Economists call it original sin – financing domestic spending with foreign currency borrowing, which can create a potentially crippling mismatch between the revenue a country raises and the debt it has...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
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Bookrunner: JP Morgan
Bookrunners: Barclays Capital, BNP Paribas, Citi, Goldman Sachs, HSBC, Mizuho Securities USA, Morgan Stanley, RBS, Santander, Société Générale Lead managers: Credit Suisse, Standard Chartered, UBS
Bookrunners: Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley, Rabobank, UBS
Bookrunners: Bank of America Merrill Lynch, BNP Paribas, Commerzbank
Bookrunners: BNP Paribas, JP Morgan, Lloyds TSB Capital Markets
Credit Awards Americas 2010 winner: Bank of America Merrill Lynch – Best bank for high grade corporate bonds
Despite a significant amount of new bond issuance, a strong bid for credit in the US caused secondary spreads to tighten last month.
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future