TwentyFour Blog | Read | 3 min 31 Mar 2023 European Banking crisis fears overdone? With headlines suggesting that deposit outflows in the banking sector are causing concern, Felipe Villarroel looks at the data which suggests that European banks remain resilient. Read more
TwentyFour Blog | Read | 3 min 30 Mar 2023 Funding, capital and ABS as financial market stability tool Douglas Charleston looks at the wider implications of recent bank sector volatility and the opportunities it presents for credit investors. Read more
TwentyFour Blog | Read | 2 min 28 Mar 2023 What is in the price of AT1s after the sell off? After a volatile few days in bank capital, Felipe Villarroel looks at how AT1s are pricing after the sell off. Read more
TwentyFour Blog | Read | 3 min 24 Mar 2023 Central Banks have tools to handle volatility in the banking sector Volatility in banking has dented consumer confidence. Felipe Villarroel explores if central banks have the will and the tools to safeguard financial stability amidst the recent issues with Credit Suisse and regional US banks. Read more
TwentyFour Blog | Read | 4 min 24 Mar 2023 The ESG technical is very strong Johnathan Owen looks at the ECB’s plans to ‘green’ their asset purchasing program going forward, and what this could mean for credit spreads. Read more
TwentyFour Blog | Read | 2 min 22 Mar 2023 How have AT1s traded this week The events that unfolded over the weekend were sure to make for some volatile trading sessions in the Additional Tier 1 (AT1) market this week. Read more
TwentyFour Blog | Read | 1 min 20 Mar 2023 Bank of England joins the ECB on hierarchy The Bank of England joins the European Central Bank in stating that there is a clear hierarchy when it comes to a resolution or an insolvency scenario. Read more
TwentyFour Blog | Read | 3 min 20 Mar 2023 Rules of the Game - from Swiss Finish to Finished Swiss regulators' decision to bail out Credit Suisse equity holders while wiping out AT1 debtholders will see long-term effects on bank debt markets and likely legal action says Eoin Walsh Read more
TwentyFour Blog | Read | 3 min 15 Mar 2023 Credit Suisse - In the Eye of the Storm Partner Eoin Walsh explores what the potential outcome of regulatory intervention for Credit Suisse could mean as negative headlines persist for the bank. Read more
TwentyFour Blog | Read | 2 min 10 Mar 2023 Idiosyncratic or wider bank issue? Deposit outflows at Silicon Valley Bank raise concerns over lending quality and mark-to-market losses, but is this a wider issue for the global banking sector? Read more
TwentyFour Blog | Read | 3 min 9 Mar 2023 CLO documentation provides downside protection to investors As we approach the end of the economic cycle, tighter documentation is becoming increasingly important in providing downside protection against credit and extension risk of CLOs, says Pauline Quirin. Read more
TwentyFour Blog | Read | 1 min 2 Mar 2023 February pull-back widens the entry point for fixed income February was a nasty throwback to the sort of market conditions that battered fixed income in 2022, but the pull-back has given anyone worried they’d missed the January rally an even better opportunity, says Charlene Malik. Read more