Bonds
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Bond wave boosts fixed-income ETF issuance
Bonding agents
Cheyne Capital continues to find opportunities and performance in five asset classes
Opportunistic collaborators
Concerns remain over contingent capital, legal experts warn
CoCo bonds continue to provoke concern, despite clear investor appetite
ETF roundup
ETF roundup
Lookback
Lookback
HK insurers ramp up dollar hedging activities
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
High yield bond funds are an emerging risk: SFC video interview
Investors increasing their exposure to high yield bond funds is an area of concern, according to Bénédicte Nolens, head of risk and strategy at the Securities and Futures Commission
Merchant Capital offers the best of three mixed portfolios
Looking back at three
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Local credit rating agencies offer alternative to ‘big three’
First-rate ambitions
Product providers in eurozone periphery face stiff challenge from bonds
Bonds beef up in southern Europe
Asia’s local authority – Aaron Woolner column
Asia’s local authority – Aaron Woolner column
Swiss structured product turnover falls by nearly half compared to 2011
Turnover of structured products and warrants listed on the Scoach exchange falls more than 40% in the first half of 2012 compared to the same period last year. Industry figures blame increased risk aversion and a rise in OTC trading activity
China’s QFII expansion heralds next step in liberalisation of market
The foreign legion
Default lines in China – Aaron Woolner column
Default lines in China
Indian corporates struggle with FCCB redemptions
Many Indian issuers of foreign currency convertible bonds maturing this year face defaulting on the debt after depressed equity prices force the companies to redeem rather than convert the bonds to equity
Lookback
Lookback
Fears of overreach in Mifid II and Mifir bond rules
Industry experts warn new Mifid and Mifir proposals might push business overseas
Credit investors nervous over withdrawal of QE2
Credit investors nervous over withdrawal of US quantitative easing programmes
CBOE relaunches credit event binary options
CBOE relaunches credit event binary options
Iceland returns to market with $1bn 5yr deal
Iceland returns to market with $1bn 5yr deal
Bonds don’t always behave as their risk profile should dictate – Marty Fridson column
Right call, wrong outcome