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GC Asia
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Brexit to crack open synthetic STS and NPL rules
The ECON committee of the European Parliament has pushed back a meeting to agree on proposed amendments to the securitization market, making it unlikely that the UK will be able to adopt the same measures before Brexit. The divergence could pin ABS as the first capital market to see significant divisions between the UK and the EU after the two entities separate.
11.00 AM -
China markets and policy round-up: CCP unveils new five year plan, regulators mull Shenzhen bourse reform, Beijing increases oversight of large developers
In this round-up, the Chinese Communist Party has set goals for the country’s development over the next five years, regulators are ready to streamline the Shenzhen Stock Exchange, and some big property developers have been asked for their monthly financial data.
09.30 AM -
ECB relieves onlookers with promise of more stimulus
European Central Bank president Christine Lagarde was firm enough in her promises of monetary policy support to avoid disappointing investors at a press conference on Thursday.
29 Oct 2020 -
New Jefferies CLO team said to ready first warehouse
Jefferies smashed its way into the European CLO primary market this year, hiring a team from the market’s top ranked arranger, Citi, and igniting a hiring merry-go-round. But the boutique bank doesn’t have the balance sheet muscle of its commercial rivals, and observers questioned how it planned to compete in the commoditised world of warehouse lending. Now however, GlobalCapital understands it has sourced external funding and has at least one warehouse already in the works.
29 Oct 2020 -
China lays groundwork for more climate financing, investment
China’s ecological and financial regulators have jointly published guidelines around climate change-related financing and investment.
28 Oct 2020 -
PrimaryBid completes $50m private raise amid retail equity surge
PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, completed a $50m Series B financing round on Monday to expand its international business.
26 Oct 2020 -
China policy and markets round-up: Fiscal revenue returns to growth, Sweden bans Huawei, S&P expands to exchange bond market
In this round-up, China’s fiscal revenue growth turns positive in the third quarter, Sweden becomes the latest to ban Huawei Technologies from its 5G plan, and S&P Global Ratings’ onshore unit secures a licence to rate domestic bonds in the exchange market.
23 Oct 2020 -
Science-based targets could help banks wrestling with climate risk
UK banks and building societies are struggling with difficult aspects of incorporating climate change into their risk management, as demanded by the regulator, a PwC survey has found. The answer to some of their problems could be a non-risk initiative: science-based targets.
22 Oct 2020 -
Upstart broker rocks up in Schuldschein to spur secondary trading
The secondary market in Schuldscheine is rudimentary, partly as the arranging banks have never wanted to encourage it. But a little known brokerage firm is quietly acting as a go-between, helped by its contacts with non-traditional investors, writes Silas Brown.
22 Oct 2020 -
Updated: HK regulator fines Goldman $350m for 1MDB failures
Hong Kong’s securities watchdog has fined Goldman Sachs $350m for regulatory failures in its work on bonds issued by the scandal-hit Malaysian state investment fund 1MDB, part of a multi-billion-dollar settlement with global regulators.
22 Oct 2020
