メインコンテンツに移動

Counting the cost

Until recently, bank disintermediation has been the great white hope of the European corporate bond market, but changes such as the removal of Landesbank guarantees in Germany and Basel II are turning this phenomenon into more than just a pleasant pipe dream of bond originators. Sara-Louise Boyes reports.

julianvankan-march02-gif
Everybody agrees that bank disintermediation in Europe is inevitable, but the pace at which it will happen is rather less certain. Do changes in loan margins in Europe provide an indication that disintermediation is today firmly taking hold? And in that key European market, Germany, what evidence is there of corporates taking to the bond market as relationship lending becomes eroded? Until

コンテンツを印刷またはコピーできるのは、有料の購読契約を結んでいるユーザー、または法人購読契約の一員であるユーザーのみです。

これらのオプションやその他の購読特典を利用するには、info@risk.net にお問い合わせいただくか、こちらの購読オプションをご覧ください: http://subscriptions.risk.net/subscribe

現在、このコンテンツをコピーすることはできません。詳しくはinfo@risk.netまでお問い合わせください。

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

ログイン
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here