Fitch highlights European high-yield fund risk
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
Investing
Background
Investment is the placement of a company's surplus liquidity either in the financial markets or the use of the excess liquidity internally within the company. The main objective of investment is…
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New Development Bank approves green loans for China projects
Formerly known as the BRICS Bank, funding of US$667 million is given the go-ahead for two major transport infrastructure projects
China’s regulator ‘to tighten rules for cash management products’
The China Banking and Insurance Regulatory Commission wants the treatment of CMPs to be similar to money-market funds, a report states
More UK defined benefit pension plans are cashflow negative
Strong equity returns in 2017 and rising yields last year “helped many DB plans to move closer to their endgame,” reports Mercer
ESG bonds boom in South Korea
June 2019 is shaping up to be a bumper month, with major green bond offerings and a social covered bond
Why can’t post-trade be more like Amazon?
by Emma Johnson, Director, regulatory and market initiatives, securities services , Deutsche Bank
If a washing machine can be ordered from Amazon and delivered next day, why can’t a purchased security be credited as speedily?
Banks remain key to US corporates’ investment strategy
Nearly all report that their bank relationships are core to their operating cash investment mix, an AFP survey finds
ICAP opens doors to digital asset trading
The world’s largest interdealer broker’s launch of its Digital Asset Markets business paves the way for bitcoin trading
Malaysia’s PNB pledges to optimise liquidity management
The government-linked investment company plans to invest more overseas and accelerate its diversification strategy
ESG ‘has become integral part of investment process’
Most organisations are making sustainability a major consideration, reports Morgan Stanley Investment Management
LGIM adds more big names to climate change blacklist
Legal and General Investment Management adds five companies, including oil giant ExxonMobil, judged to be laggards
MoneyGram gets US$50m boost from union with Ripple
The money transfer company’s strategic partnership with the blockchain solutions pioneer is initially for a two-year period
Commercial real estate stock exchange nears launch
The International Property Securities Exchange (IPSX) will be dedicated to commercial real estate owners and managers
London-Shanghai Stock Connect is launched
The reciprocal arrangement between the two cities’ stock exchanges was first announced in 2015 and is six months late
African Development Bank steps up digital financial inclusion drive
The Africa Digital Financial Inclusion facility aims to develop digital financial transactions across the continent
HSBC earmarks US$880m for Hong Kong tech start-ups
The GBA+ technology fund will offer senior debt financing to top up funding from venture capital and private equity firms
Fitch: MMF reform has yet to extend to South Africa
Money market fund reform in North America and Europe hasn’t yet reached the country, as South Africa opts for a ‘wait and see’ approach
US healthcare sector’s CFOs focus on IT system integration
A survey by industry researcher Black Book identifies it as their main IT challenge, reflecting a lack of investment in recent years.
IFC and HSBC aim to galvanise green bond market
The Real Economy Green Investment Opportunity (REGIO) is promoted as the first global green bond fund.
Open banking platform Tink confirms PayPal as investor
The platform, originally a consumer finance app launched in Sweden, has expanded in six years and recently raised €56m in new funding.
Credit Suisse pioneers first in Singapore dollar bond market
CS’s first Singapore dollar-denominated AT1 perpetual bond is hailed as a new source of bank funding that diversifies the investor base
Co-op’s £300m bond will support Fairtrade producers
The UK mutually-owned society has pioneered a sustainability bond in a first for the retail sector.
Philippines returns to the panda bond market
The Republic of the Philippines accessed the market for the second time in 15 months with a 2.5 billion yuan offering.
Deutsche Bank charts ‘Amazonisation’ of securities post-trade
A white paper issued by the bank evaluates the progress of harmonisation initiatives and calls for uniform regulations.