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A slew of downgrades could result from the latest EC proposals to reform the EU resolution framework, while smaller and medium-sized banks could approach the capital markets for MREL issuance. However, with national ...
CMDI proposals could prompt downgrades, MREL supply, but tough discussions ahead
Focus
With market conditions having cooled in the past fortnight on the back of surprisingly strong data out of the US but also Europe, issuers can expect to encounter more modest demand and pay higher new issue premiums than ...
Pause for thought after blistering FIG start as volatility rises on persistent inflation prints
Market
Nordic banks are among the best positioned in Europe to ride out the uncertainties facing the banking sector in 2023, according to Crédit Agricole CIB bank analysts Gwenaëlle Lereste and Pascal Decque, highlighting the ...
Nordic Bank Day: Safe haven picks for 2023
From CACIB
The European Banking Authority, European Central Bank and Single Resolution Board shared insights into their latest work and priorities in a Crédit Agricole CIB web conference ahead of the new year. Neil Day reports their ...
The 2023 Regulatory Angle: EBA, ECB & SRB on their supervisory priorities
Regulation & ratings
With the new year approaching, Crédit Agricole CIB invited investors to a roundtable in Paris on 1 December to discuss how 2022 played out and what they expect for the primary FIG market in 2023. What monetary policies can ...
Normalisation of monetary policies: How will the primary FIG bond market be impacted in 2023?
Focus
While GSS bonds have hitherto represented a way for issuers and investors to engage on sustainability, ESG is being integrated more broadly and deeply into their strategies. Regulatory initiatives are furthering this move, ...
CACIB’s 2nd ESG Bank Day: Greening the business model
From CACIB
A collapse in spreads on the back of technicals and a positive reading of the latest economic and geopolitical developments paved the way for Toronto-Dominion to tap the euro market today (Monday), but imminent downside ...
TD Bank hits euros as spreads rebound, but positivity set to be tested in ‘critical week’
Market
The first euro benchmark AT1 deals of the year have successfully hit the market amid a string of FIG trades, as issuers have sought to take advantage of a recovery in sentiment to get ahead in funding plans. But with spreads ...
Downside risks return to the fore after resurgent primary phase for FIG issuance
Market
Mapfre paid a negligible new issue premium when issuing the first subordinated insurance trade in euros since Russia’s invasion of Ukraine on Wednesday, a €500m eight year deal that drew close to €1.7bn of orders ...
Mapfre Tier 3 debut achieves minimal NIP
Market
“Faster, higher, stronger — together.” The Olympic motto has not only been in evidence in Beijing this month, but at the ECB in Frankfurt and across the Federal Reserve System, with inflation forcing their hands. The ...
Primary hit by curve repricings as inflation hastens rate, purchase programme moves
Market
Crédit Agricole CIB hosted a web conference on the theme “European banks: the regulatory angle” in December 2021, with delegates hearing from ECB supervisory board member Edouard Fernandez-Bollo, Sebastiano Laviola, ...
European banks — the regulatory angle: EBA, ECB & SRB on supervisory priorities
Regulation & ratings
Sebastiano Laviola, board member and director of resolution policy and cooperation at the Single Resolution Board (SRB), laid out its priorities for 2022, which aim at ensuring banks’ full compliance with the Expectations ...
On the way to resolvability — SRB 2022 priorities
Regulation & ratings
