All economic indicators suggest the country is a global growth market. Except one: its capital markets are small and underdeveloped. Bankers bemoan a lack of investors; investors say there are not enough products. A new stock exchange head aims to break the impasse. Could SMEs bring the market out of its shell?

It’s been a good start to the year for Asian debt capital markets. Sovereigns have issued, high yield is back. But will the deal flow continue to rise?

The market for funding Europe’s banks is becoming ever more dysfunctional. The ECB continues to amass ever-greater volumes of ABS as desperate banks scramble to pledge it against cheap funding. Could this dynamic push ABS to be rehabilitated from the source of all evil to the font of desperately needed liquidity?

AUD, CAD, NOK, SEK on precipice; Risk of value reversal

Banks told to raise buffers; Weaker banks dependent on ECB

More Chinese companies repatriate; Shanda Interactive ‘to list subsidiary’

BTMU expands FX business outside Japan; Strong yen boosts Japanese M&A flow

Derivatives dominance spells doom; Mifid undermines traditional model

New deals spur CNH market development; Structural issues remain

Tighter rules on imports and capital outflows; Potential export growth being stymied

Bolivia is preparing to issue a $500 million international bond, primarily as a statement about the strengthening of the country’s finances.

The big players continue to dominate a profitable business line. But some investors are looking to challenge their hegemony by moving into market making as well as proprietary risk taking.

The big players continue to dominate a profitable business line. But some investors are looking to challenge their hegemony by moving into market making as well as proprietary risk taking.

Munibond fears abate; Volcker Rule may stem liquidity

Local firms are making the most of the purge of bad debts from the system and the opportunities that efforts to indiginize the oil industry offer.

There is no doubt that the ECB’s December three-year long-term refinancing operation (LTRO) auction was the key factor in taking the likelihood of a liquidity-driven bank funding crisis off the table in Europe.

Ronald Reagan once joked that the nine most terrifying words in the English language are: “I’m from the government and I’m here to help.” Wall Street traders tend to share the view that the business of profiting from capital flows works best with minimal interference, but the government in the form of the Federal Reserve recently gave the moribund market in mortgage-backed securities a big boost.

Credit Suisse maintained its reputation for bonus structure creativity when times are tough with its recent move to make payments to some staff in the form of bonds linked to its own derivatives counterparty exposure. The paper will offer healthy coupons of 5% in Swiss francs or 6.5% in dollars, but without the upside offered by the original Partner Asset Facility (as it was dubbed) from 2008, which delivered a return of 70% by giving staff exposure to toxic mortgage and high-yield debt assets that had collapsed in price but later recovered value.

Corporates sweep out cash ‘every evening’; Banks respond to clients to relocate deposits

By piling up the burden on banks, regulators have started a shrinking of the banking industry that they can no longer control and that markets are accelerating. This threatens the real economy, and market participants want to delay and review of the new rules. Regulators are divided. Some want to pause, most want to press on, but they are all united in their desire for one thing: not to take any blame.

Deals are more than numbers and synergies – they’re about the people involved. If the Glencore and Xstrata deal goes through, it will have a big effect on the M&A league tables but it might also stumble over a regulatory fence on the way. Abigail Hofman dissects the possible creation of a $90 billion conglomerate