Leader

  • The UK shouldn’t chase Spacs

    The UK shouldn’t chase Spacs

    The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism. Even in the US, the epicentre of the Spac craze, there is a growing clamour for the Securities and Exchange Commission to toughen listing rules.

  • Ignorance is bliss

    Ignorance is bliss

    “What gets measured gets managed,” goes an old saw popular in sustainable finance circles. If companies, investors and banks, the argument says, collect better environmental and social data, this knowledge will naturally breed improvements in performance.

  • EU shines a light on outdated SSA fees

    EU shines a light on outdated SSA fees

    The standardised sovereign, supranational and agency bond fees grid has stood unchallenged for too long. The EU has written its own. Perhaps it’s time for others to follow suit.

  • Who’s the banker in the black?

    Who’s the banker in the black?

    Let history show that even though no one even kicked a ball in the European Super League, it still had a winner: JP Morgan.

  • No such thing as a temporary safe asset

    If the European Union wants its bonds to be considered the true eurozone safe asset, then it’s going to have to start acting like it means to stick around.

  • SDRs: better late than never

    SDRs: better late than never

    The announcement this week that the IMF is on its way to issuing a further $650bn of special drawing rights, providing central banks with extra foreign currency liquidity, should not be criticised for being too little, too late. It marks a much needed return to multilateralism, something that the developing world will benefit from.

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