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Eddie McAvinchey has been appointed as the director for banking and investments in Scotland at the UK Infrastructure Bank (UKIB). Based in Edinburgh, McAvinchey will focus on developing and supporting the UKIB's network in Scotland, with a particular emphasis on clean energy, digital, transport, water, and waste. The UKIB, a Treasury-owned policy bank, aims to provide £22 billion of infrastructure finance to help tackle climate change and boost local economic growth. The bank has supported projects in all four UK nations and recently made its first investment in London. [Extracted from the article]

Deposits are on the move, to the extent that the biggest and supposedly safest institutions cannot onboard the customers wanting to open accounts with them. The supreme irony of the events immediately preceding the collapse of SVB, of course, is that they were triggered by its customer base, urged on by those owners, finally embracing the eminently sound policy of diversification of depository counterparties in an unseemly rush. Deposit guarantees Second, the status of deposits - all deposits - is now of critical importance. [Extracted from the article]

German policy bank in comfortable position after renewing its entire dollar curve [ABSTRACT FROM AUTHOR]

Chakraborty also held the positions of senior advisor to the vice president (Private Sector and Cofinancing Operations) and principal investment specialist in PSOD at ADB. He was the director of infrastructure finance division 1 and previously the director of the private sector transaction support division in the Private Sector Operations Department (PSOD). Asian Development Bank (ADB) has appointed Shantanu Chakraborty as country director for Vietnam. [Extracted from the article]

Following large declines the previous day, base metal futures on the London Metal Exchange were little changed at the 5pm close on Tuesday February 7 while markets await US Federal Reserve Bank chair Jerome Powell's speech, which may provide a light on the central bank's policy in regard to inflation. [ABSTRACT FROM AUTHOR]

Moody's Investors Service has downgraded the outlook for eight Chinese banks to negative due to concerns about China's growing debt and its impact on the economy. This includes three policy banks and five large state-owned commercial banks. Moody's also downgraded China's government credit ratings outlook to negative, citing potential effects on China's fiscal, economic, and institutional strength. Additionally, Moody's revised its outlook for Hong Kong SAR and Macau, and is reviewing 26 Chinese local government financing vehicles for potential downgrades. Despite maintaining China's credit rating at "A1," Moody's suggests that the rating could be cut in the future. [Extracted from the article]

CME Group, a US derivatives exchange, has announced that it will be launching a €uro short term rate (€STR) options contract in the first quarter of next year. This move will make CME the first traditional derivatives exchange to offer options on the European alternative lending rate. The decision to launch the €STR options contract is in response to strong demand for the futures product since its availability to traders in October 2022. CME aims to replicate the success of its SOFR franchise and provide clients with the ability to position themselves around central bank policy movements. This announcement increases competition between CME, Intercontinental Exchange (ICE), and Deutsche Boerse's Eurex, all of which offer €STR futures contracts. [Extracted from the article]

South Korean policy bank aims to continue a bumper year of funding with Swiss bond [ABSTRACT FROM AUTHOR]

Policy bank to issue about €15bn this quarter [ABSTRACT FROM AUTHOR]

Policy bank hopes building a full curve will provide more clarity to pricing [ABSTRACT FROM AUTHOR]

Chakraborty also held the positions of senior advisor to the vice president (Private Sector and Cofinancing Operations) and principal investment specialist in PSOD at ADB. Asian Development Bank (ADB) has appointed Shantanu Chakraborty as country director for Vietnam. He was the director of infrastructure finance division 1 and previously the director of the private sector transaction support division in the Private Sector Operations Department (PSOD). [Extracted from the article]

The Bank of England (BoE) has proposed an increase in the fees the bank charges clearing houses and settlement depositories, citing costs related to the regulator's wider role post-Brexit. The BoE also supervises and will levy incoming clearing houses and depositories for the first time since announcing plans and fees for the firms in November 2022. [Extracted from the article]

Second tap in the currency in recent weeks as policy bank surges ahead with arb funding [ABSTRACT FROM AUTHOR]

