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  • While the European Investment Bank wants partnerships with commercial banks to reach SMEs, commercial banks and borrowers can in turn pitch deals to the EIB so long as they are technically and economically viable and support EU policy objectives. The role governments might play in seeking EIB support is not entirely clear. Nor is the extent to which they might seek to palm off onto the EIB the burden of funding quasi-public works.
  • ECM bankers at an investment bank near Liverpool Street in London have added a new twist to an old English pub game.
  • www.breakingviews.com
  • The EIB vehemently disputes the criticism that its risk management isn't up to scratch – a criticism contained in Emac's draft report but removed from the final version. At the end of last year, it put all its risk management functions in its risk management directorate, headed by Pierluigi Gilibert.
  • The European Bank for Reconstruction and Development decided to restrict its already minimal lending to Uzbekistan in April, after the bank decided that the country had failed to meet economic and humanitarian benchmarks it set one year ago.
  • Crédit Agricole?s Alternative Investment Products Group plans to launch a directional fund of hedge funds this year using a global macro and systematic trading strategy. The alternatives manager would also consider launching an equity futures single-strategy fund of funds, which would round out its single-strategy fund offering.
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  • Bankers are eager for the implementation of Saudi Arabia's capital markets law. But this won't happen until the regulator's chairman is appointed
  • Singapore will soon be second to Switzerland in offshore private banking, having overtaken its main Asian rival, Hong Kong. And it is attracting money from wealthy Europeans as well as from Asians.
  • Rising volumes of primary issuance in Europe mask the fact that most companies are not selling shares to fund growth or to restructure.