Writing in Forbes Spain, Natixis’ Global Head of Corporate & Investment Banking (CIB), Marc Vincent, discusses M&A trends in Europe.
Marc notes that total deal value in 2018 is up almost 65% on 2010 but remains 40% below the 2007 figure. Nonetheless, the recovery in activity has still been significant, driven by tailwinds at both macro and industry levels.
Read the full article on p.108 of Forbes Spain’s March edition.
In an interview with Airfinance Journal, Gareth John, Natixis’ Managing Director and Global Head of Aviation, says the bank is looking to become more of a “strategic partner” and less of a “transactional lender” to its clients.
In addition to covering Natixis’ own strategy within the industry, Gareth discusses transaction trends and outlook on the market. He foresees a gradual decline in the health of the industry over the next 12 to 18 months, but says this is more of a correction than a downturn.
To read the full article, please click here (please note the paywall)
S&P Global Ratings has published its inaugural edition of U.S Corporate Insights – answering the questions on investors’ mind regarding the latest corporate credit trends, such as: how are looming trade wars and higher debt levels affecting appetite? And, as we near the latter stages of the credit cycle, is the current state of play one of peak, plateau, or peril?
The edition also provides sector views from S&P Global Ratings analysts on oil and gas, autos, real estate, and media and telecoms.
Read the latest edition here
Moorgate compiles, edits and designs U.S Corporate Insights
Speaking with The Banker, Jean-François Robin, Natixis Head of Global Market Research, explained that it is too early to talk about recession expectations within the yield curve. He says that “the main reason why the curve is flattening and yields are going up is because the Fed is normalising its monetary policy”.
In turn, debate is ongoing as to how rates will move next. Robin notes that “we have a real market between people who think rates will keep going higher and those thinking now is a good time to make a play on declining yields”.
To read the article in full, please click here (please note the paywall).
Thanks in no small part to Chinese investment, things may be looking up for Pakistan’s economy. The feature from Alexander Mondorf, Regional Head Indian Subcontinent & ASEAN and Country Relationship Manager, Financial Institutions at Commerzbank, outlines the importance of the China-Pakistan Economic Corridor.
Compliance costs in emerging markets are rising, as are fears of protectionism in developed markets. But Michael Duval, Chief Business Officer at Bank Leumi (UK), notes that Israel provides importers and exporters with sustained opportunities in an article for The Global Treasurer.
With ongoing advances in sustainability, the risk of being unable to monetise carbon assets grows by the day. A new book from Routledge, Stranded Assets and the Environment: Risk, Resilience and Opportunity, explores the ramifications of asset stranding across various sectors of the global economy.
Mike Wilkins, Head of Sustainable Finance at S&P Global Ratings, supplies chapter 8, drawing on research and real-world corporate case studies to focus on the credit implications of stranded assets.
Ethiopia and Kenya are doing much to bring the region closer together, according to Commerzbank’s Regional Head of Africa. Read more on page 16 of the new issue.
Market capacity for credit and political risk insurance (CPRI) has grown by 30% since 2015 according to the first ever Market Insight report released by BPL Global, marking its 35th year as the leading CPRI broker.
Based on market statistics and BPL Global’s own portfolio, the report provides an analysis of the CPRI market’s capabilities, current worldwide risk exposures and a claims update, focusing in particular on claims activity since the global financial crisis.
“Our report shines a spotlight on the fact that appetite for the CPRI class is on an upwards trajectory – both in terms of capacity and tenors” says Sian Aspinall, Managing Director, BPL Global. “Furthermore, analysis of market data clearly shows that it is adapting its capabilities to match natural return on investment for areas such as project finance structures, providing coverage for up to 25 years. Also notable is the jump in capacity for non-trade related credit insurance to over US$1.5bn per risk – an area previously constrained by Lloyd’s regulatory requirements.”
Following outreach from Moorgate, the report was covered by: TXF, Insurance Insider, Asia Insurance Post, Insurance Shark, Strategic Risk Europe, Business Insurance, Insurance Insider (2), Luther Pendragon, Commercial Risk Europe, Corporate Risk & Insurance, Global Trade, Credit Insurance News and The Treasurer.
To download a copy of the full report, please click here.