Learn International Capital Market with Richa | Finance, Eurocurrency, Bonds, ECBs, GDRs, ADRs

Super interesting! "Interpreting Turbulent Episodes in International Finance" by Hélène Rey and Vania Stavrakeva. "We study the evolving nature of the international finance network, focusing on portfolio equity and debt. We uncover several striking facts. First, there is growing multipolarity in the international finance equity network beyond the USD, with important gross borrowing from EUR and GBP, as well as increasingly AUD, CAD, KRW. Second, we see a deepening in cross-border capital markets particularly for equity liabilities. These are good news for international financial stability. Third, the US and the Euro area have shifted over time, between 2008 and 2023, from being net equity creditors to net equity borrowers." "We then construct a high-frequency proxy of changes in holdings of equity and long-term government bonds for more than 30 countries around the world using market prices and data on cross-country asset holdings." https://lnkd.in/expEiRSD

European securitisation is on track to score another year of healthy volume, confirming its status as one of the hottest sectors in the credit market, despite recent jitters from Tricolor and First Brands. “The stigma of the global financial crisis appears to be fading,” Ian Bettney, a portfolio manager on the secured credit team at Janus Henderson Investors, told IFR. Read the full story here: https://lnkd.in/dhP9bdWf

Today I took part in week 7’s lecture, hosted by the Exeter Student Investment Fund. This week’s lecture was about derivatives. Derivatives allow businesses and investors to hedge against market volatility and manage price risks effectively. They enable flexible investment strategies which enhances portfolio performance. Options grant the right to buy or sell an asset at a set price, without obligation before expiry. Put options protect investors from asset price declines, whereas call options hedge against price rises. However, as with any financial tool, derivatives pose risks. Operational risks, legal and regulatory risks, and model risks need to be considered when deciding whether derivatives are the appropriate ‘option’. #finance #exeter

#DIFC, in partnership with S&P Global Ratings, hosted the launch of the 15th Annual Islamic Finance Conference, a key platform shaping the future of global Islamic finance. The event discussed the sector’s outlook, evolving GCC credit conditions, the growth of sukuk markets, and the increasing role of sustainable finance. The conference also marked the launch of S&P Global Ratings’ Islamic Finance Outlook Report, offering valuable insights into the trends driving the industry’s next phase of growth. Read more: https://lnkd.in/duCB7p-g

New IFR piece - Can Bank of America get to top 3 investment bank? The thing about Investor Day’s are that companies always seem to be top 3 and winning market share. The Markets biz at BofA did well to recover market share in recent years and the company cites increased institutional market share. DCM is a powerhouse at BofA. But hard to see how they break into top 3 of ECM or M&A and trading has been weak this year. Good stats at their Investor Day. Did you know US middle markets is 20% of the Global investment banking fee pool? Did you know they were taking more share with buy side than corporates? Did you know that their fast growing $176bn loan book in Global Markets biz was only 17% prime brokerage hedge funds and mostly auto loans, corporate credit incl private credit and RMBS? Link below in comments to IFR piece 👇

Asian investors are shifting toward US treasuries and securitized products to balance yield and safety. Read our latest insight: https://lnkd.in/g48pd6_M #FixedIncome #USDebt #LSEG #FinancialMarkets

Asian investors are shifting toward US treasuries and securitized products to balance yield and safety. Read our latest insight: https://lnkd.in/eFpuBfSr #FixedIncome #USDebt #LSEG #FinancialMarkets

Enhance your understanding of two key capital markets topics with our livestreamed courses, designed and delivered by industry practitioners. 📘 Securities Lending (in association with International Securities Lending Association (ISLA) ISLA). Explore the mechanics, risks, and market drivers behind securities financing — from collateral management to regulatory impacts. 👉 Learn more & register: https://lnkd.in/ebN65YDA 📗 Inflation-Linked Bonds and Derivatives Gain a comprehensive understanding of structure, valuation, and trading strategies in inflation-linked markets. 👉 Learn more & register: https://lnkd.in/eKjYvGT9 Both courses combine theory with practical insights from experienced practitioners, helping you build deeper market expertise and earn recognised ICMA certification. #ICMA #ExecutiveEducation #FixedIncome #SecuritiesLending #InflationLinkedBonds

Asian investors are shifting toward US treasuries and securitized products to balance yield and safety. Read our latest insight: https://lnkd.in/e-xV3meH #FixedIncome #USDebt #LSEG #FinancialMarkets

Sweden, Finansinspektionen: Finansinspektionen Analyzes Application of Transitional Rules for Covered Bonds Finansinspektionen is conducting an in-depth analysis to examine how issuers of covered bonds have applied the transitional rules introduced in the regulatory framework for covered bonds. The new rules, which came into effect on July 8, 2022, included transitional provisions for bonds issued before the regulatory change, particularly for certain "on tap" bonds, which are expanded under the same ISIN code during their term. The analysis aims to map the outstanding volumes of "on tap" bonds issued by the twelve Swedish institutions authorized to issue covered bonds, to better understand which bonds are subject to the transitional rules and how the volume expansion of individual bonds aligns with these rules. Source: https://lnkd.in/eCxVxv2F