Funding, capital and ABS as financial market stability tool
Douglas Charleston looks at the wider implications of recent bank sector volatility and the opportunities it presents for credit investors.
Insights Topic
TwentyFour
What is in the price of AT1s after the sell off?
After a volatile few days in bank capital, Felipe Villarroel looks at how AT1s are pricing after the sell off.
Central Banks have tools to handle volatility in the banking sector
Volatility in banking has dented consumer confidence. Felipe Villarroel explores if central banks have the will and the tools to safeguard financial stability amidst the recent issues with Credit Suisse and regional US banks.
The ESG technical is very strong
We look at the ECB’s plans to ‘green’ their asset purchasing program going forward, and what this could mean for credit spreads.
How have AT1s traded this week
The events that unfolded over the weekend were sure to make for some volatile trading sessions in the Additional Tier 1 (AT1) market this week.
Bank of England joins the ECB on hierarchy
The Bank of England joins the European Central Bank in stating that there is a clear hierarchy when it comes to a resolution or an insolvency scenario.
Rules of the game - from Swiss finish to finished
Swiss regulators' decision to bail out Credit Suisse equity holders while wiping out AT1 debtholders will see long-term effects on bank debt markets and likely legal action says Eoin Walsh
Credit Suisse - In the eye of the storm
Partner Eoin Walsh explores what the potential outcome of regulatory intervention for Credit Suisse could mean as negative headlines persist for the bank.
Idiosyncratic or wider bank issue?
Deposit outflows at Silicon Valley Bank raise concerns over lending quality and mark-to-market losses, but is this a wider issue for the global banking sector?
Will bank lending change the ECB’s view on inflation?
European banks’ tighter lending standards are chipping away at corporate loan volumes and adding to the uncertainty surrounding the ECB’s inflation projections due later this month, says Felipe Villarroel.
February pull-back widens the entry point for fixed income
February was a nasty throwback to the sort of market conditions that battered fixed income in 2022, but the pull-back has given anyone worried they’d missed the January rally an even better opportunity, says Charlene Malik.
Traffic jam for European ABS issuers
With cheap central bank funding fading, European ABS issuers are back to placing deals in the primary market and broadening the range of liquid assets available to investors, says Doug Charleston.