New report calls for debt offices to weigh the pros and cons of two-way collateral and clearing
The recently released autumn statement shows compensation will be offered to energy-intensive companies as a result of UK climate policy, but questions remain around the details of the initiative and the level of compensation on offer
Withholding versus withdrawing
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
European leaders endorse EFSF model, as facility gears up for debut issuance of up to €5 billion
Hermes names director of government bonds
Supranational bond of the year – IBRD
Stabilisation funds could become big beasts in bonds
Making the right call
Bond investors have snapped up German Bunds in recent weeks, with Europe’s sovereign debt crisis triggering a flight to quality. But is Germany really the safe haven it appears? Credit explores potential vulnerabilities in the German economy and assesses…
The head of capital markets at KfW, Horst Seissinger, explains how building long-term relationships with investors has helped the bank achieve its funding targets even during periods of extreme volatility in the financial markets.
The commencement of the ECB’s government bond purchase programme and the announcement of an EU loan facility for struggling peripheral countries resulted in an immediate tightening of spreads. Yet uncertainty remains as to whether beneficiaries will be…
What longer-term implications could the moratorium on new drilling in the Gulf of Mexico have on production costs and supply amid uncertainty over new regulations asks Pauline McCallion
The world is watching nervously as sovereign debt is rocked by fiscal and economic crises in the eurozone.
Clouds are gathering over the Iberian peninsula. Attention is shifting from Greece, given temporary respite by the EU-IMF bailout, to Spain and Portugal as fears mount over their fiscal deficits and spiralling unemployment figures.
As governments across Europe announce austerity measures designed to rein in deficits, sovereign and corporate bond investors are divided over the scale and timing of the cuts.
Issuance of sovereign inflation-linked bonds is expected to reach record highs this year as governments struggle with vast fiscal deficits. With investors shaken by the crisis in Greece, however, some issuers may have to draw on the lessons of the crisis…
It’s all very well to make grand statements about the need for a new financial supervision framework in Europe, but can the EU work out the practicalities of reform?