The tapering-inspired exodus of capital from fixed income and equity markets has forced down emerging market currency yields, killing the high-yield trade and leading to a massive unwind of currency positions, according to currency traders on both sides of the Atlantic.

Recent market volatility and the associated disappearance of FX liquidity, from hedge fund-backed algos, underscore the proliferation of new trading venues, the complexity of electronic FX trading and fears among end-users that many liquidity providers do not have their best interests at heart.

Just months into the recovery in the UK housing market, prices are beginning to look stretched as loose monetary policy and government aid to buyers drives the gap between valuations and incomes ever wider, according to analysts. Are the seeds being sown for a horrible correction in 2015?

With India’s faltering economy lurching from bad to worse the country’s central bank governor-designate has his work cut out to tackle problems ranging from a falling currency and high inflation to urgently needed structural reforms.

More European companies should consider issuing renminbi bonds to build a name in China, despite plentiful euro and dollar financing elsewhere, writes Ingrid Hengster, RBS Country Head, Germany, Switzerland and Austria.

Encumbrance of assets on banks’ balance sheets has shot up in the eurozone periphery especially, sparking a push for greater disclosure in the market amid fears over increased risk sensitivity among unsecured creditors.

The ‘bail-in’ provisions of the European Union’s resolution regime continue to create concerns among creditors about where they stand in the pecking order for payments if everything goes wrong. Meanwhile regulators and owners of bank debt are still evaluating the demand for credit under the new rules.

European regulators are apparently preparing for a regulatory turf war over the reformed Libor benchmark. A draft EU legislative proposal leaked in early June indicates that Brussels feels that Libor falls within its jurisdiction to regulate important market benchmarks, their contributors and their administrators.

Brazilian capital markets are showing signs of life again after a particularly torrid summer as industrial conglomerate Odebrecht priced a $1.7 billion nine-year bond. But investor wariness towards Latin America’s largest economy persists.

China’s economy is embarking on a new and critical phase of development as the country attempts to navigate its way beyond growth for growth’s sake to create an economy that serves the needs of its people.