Comment EM and The Cover

The covered bond market has a reputation for allowing tough trades to be done, so when My Money Bank postponed its debut deal, the product was imprudently tarnished. The situation could have been avoided had the deal been launched a week earlier or sometime later — just not last week.

If Banca Carige cannot raise capital or find an acquirer, it should be put out of its misery.

Nordea Bank's move into Finland next week will reveal the huge problems facing an incomplete Banking Union.

How green should a green bond be? Should the company issuing the green bonds have to be green itself, or is it enough that the projects that the bonds are funding are of a hue most verdant? And just how green are those projects they are funding?

Europe already has a powerful tool to deal with banks that fail to show they have the proper risk controls in place — it’s called the supervisory review and evaluation process.

When all you have is a hammer, everything looks like a nail. For hardcore blockchain enthusiasts there is no end to the list of things that can be tokenised, although capital markets bankers might feel the process is less revolutionary than the techies seem to think.

Société Générale is bolstering its corporate finance effort as part of a broader push in its French heartland and beyond, writes David Rothnie.

The US high yield bond market’s vulnerability to the price of oil is a perfect example of how heavy dependence on a single industry can hit a whole market. Now, the sterling bond market faces a similar test from the retail sector.

The covered bond market has a reputation for allowing tough trades to be done, so when My Money Bank postponed its debut deal, the product was imprudently tarnished. The situation could have been avoided had the deal been launched a week earlier or sometime later — just not last week.

It is high time that the famously conservative Japanese market started embracing new practices. There are signs that modernisation is afoot.

BNP Paribas's corporate broking launch is ambitious but in its top-ranked equities business, it already has one of the most important elements for success, writes David Rothnie.

Venezuela's petro seems destined to hang around like a bad smell rather than drifting into obscurity, as it deserves to. The country's president Nicolás Maduro has made it the basis of his country’s economy. It is an utter farce.