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Bad governance and management is a key cause of failures and near misses among insurance firms, the European Insurance and Occupational Pensions Authority has found, in a report released this week. The body has previously called for a harmonised approach to resolution and recovery. [ABSTRACT FROM AUTHOR]

Aggressive widening of bank bond spreads has halted FIG bond issuance of all kinds in Europe [ABSTRACT FROM AUTHOR]

A lacklustre earnings season and competition from other markets could see spreads bounce wider [ABSTRACT FROM AUTHOR]

Prices in Europe's secondary loan market have fallen to their lowest levels for two months, though investment grade loans bankers say recent sales have gone through at a "decent price". [ABSTRACT FROM AUTHOR]

The largest and darkest clouds that hung over Europe's banks appear to have all but cleared in time for the new year. [ABSTRACT FROM AUTHOR]

Non-US financial institutions have favoured going to the dollar market for unsecured offerings in the first two days of the year, with Crédit Agricole looking to raise tier two capital in the currency on Wednesday. [ABSTRACT FROM AUTHOR]

Having waited a while before testing the water, insurance companies are finally issuing all the debt capital securities described by the Solvency II regulations. But the future looks complicated, as growing calls for an insurance resolution framework threaten to overhaul the way firms are supervised in Europe. By Tyler Davies [ABSTRACT FROM AUTHOR]

Nordea's order book was more than twice oversubscribed for a €2bn deal across two tranches on Tuesday, while Swedbank also found demand for a sterling deal. The deals suggest that, despite tight spreads, investors are not deterred from senior preferred from the right names. [ABSTRACT FROM AUTHOR]

European banks have spent the better part of the last few years toiling away to raise loss-absorbing debt for new capital standards. But with many of the biggest firms closing in on their requirements, an attractive window has opened up in the primary market allowing a host of smaller names to print rare and first-time trades. [ABSTRACT FROM AUTHOR]

European banks are expected to call the first generation of Basel III compliant additional tier one (AT1) instruments, as a prolonged rally in the asset class has made refinancing conditions very attractive for issuers. [ABSTRACT FROM AUTHOR]

Greece's return to bond issuance on Tuesday drew praise from bankers across the SSA sector, who are now eagerly waiting to see whether the book -- much smaller than its previous comeback bond in April 2014 -- trumps that older deal for quality. [ABSTRACT FROM AUTHOR]

The European Central Bank's loose monetary policy was supposed to ease financing terms for smaller and riskier companies. The high yield bond market's appetite for such issues has been limited -- but it is hotting up, just as the ECB signals tightening. [ABSTRACT FROM AUTHOR]

Two European railway operators, Eurofima and SNCF Réseau, plan to sell green bonds through the private placement market in the near future. [ABSTRACT FROM AUTHOR]

The article discusses the funding of European Central Bank (ECB) meeting for European monetary policy modifications. The article reports measures to be taken by the Governing Council for normalizing monetary policy which involves staff inflation and the decrease in oil price. It is suggested that the issue premium will lead to allocation process followed by the price strategy.

The article presents information on the meeting of European bankers in lieu of a European Central Bank meeting. The financial deals closed by companies Bpifrance Financement, Deutsche Bank, and Goldman Sachs, the statistics of the deals, and completion of the second quarter of the funding program European Stability Mechanism (ESM) is discussed.

European ABS spreads have plunged to new tights, but for many investors, effective negative yields are still a better alternative to holding cash. [ABSTRACT FROM AUTHOR]

More to come after Quebecois lender makes Swiss franc covered bond debut [ABSTRACT FROM AUTHOR]

The European high yield market may not be as bleak for issuance volumes as previously thought following a stellar start to the year, according to a variety of market participants. [ABSTRACT FROM AUTHOR]

The article discusses the views of head of capital markets at Caisse d'Amortissement de la Dette Social (CADES), Philippe Noël regarding the U.S. politics which can be a risk of market stability and also can affect the European elections. Particular focus is give to the tax cuts and infrastructure spendings led by U.S. President Donald Trump. Also included are the dollar reserves, dollar volatility, and the decision of European Central Bank to lower the maturity of bonds.

The article presents information on the political decision of European Central Bank to allow only German senior citizens to be eligible for repurchase agreement. Methods for the bank to comply with the Bank Recovery and Resolution Directive, the issuing of the minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) debts, and methods to conduct its monetary policy are presented..

SNCF Réseau will issue the first green bond ever from a European transport company on Thursday. [ABSTRACT FROM AUTHOR]

CNP Assurance's pioneering tier three bond in euros this week will have had funding teams at Europe's insurance firms gripped. The French firm's trailblazer in a new asset class has opened an irresistibly cheap source of capital and there is little standing in the way of a flurry of copycat trades, writes Tyler Davies. [ABSTRACT FROM AUTHOR]

The article reports that the European Securities and Markets Authority (ESMA) is concerned that investors are not aware of the risks of bail-inable bank debt. Topics discussed include the European Union's (EU) Bank Recovery and Resolution Directive (BRRD) and ESMA's suggestion for banks to give buyers a clear picture of their creditor hierarchy.

Expectations in the European high yield market about issuance volumes for 2016 are falling below the €50bn mark as low rated and new borrowers remain absent. [ABSTRACT FROM AUTHOR]

Issuance to pick up after company results released amid a turbulent economic outlook in Europe [ABSTRACT FROM AUTHOR]

Issuers are finding it hard to find credit lines in both the US and Europe [ABSTRACT FROM AUTHOR]

The euro FIG market looks set for its first run of green issuance this year, after two banks announced roadshows this week amid an improvement in tone. [ABSTRACT FROM AUTHOR]

The article reports the failure by European banks to use a capital subsidy called the small and medium enterprise (SME) supporting factor (SME SF) that was included into the Capital Requirements Regulation (CRR) for their loans. According to the European Banking Authority (EBA), the SME SF reduced the total minimum required capital of banks. Also cited is the effort by the EBA to improve data collection on SME lending.

