The AAA Credit-Rating Club is Getting Cozy and Canada Stands to Benefit from it

Silver lining in flat interest rate environment. Canada is part of an exclusive, shrinking club of top tier sovereigns. Source: Financial Post The number of countries with a pristine AAA credit rating is shrinking and fund managers say Canada stands to benefit from being in the ever-more exclusive club. Both Fitch and Standard & Poor’s downgraded…

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Deutsche Bank Poses Greatest Risk to Global Financial System

As shares slide to record lows, Deutsche Bank poses a significant risk to the health of the global economy. Source: The Wall Street Journal FRANKFURT—Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund. “Among the G-SIBs (globally systemically…

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Bank Of China Plans Multi-Currency Green Bond

By entering the green bond market, the Bank of China potentially signals their interest in tackling increased pollution. Source: Morning Star Bank of China is planning a multicurrency green bond offering to fund eligible green projects, according to a mandate announcement. The Chinese lender plans to issue U.S. dollar-denominated and euro-denominated green bonds via its Luxembourg branch,…

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Brexit: Opportunity For Fintech Innovation

The outcome of last month’s EU referendum in the United Kingdom is, by now, well-known: in a 52-48 vote, the Brexit vote passed, prompting PM David Cameron to resign and raising serious questions about the economic future of the United Kingdom. The global financial market responded, predictably, with immediate volatility: the following day, the pound…

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Overbond Launches the First End-to-End Platform for Primary Bond Origination

TORONTO — June 29, 2016 — Overbond Ltd., the first fintech entrant into the new bond issuance market, has launched an end-to-end platform and support framework for primary bond origination. The fully-digital Overbond platform for primary bond issuance provides higher transparency, better price discovery, and investor diversification for all counterparties in the primary bond market….

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