The NPL clean-up underway in Italy is positive, but nuanced and differs across the banking industry, according to Moody’s Alain Laurin, associate managing director, and Edoardo Calandro, senior analyst. Here, they outline ...
Moody’s: Italians respond to pressures
Focus
From the Banco Popular crisis to a Catalan declaration of independence, Spanish banks have had to navigate a tough few months. But not only have they survived, they have thrived, achieving pricing records while launching ...
Spanish rise to the challenge
Focus
The first publication of Solvency & Financial Conditions Reports (SFCRs) across the insurance industry has provided a treasure trove of new information for the market to absorb. But has it enriched understanding of ...
Insurance: Big SFCR data
Focus
BE put gender equality centre stage when it sold the first capital instrument from a financial institution to be in social bond format on 9 November, and the Australian insurer’s US$400m perpetual non-call 7.5 deal ...
QBE: Engendering a social buzz
Focus
How are investors positioned and what do they want going into the autumn reopening? Such questions were central to an inaugural survey by Crédit Agricole CIB syndicate conducted in the wake of unprecedented action to tackle ...
CACIB survey: Investors primed for SNP
Focus
The new market for senior non-preferred debt has developed quickly since its opening in December. European Commission plans for a common instrument and ECB interventions have meanwhile both helped and complicated progress. ...
Senior non-preferred: Defining moments
Focus
Bringing together various members of the ICMA Asset Management & Investors Council’s Bail-In Working Group, regulators, issuers and other market participants, a bail-in seminar, chaired by Tim Skeet, was held on 7 ...
Bail-in: Joining the dots
Focus
Efforts in the past year such as NPL reform and the launch of the Atlante fund raised hopes that alternatives to bail-outs/ins could be found to address capital pressures facing Italian banks — but then Brexit struck. Neil ...
Italy: Pride before a fall?
Focus
The year began inauspiciously, with regulatory pronouncements casting a pall of fear and uncertainty over an AT1 market already spooked by macroeconomic news. We asked leading market participants how they expect key ...
2016: New headwinds hit
Focus