The article reports the move by Bank of America Merrill Lynch (BAML) to conclude its 317 million euro Taurus 2016-1 DE Commercial Mortgage-Back Securities (CMBS) deal in early April 2016. Among the buyers of the deal are asset managers and banks. Also cited are the performance of the CMBS market in Europe, and the rating of the deal.

The article reports the move by Union Bank of Switzerland (UBS) in early April 2016 of a perpetual non-call five year bond deal in dollars to exploit the expansion by the European Central Bank (ECB) of its stimulus program. Also cited are the data issued by the Association for Financial Markets in Europe (AFME) showing that tier one contingent convertible (CoCo) notes issued by European banks dropped by 10% and tier two CoCos declined by 4%.

The article reports on developments pertaining to the financial institutions group (FIG) market in Europe as of March 28, 2016. Topics discussed include the entry of bank companies HSBC, Morgan Stanley, Banque Fédérative du Crédit Mutuel (BFCM), and DVD Bank into the market, the 10-year paper issued by bank company BNP Paribas, and the stimulus measures launched by the European Central Bank during the month.

The biggest players in the international swaps market look to face an impossible race this year to meet European margin requirements, thanks to delays by regulators in putting the plans together. [ABSTRACT FROM AUTHOR]

The article reports on Eurobond offered by banking company BPCE, and mentions maturity of its bond in 2020, along with information on bonds of banking firm BNP Paribas, as of February 2016.

The UK printed on Tuesday a tap of its 0.125% index-linked Gilt maturing March 2046. The note was sold at the tightest spread to the benchmark since it was first syndicated. [ABSTRACT FROM AUTHOR]

The article reports on the decline in Portugal's 10 year bond after European Central Bank (ECB) President Mario Draghi made a pronouncement that the accommodative monetary policy would be reexamined at its December 2015 meeting. Topics discussed include the decline of Eurozone government yields and the potential reduction to ECB's deposit rate.

The article reports on the European Commission's (EC) action plan for Capital Markets Union in Europe in 2015. Topics discussed include the support given by market participants to the action plan, the proposal to reduce risk charges on infrastructure investment by around 30 percent, and the support given by the EC to market-led initiatives.

The article emphasizes the need for private placement (PP) investors to go global, according to participants at the 2015 Euromoney/GlobalCapital Corporate Summit held in Paris, France. Topics discussed include the varied PP markets in Europe, the shortage of international investors in the Euro private placement market, and the success of the Schuldschein market in the international market.

Merck broke a three week hiatus in euro corporate issuance on Thursday, drawing together a hefty order book for a triple tranche M&A driven deal despite shaky markets earlier in the week. [ABSTRACT FROM AUTHOR]

Both the primary and secondary markets for European corporate debt struggled in the second quarter of 2015, but the primary market was the harder hit of the two, according to data released by Trax on Thursday. [ABSTRACT FROM AUTHOR]

This article presents information on the sell-off of securities in the European financial institutions group market in July 2015. It discusses forecasts from bankers on the securities market, the credit default swaps from UniCredit and banking firm Monte dei Paschi, and the improvement in the performance of credit default swaps of core European banks.

Floating rate note issuers have had the jitters over negative coupons since they became an unwelcome reality in April. But Europe's banks, by keeping it simple, may have found a solution to the problems they pose. [ABSTRACT FROM AUTHOR]

Securitization received a timely boost at the International Capital Market Association's annual general meeting in Amsterdam on Thursday. [ABSTRACT FROM AUTHOR]

The article reports on the 2.5 billion euros 10 year debt auctioned by the Italian government on June 11, 2015, which was taken by investors at an average yield of 1.83 percent that represents a 43bp increase over the last sale of the tenor in April 2015 and is the highest rate at an Italian 10 year auction.

The article reports on a private medium term note offered by Finland's Vaasa city government, which marks its capital markets debut and with a May 2020 floating rate note through Danske Bank. Topics discussed include the 40 million euros raised by the city government that was driven by a European bank treasury looking for level one assets, concerns over the note's liquidity, and other Finnish cities that has previously entered the capital markets.

Corporate hybrid capital bonds have been a big beneficiary of this year's credit bull run in Europe, powered by quantitative easing, writes Richard Metcalf. But they have not lost their power to cause controversy and upsets. [ABSTRACT FROM AUTHOR]

GlobalCapital caught up with Nigel Houghton of the Loan Market Association to discuss the real depth of Europe's secondary loan market and leveraged loans' competitive advantage over high yield. [ABSTRACT FROM AUTHOR]

Blackouts ahead of fourth quarter earnings releases kept primary activity sedate on Tuesday, with Münchener Hypothekenbank the only issuer to take to the euro market, selling a small seven year print. [ABSTRACT FROM AUTHOR]

Carlyle has won the race to print the first European collateralised loan obligation (CLO) transaction of the year, pricing its latest deal on Tuesday. Both primary and secondary CLO markets in Europe are busy, according to bankers, who are seeing investor resources being redirected to the higher yielding asset class. [ABSTRACT FROM AUTHOR]

The article reports that high yield bond demand and issuance in Europe has recovered at the start of 2015. Topics discussed include the factors behind the return of high yield in the region's market, the prediction that single-B rated bond issues will be the next popular option in the region and the travel company Thomas Cook's launch of the first single-B rated deal of 2015.

A long drought of new convertible issuance is over in Europe [ABSTRACT FROM AUTHOR]