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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

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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

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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

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“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

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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

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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

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IFRS 17 and a revised S&P model are among challenges the insurance sector will have to tackle this year, even if they have weathered the Covid-19 pandemic well. ESG is meanwhile rising up the agenda, and the interest ...

Insurance outlook 2022: industry ‘well placed’ to face regulatory, rating challenges

Focus

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Following last week’s ECB and Fed decisions, and with Covid-19 and inflation uncertainty only increasing into the new year, financial issuers will have to navigate an even busier January primary market than expected amid ...

2022 set for bumper, bumpy reopening as inflation, Covid complicate macro outlook

Market

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Main Street and Wall Street may have reconnected at a bullish juncture lately, but amid supply chain struggles, a spike in inflation has fuelled rates volatility and the latest from Fed chair Powell is that tapering may be ...

2022: Positives eyed despite inflation, Covid risks

Focus

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AIA entered the euro market on 2 September with a €750m 12 non-call Tier 2 deal that attracted a peak €4.4bn book and beat spread expectations. Ethan Farbman, head of external capital and liquidity, group treasury, AIA ...

Euro investors buy into AIA’s distinctive story as €750m T2 debut beats expectations

Q&As

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On 24 June, the European Banking Authority published an updated AT1 monitoring report highlighting its considerations regarding the use of ESG bonds for own funds and eligible liabilities. At a CACIB event, Delphine ...

Bank ESG Capital: The EBA perspective

Focus

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Well-received remarks from Fed chair Jerome Powell set the stage for records to fall in the financial institutions space this week, as investors took their foot off the brake, allowing issuers from Allianz to CaixaBank to ...

AIA, Allianz put down markers as coupon records fall on back of Powell taper stance

Market