Tech IPO rush tests market appetite for unprofitable companies This year promises to offer a flurry of tech unicorn listings – that is, the initial public offerings (IPOs) of privately held technology companies with valuations over $1 billion. Ride-hailing company Lyft and electronic bond-trading platform TradeWeb both listed in late March at $1 billion-plus
Optimism or complacency: The Fed’s Basel capital buffer decision Under US President Donald Trump, federal agencies have implemented a broad program of financial deregulation. New measures have limited the number of banks deemed systemically important and freed the de-designated banks from the need to undergo stress tests or submit insolvency plans. The Federal Reserve has
Swaps Clearing in Uncertain Times: EMIR, Brexit, and the Future Intuition Learning Insights Issue 2 2019 European banks and firms that use or trade derivatives are facing an unusual degree of uncertainty. The revision to the European Market Infrastructure Regulation (EMIR) – the so-called “EMIR Refit” – is scheduled for implementation soon, but the process has
In the years of soul-searching that followed the arrival of the financial crisis the very definition of banking became central to national and international debate – and that remains the case. What, after all, is a bank? And what have banks become? The reflex of politicians and the public was clear – banks needed to
