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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
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
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
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
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
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
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
UniCredit successfully rounded off the first half the year in European bank capital on 30 June, issuing a €750m perpetual non-call seven Additional Tier 1 amid a pre-summer flurry of supply, with issuers still able to tap ...
UniCredit AT1 wraps up H1 with market finely poised
Market
Attractive opportunities for European banks in the US dollar market are expected to persist into the second half of the year, given the anticipated sharp drop-off in overall investment grade supply that is expected to ...
Yankee drumbeat to persist on supply, XCCY levels
Market
Macif sold the first ever transaction to include RT1, Tier 2 and Tier 3 tranches on 14 June, a €1.75bn three-tranche deal that attracted some €12.1bn of demand from more than 400 accounts, as the insurer successfully ...
Macif well positioned after €1.75bn M&A hat-trick
Market
Green, social and sustainability (GSS) bond issuance has trebled its share of key bank products in the first half of 2021, as banks increasingly seek to satisfy investors by reinforcing their ESG credentials and to leverage ...
SNP, Tier 2 lead H1 green and social bank bloom
Market
Crédit Agricole SA (CASA) achieved a participation rate of around 80% in a novel one-for-one exchange offer for holders of a £500m (€582m) Additional Tier 1 in June, with the majority of investors keen to switch from a ...
CASA £500m AT1 exchange beats expectations
Market
