The GlobalCapital Podcast

ECB baffles bank bond market by mulling AT1 abolition


Listen Later

Send us a text

◆ Simplification plans boggle bank boffins 

◆ Hungry, hungry hyperscalers to push utilities into bond market 

◆ A loan in the sand: private credit jostles for place in Middle East debt markets

On last week's episode we discussed how the ECB was preparing to recommend simplifications to the way EU banks are regulated, in order to make them more competitive and to drive growth. This week it made its recommendations but they seem far from simple and contain suggestions to abolish the most subordinated layer of bank capital altogether — additional tier one.

We delve into what the ECB said, experts' reactions to the news and discuss what changes will follow.

The demand for data centres and their thirst for energy is likely to lead to another bumper year for Europe's corporate bond market. But it won't just be the big US tech companies bringing deals. Utility companies are also expected to raise cash for capex as they power up their grids to feed the big data beasts.

Finally, with private credit seemingly spreading its tentacles into so many debt markets, we take a look at how it is gaining a foothold in the Middle East, where the need to raise capital is ballooning, and assess the threat it poses to public markets.

...more
View all episodesView all episodes
Download on the App Store

The GlobalCapital PodcastBy GlobalCapital


More shows like The GlobalCapital Podcast

View all
Exchanges by Goldman Sachs

Exchanges

955 Listeners

FT Tech Tonic by Financial Times

FT Tech Tonic

98 Listeners

FT News Briefing by Financial Times

FT News Briefing

644 Listeners

Making Sense by J.P. Morgan

Making Sense

60 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,303 Listeners

Here's Why by Bloomberg

Here's Why

63 Listeners

At Any Rate by J.P. Morgan Global Research

At Any Rate

77 Listeners

Macro Hive Conversations With Bilal Hafeez by Bilal Hafeez

Macro Hive Conversations With Bilal Hafeez

100 Listeners

FICC Focus by Bloomberg Intelligence

FICC Focus

29 Listeners

The Markets by Goldman Sachs

The Markets

79 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

181 Listeners

The Credit Edge by Bloomberg Intelligence by Bloomberg

The Credit Edge by Bloomberg Intelligence

33 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

2 Listeners

Another Fine Mezz by George Smith, Tom Hall

Another Fine Mezz

0 Listeners

The Economics Show by Financial Times

The Economics Show

145 Listeners