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Companies may obtain fresh funding opportunities in euro commercial paper, as European money market funds move away from bank issuers, which are posting tighter and tighter levels and cutting issuance. [ABSTRACT FROM AUTHOR]

The article reports that the Instituto de Crédito Oficial (ICO) has introduced short term euro paper and response to the same from banking and non-banking firms. Topics include euro trade by banks, European Central Bank`s last targeted longer term refinancing operation (TLTRO), and fund managers and pension funds.

A lack of supply in the European CLO market this summer has left investors desperate to source bonds, with the few deals moving through the pipeline seeing heavy oversubscription and tight spreads. [ABSTRACT FROM AUTHOR]

Regulatory bodies responsible for drawing up the technical standards for the 'simple, transparent, standardised' (STS) framework for European securitization have published five draft consultation papers, seeking industry comment through March. [ABSTRACT FROM AUTHOR]

Some traditional investors in European high yield bonds are showing growing interest in lower rated paper. But a closer look at market dynamics suggests that, rather than just newfound risk appetite, the presence of occasional buyers in the market may also be pushing them down the ratings ladder. [ABSTRACT FROM AUTHOR]

The European investor base jumped on consumer ABS paper this week, with Santander's German auto deal driving spreads to a new low and drawing some long absent investors back to the asset class. [ABSTRACT FROM AUTHOR]

The article details trading deals in European leveraged finance primary markets as of March 15, 2018. Topics discussed include the expected issuance of 1 billion euro worth of papers by investors, market assessment by leveraged bankers and investors, and the potential yield offered by leverage finance.

KfW has sold Europe's first blockchain-based bond, although a quirk of German law meant the transaction had to be replicated on paper. While the bond was instantly settled, those involved say a crucial component is missing if this technology is to become part of capital markets' infrastructure: a cash settlement facility on a distributed ledger. [ABSTRACT FROM AUTHOR]

The European Insurance and Occupational Pensions Authority (EIOPA) floated the idea of a European network of guarantee schemes this week, in the latest indication it is seeking to eliminate disparities in how resolution and recovery of insurance firms works across the EU. [ABSTRACT FROM AUTHOR]

The article reports on Rabobank's release of a position paper that criticized Germany's response to total loss-absorbing capacity (TLAC) of banks. Topics discussed include Rabobank's claim that the German draft law places senior unsecured debt at risk, the Dutch bank's opposition to its adoption as a Europe-wide solution, and the adverse consequences of the German proposal in times of market volatility.