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GlobalCapital speaks with Ocorian's James Maitland.

OTP Bank Treasury recently announced that it would restructure its business and change its name, continuing its international money and capital market operations as OTP Global Markets. GlobalCapital talked to managing director Attila Bánfi about the opportunities and challenges that the banking group’s international presence brings.

China Southern Asset Management is in a strong position to capture opportunities in the Mainland’s rapidly growing equity fund market. The rising competition in this segment is only set to push it harder.

As Europe starts to emerge from its coronavirus lockdown, economic restrictions are being eased and banks are returning to funding in the public markets. But the environment is markedly different from that which went before.

For well over a decade, the cornerstone of the European Investment Bank’s sustainability funding policy has been the conviction that the financial services industry has a pivotal role to play in spearheading the battle against climate change. As the EU’s climate bank, it has also consistently recognised its responsibility for developing best practice, which in turn helps promote enhanced environmental and social standards across the global financial community.

When investors are presented with a new financial instrument, their instinct is generally to focus on pricing, relative value and liquidity. This is a natural response, especially in a low yield environment in which every basis point counts.

By Tom Ahern. The European Securitization Regulation became applicable from January 1, 2019. It has a number of goals, including consolidating and recasting existing European regulations, establishing a framework for Simple, Transparent and Standardised securitization and introducing new transparency and disclosure requirements.

One year after the launch of the Clean Oceans Initiative, the European Investment Bank wants to use its success in tackling plastic pollution as a springboard to safeguard the wider blue economy.

With its push to embrace its role as the European Union’s climate bank, the European Investment Bank is set to play a key part in the alliance of multilateral development banks committed to fight climate change.

The European Investment Bank has set out a strategy for lending that will support the EU’s goal of decarbonising the economy by financing investments that cut emissions, combat climate change and support alternatives to fossil fuels.

The securitization market has come a long way since the financial crisis. In a low interest rate world, capital markets have been an attractive source of funds for companies, who can cut their cost of funds compared to issuing corporate debt while still offering yield hungry bond buyers relatively high returns.

Has change been driven entirely by regulatory compliance or have market forces also played a role?

Since the issuance of a pioneering Climate Awareness Bond (CAB) by the European Investment Bank (EIB) in 2007, the global Green Bond market has expanded at an impressive pace, with total issuance passing the $500bn mark in the third quarter of 2018.

Technological innovation is dramatically disrupting society at every level, and financial services are no different. It is impossible to predict how technology will evolve, but the most successful banks will be the ones that adapt to become technology companies themselves, says Michael F. Spitz, CEO of Main Incubator, the research and development unit of Commerzbank.

A compelling recent example of the EIB’s role as a “crowding-in” bank is its support for the Althelia Sustainable Ocean Fund (SOF), the first close of which was announced in September.

If that sounds like an easy question to answer, consider the hypothetical case of a lender backing a scheme to retrain adults as computer programmers, or accountants in a city like Katowice, the capital of the Polish region of Silesia

There are close to 5 million motorbikes and scooters in the Vietnamese capital city, Hanoi. To put this figure into perspective, it means there is more than one motorbike or scooter for every two residents of the city, which has a population of about 7.8 million

Structured receivables finance is a distinct form of financing that enables companies to unlock capital tied up on their balance sheet relating to larger ticket receivables or contracts payable by their customers over time. Clients that use this structure view it as a key tool for management of liquidity and working capital, given such receivables are often less well suited to traditional forms of receivables financing, such as factoring or ABCP conduit funding

Clearing Houses collecting margin to manage their counterparty risks is perhaps the central tenet of the G20 plan to de-risk the derivatives market. To work, it depends on collateral moving quickly and efficiently between market participants and clearing houses. Time is tight and delays can have major consequences.

The Asean+3 governments and regulators are maintaining their drive to create standardized bond and note issuance practices. The AMBIF initiatives began in 2014 and were followed by a pilot issue in the Thai baht bond market in 2015. Although there has been a hiatus since then the impetus towards uniformity is as strong as ever.

Stakeholders in Asean+3 multilateral financial institution Credit Guarantee and Investment Facility (CGIF) are set to boost its capital in a significant vote of confidence for CGIF. The additional capital will support expanded deal flows as CGIF builds on its impressive track record since its first credit guarantee facility in 2013. Founded in 2011, with 13 successful deals already completed and many notable milestones achieved, CGIF will in the foreseeable future become self-sustaining as the outstanding bond issues are repaid and guarantee capacity is recycled to new deals.

Penelope Smith, Director, Head of non-German Schuldschein Origination, DCM Loans at Commerzbank, considered the role of this unique private placement instrument in international investors’ portfolios.

Europe’s investor prospects are superficially safer due to economic recovery, but elections in Germany and in Italy, especially, present tail-risks. This is a manifestation of deeper uncertainty urging a fresh approach to risk management.

The rating agencies seem overzealous downgrading Chile, as commodity prices have rebounded from their lows and its financing problems are a temporary blip.

There are numerous risks for the government to address as the country prepares to elect a new parliament in September.

Developing a Lingua Franca for Green Bonds