The Bank of England on Monday has launched its first financial market stress test covering both banks and non-bank firms such as hedge funds and pension funds. The SWES markets of focus include the gilt market, gilt repo market, sterling corporate bond market and associated derivative markets. [Extracted from the article]

Central bank policy is the crucial factor in market outlook [ABSTRACT FROM AUTHOR]

Key central bank policy meetings have cleared the air, but confidence is lacking [ABSTRACT FROM AUTHOR]

The issuers want to be frequent visitors to the euro market and, more importantly, evolve into SSAs [ABSTRACT FROM AUTHOR]

The Beijing-based multilateral is proposing to finance green sub-sectors in China by providing a $200 million loan in Rmb equivalent to China EXIM Bank, one of China's 3 state-owned policy banks. Asian Infrastructure Investment Bank (AIIB) mulls strengthening the impact of an Asia-based export-import bank's green loan portfolio by providing a $200 million non-sovereign backed loan. [Extracted from the article]

Describes how United States futures exchanges and their clearing houses are disadvantaged by federal banking and futures regulations relevant to the clearance and settlement of non-dollar futures and options products. Risks associated with non-dollar deposits; Key element in the clearing arrangements for exchange-traded instruments; Significant changes in both the banking and futures industries.

The South Korean policy bank priced a tight two year social deal [ABSTRACT FROM AUTHOR]

The article focuses on the decision of Bank of Portugal to bail-in senior bondholders of bank Novo Banco which may breach the bail-in powers introduced by the European Central Bank (ECB). Topics discussed include the application of Bank Recovery and Resolution Directive (BRRD) bail-in regulation, retransfer of assets and liabilities between Novo Banco and Banco Espiríto Santo, and bank funding market.

The South Korean policy bank met its target size and price on a busy day for deal flow [ABSTRACT FROM AUTHOR]

Investors will demand more from issuers to compensate for less predictable central bank policy path [ABSTRACT FROM AUTHOR]

"For example, unlike prior MPC tightening cycles, medium-term interest rate expectations (measured by instantaneous forward rates 2, 5 and 10 years ahead) have risen roughly in line with Bank Rate since late last year. The Bank of England is set to hike British interest rates further in the short-term despite a likely slowdown in global growth, a member of the UK Monetary Policy Committee (MPC) has said. [Extracted from the article]

The article looks at trends in the banking sector in Central America in 2015. Colombian banks are entering the market as international banks depart in the region. Changes in bank regulations are expected to drive further consolidation. Also discussed is the difference between international banks and regional banks in the region.

The article focuses on the new economic policy designed by the government of Turkey. The government aims to overcome complications of inadequate public finance and a weakened banking system. The key structural elements of the new policy are a strong focus on public sector reform and liberalising the markets for a growth led by the private sector. Public sector management and governance will be reinforced along with the privatisation of state-owned business enterprises and opening of the markets in energy and telecommunications. INSET: Bircanoglu Attorneys at Law.

The premium attracted orders, leading to a tightening in the policy bank's bonds in the secondary market [ABSTRACT FROM AUTHOR]

The policy bank makes quick loan return [ABSTRACT FROM AUTHOR]

Short term worries over potential for war as market mulls consequences for central bank monetary policy [ABSTRACT FROM AUTHOR]

Covered bond issuers will be closely scrutinising the European Central Bank's policy meeting on Thursday before re-engaging the market with vigour [ABSTRACT FROM AUTHOR]

Covered bond and rates traders were constructive on the near term prospects for those markets on Tuesday despite some uncertainty about the effect of central bank policy and forthcoming issuance from the EU [ABSTRACT FROM AUTHOR]

South Korean policy bank goes big to improve liquidity in its bonds and reduce future funding pressure [ABSTRACT FROM AUTHOR]

German policy bank joined by Netherlands and Australia in setting new funding targets [ABSTRACT FROM AUTHOR]

Central bank policy comes to the fore as Omicron fears fade [ABSTRACT FROM AUTHOR]

The article focuses on the new bank-ownership rules imposed by Indonesia's central bank and its effect on investments by foreign banks. Bank Indonesia has reduced the stake that can be acquired by a single foreign shareholder in a bank from 99 percent to 40 percent. This has led Singaporean bank DBS to withdraw from a merger and acquisition deal with Bank Danamon. The author expresses concern that the policy would drive off international capital that could help the country's banking sector.

