The GlobalCapital Podcast
A weekly podcast from GlobalCapital, the capital markets news service based in London and New York, discussing its most interesting stories from around the world.
Every Friday, listen to lively discussion about the very latest themes, the most innovative and important bond and equity issues and syndicated loans and much more from the capital markets.
This podcast is for anyone working in - or who wants to work in - the capital markets from investment bankers, to funding and treasury officials, investors, lawyers, analysts, NGOs and lobbyists, regulators and policy makers, and analysts.
GlobalCapital has been the "voice of the markets" for over 35 years, covering bond, loan, equity and securitisation markets around the world.
We cover everything from public sector bond issuers, financial institutions, emerging markets and investment grade corporate bonds and loans to securitisation (including CLOs and ABS), regulation and market news as well as industry gossip.
GlobalCapital is written for capital markets professionals but the podcast is of value to anyone with an interest in the industry, whether you have been working in it for as long as we have, or are looking to make your first career move into it.
This podcast is a commute-sized slice of everything that's most interesting from the world's capital markets with the aim of helping you sound smarter in your morning meeting, or making you stand out from the crowd of other hopefuls when kick-starting your career.
And don't forget, you can #AskGC anything you like and we will select the best questions to answer on the show.
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The GlobalCapital Podcast
UK eases up on regs as smart swaps arrive
◆ UK rule change cheers covered bonds...
◆ ... as it shelves Taxonomy plans amid wider transition shift
◆ Digital markets: what makes a swap smart
The UK is going for growth and is making a regulatory revamp part of that programme. Chancellor of the exchequer Rachel Reeves said this week in her Mansion House speech that "in too many areas, regulation still acts as a boot on the neck of businesses" and that she was part of a government that has "swept away" regulations.
Whether it has or not can be debated but there were two key regulatory developments in the UK for the capital markets this week. The first was a decision to set-up an equivalence regime for covered bonds. We explain why that is such a boost for the asset class.
Secondly, the UK said it would not produce a green taxonomy. We examine why that might be and what the benefits and costs are. This is particularly pertinent as the transition to a low carbon economy evolves. We also discuss how that pursuit is changing and how it affects the capital markets.
Finally, with news of an agency issuer and a bank entering into a digital smart swap contract, we discuss what they are, what problems they solve, as well as some that they don't.
