greenfield project bond in Latin America. Deal counsel explain how it was done

Stephen Jones of King & Spalding asks whether the recent US/EU shared investment principles foreshadow a potential agreement