financial sector

Watchdog urges creation of EU bad bank – EU Observer – 31/01/2017

The European Union should create a publicly-funded asset management company to sweep up the bad loans choking economic growth, the bloc's banking watchdog said on Monday (30 January). The European Banking Authority (EBA) said dealing with the non-performing loans was "urgent and actionable".

Source:  EU Observer, 2017/01/31

By |February 2nd, 2017|Categories: News|Tags: , , , |

France becomes second country to issue green bonds – Euractiv – 03/01/2017

France today (3 January) launched its first green bonds, becoming only the second country to do so, after Poland. But the absence of international standards has raised questions at the European Commission.

Source:  Euractiv, 2017/01/03

By |January 5th, 2017|Categories: News|Tags: , , , |

US politics and the unwelcome return of country risk – Financial Review – 08/11/2016

Does the world demand at least a single, haven market? Since the financial crisis, that island of stability has been the US. Predictable (if gridlocked) politics, steady economic growth, the world's reserve currency and a solidifying banking sector have made it stand out. Even the occasional crisis over the debt ceiling failed to dent the [...]

By |November 9th, 2016|Categories: News|Tags: , , , , |

Moody’s upgrades Hungary’s credit rating back to investment grade – Hungary today – 07/11/2016

Ratings agency Moody’s has bumped Hungary back into investment grade, upgrading Hungary’s long term issuer and senior unsecured government bond ratings by one notch to Baa3 from Ba1 with a stable outlook.

Source:  Hungary today, 2016/11/07

By |November 9th, 2016|Categories: News|Tags: , , |

The first major green finance shift?

A little less than a year after the COP21 was held in Paris, two major French banks, Société Générale and Crédit Agricole, announced today that they would from now on stop funding coal mines and coal-fired power plants worldwide. This decision was made in the wake of the Carbon Finance Day that will be held [...]

By |October 27th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Oil Investors Ease Back as Market Steadies Before OPEC Talks – Bloomberg – 24/10/2016

Oil investors are playing it safe as OPEC hammers out the details of a deal to trim output. Money managers reduced bets on falling prices to the lowest since May as oil held above $50 a barrel, prolonging a rally that began when the Organization for Petroleum Exporting Countries announced a deal to cut production [...]

By |October 27th, 2016|Categories: News|Tags: , , , , , |

US bond market’s buyers are selling like never before – The Economic Times – 27/09/2016

They've long been one of the most reliable sources of demand for US government debt. But these days, foreign central banks have become yet another worry for investors in the world's most important bond market. Holders like China and Japan have culled their stakes in Treasuries for three consecutive quarters, the most sustained pullback on [...]

By |September 29th, 2016|Categories: News|Tags: , , , |

AFD on the path of climate change-oriented reforms… and so are we

Fighting against climate change is this century’s battle. It involves not only our future, but also the future of our children, and Gael Giraud, Chief economist of the Agence Française de Développement (AFD) knows it. On Thursday, he was once again invited on national radio to explain his views and used a very sensible metaphor.
- Imagine a [...]

By |September 23rd, 2016|Categories: Analyst's Insight|Tags: , , , , , , , , |

Nation’s largest banks all pass Federal Reserve ‘stress tests’

The U.S.’ largest financial institutions have enough armor to withstand the turmoil of a major and prolonged U.S. and global recession, the Federal Reserve said Thursday.

Source:  Los Angeles Times, 2016/06/24

By |June 28th, 2016|Categories: News|Tags: , , , |

Italian Energy Referendum Fails to Draw Necessary Turnout

Brazil's perceived sovereign risk among investors fell on Sunday, with the cost of insuring Brazilian bonds for five years falling yet again in the credit-default swaps market after the country's lower house of Congress voted to back the impeachment of President Dilma Rousseff for breaching budget laws.

Source:  Reuters, 2016/04/17

By |April 19th, 2016|Categories: News|Tags: , , |