Africa’s growth is one tribute to the former president’s legacy.

Asia Pacific’s moribund M&A market needs promised reforms in China to be effected as soon as possible.

Fed tapering will prompt rises in yields for African hard-currency debt, but this doesn’t mean that countries with strong economic fundamentals should hold off issuing.

Regulatory pressures mean private banking is less and less lucrative; the bigger players will benefit.

Will Paul Volcker, author of the rule that has banned banks from proprietary trading, now stand up, perhaps beside Gary Gensler, recently departed head of the Commodity Futures Trading Commission, and lambast banks for not trading enough?

There is too much bearish sentiment towards Brazil - investors shouldn't forget the long-term trends and the fundamental strengths of the economy.

The fight between the US Treasury and Fannie Mae and Freddie Mac preference shareholders took a bizarre turn last month. Having filed a class-action lawsuit against the Treasury in June seeking $41 billion in damages from its suspension of dividends in August 2012, some preference shareholders in the two GSEs have now offered to buy them from the government as well.

The absence of senior officials at the opening of China’s first FTZ doesn’t mean it’s not a priority.

Convinced that reviving the moribund securitization market is the best way to channel funding to small and medium size enterprises, the ECB is now championing the financial technique at the centre of the systemic collapse five years ago. Convinced any U-turn is justified to support the small companies that might drive Europe's economic recovery, the ECB now finds itself at war with regulators still determined to clamp down hard on securitization.

Tinkoff has sold a clever story of another kind of Russian bank.

Best to be big, preferably Mexican and almost certainly not Brazilian.

Kenya has waited nearly seven years to get its debut Eurobond issue off the ground, so why not wait a few more weeks?

Hong Kong’s exchange, starved of big IPOs, is adopting a more conciliatory tone on the landmark potential listing.

Post-crisis, you can’t just run a bank in the interests of shareholders.

The IMF/World Bank meetings took place as chaos loomed in Washington – but you’d never have known it.

Turkey and Russia need to watch out; their regional dominance of investor attention is no longer so assured.

London should be wary of the Duchy’s ambitions to become Europe’s RMB hub.

The new free-trade zone in Shanghai is much more likely to invigorate Hong Kong as a financial sector than threaten it.

Huishan Dairy deal shows how the trend for multiple bookrunners is out of control.

S&P might be taking too narrow a view when it identifies tech glitches as a credit risk for exchanges.

Dell’s bumper LBO shows the high yield pendulum has swung back to loans as investors seek floating-rate exposure.

Comb back through reports and analysis filed by sell-side analysts in the run-up to the Federal Open Market Committee meeting on September 18 and you’ll struggle to find any predicting that the Federal Reserve would continue apace with monthly purchases of agency MBS and Treasury securities.

Banks everywhere hire well-connected employees as standard practice. Why should Hong Kong so grate with US regulators?

Despite Roussef’s protestations, only structural reform will put Brazil back on a growth path.

EC proposals might reduce the influence of credit rating agencies. But are market participants likely to ignore the agencies’ assessments?

The Abenomics high might give Japan’s markets a hangover if structural reforms are not implemented.

Frontier markets may not lend themselves to an easy acronym. But they deserve plenty of attention from the world’s emerging market investors.

Talk to big dealers and investors in the secondary corporate and government bond markets and it is clear that radical changes are coming. An exchange-like model with a central order book for bonds has been talked about for years. The time for action is at hand. The old over-the-counter market-making system is withering.

Telecoms firm opted to pay up to avoid looming rate rises.

Revived Glass-Steagall-type legislation might well benefit banks more than they like to believe.