This article focuses on the plan of the government of Croatia to restructure its banking industry in 1998. With the appointment in February of former finance minister Bozo Prka as the new head the country's largest bank Privredna Banka, the government has shown it is serious about bank restructuring. A 25% to 35% stake in Privredna, which could be worth up to $70 million, will eventually be sold off. With such opportunities beckoning, it is not surprising that foreign commercial and investment banks are already queuing up to take advantage of them. They are taking up their positions for shots at the country's lucrative privatization process and trying to offer competitive kuna lending rates be accessing the local currency markets. INSETS: Croatia's last chance;We wouldn't rule out a syndicated loan.

The article offers information related to Asia Pacific. Topics discussed include the move of the China Banking and Insurance Regulatory Commission (CSRC), removing the limits on foreign ownership of Chinese banks, the consultation conclusions published by the Hong Kong Stock Exchange on the guidance for boards and directors and the Corporate Governance Code, and the new data privacy law in India.

But it was a case of tight pricing and secondary market widening for the Korean policy bank's bonds [ABSTRACT FROM AUTHOR]

The Korean policy bank printed an €850m green bond on Monday, and is now seeking a dollar deal [ABSTRACT FROM AUTHOR]

Local government prices three dim sum bonds 15bp inside the yield curve of the Chinese policy bank [ABSTRACT FROM AUTHOR]

The IDRs, support rating and support rating floor reflect Fitch's expectations that the Taiwanese government has extremely high propensity to extend extraordinary support to the bank, if needed. Fitch Ratings has upgraded The Export-Import Bank of the Republic of China's (Taiwan EXIM) long-term issuer default rating (IDR) to AA from AA-. Taiwan EXIM is a wholly state-owned policy bank that is supervised by the Ministry of Finance (MoF). [Extracted from the article]

The South Korean policy bank raised $500m from another ESG deal on Monday [ABSTRACT FROM AUTHOR]

The Bank of England will hold a key monetary policy meeting on Thursday, where market participants hope to glean some insights on how the Bank will react to the UK's surging rate of inflation. [ABSTRACT FROM AUTHOR]

The Export-Import Bank of China (Chexim) has sold a renminbi-denominated perpetual bond, becoming the first of the country's three policy lenders to tap the onshore debt market for additional tier one capital. Addison Gong reports. [ABSTRACT FROM AUTHOR]

Central bank policy is expected to create eye-catching arbitrage funding opportunities for high grade US companies in euros, with tens of billions worth of Reverse Yankee bonds forecast for the back end of this year. Meanwhile, the dollar market remained a strong draw for European companies this week despite rates volatility, after Enel printed the largest ever sustainability-linked bond. Mike Turner reports. [ABSTRACT FROM AUTHOR]

In this round-up, China's industrial profit growth moderates in May, Geely Automobile Holdings will not pursue a planned listing on the Star market in Shanghai, and Beijing approves the first onshore perpetual bond from a policy lender. [ABSTRACT FROM AUTHOR]

The European Central Bank will allow banks to exclude central bank exposures from their leverage ratios for longer than originally planned, sparking a debate over whether the relief measure could become a more permanent feature of EU banking policy. [ABSTRACT FROM AUTHOR]

The Bank of England became the latest major central bank to keep its policies on hold on Thursday, but treasurers at large corporates and investors are urging a return to normal monetary policy soon. [ABSTRACT FROM AUTHOR]

Two Chinese policy banks have issued dollar-denominated bonds onshore after a long hiatus, as the renminbi exchange rate continues to strengthen and foreign currency deposits in China hit a record high. [ABSTRACT FROM AUTHOR]