The UK and the US are taking very different regulatory stances, the former reverting to its characteristic light touch while the latter is taking a heavy-handed approach, but both regimes are driven by political considerations rather than market needs and are therefore at risk of damaging their respective banking systems.
Ahead of Sibos 2013, chief executive of the Society for Worldwide Interbank Financial Telecommunication (Swift) Gottfried Leibbrandt talks exclusively to The Banker about the challenges and opportunities in a global market that is continually evolving with new regulations, technologies and infrastructures.
European companies are taking advantage of benign conditions in the markets to prefund, sometimes driven by less accommodating banks as they struggle under higher capital requirements. And with investors searching for yield, hybrid corporate bonds are gaining in popularity. Executives from four leading European corporates share their funding strategies.