Latest articles from Philip Alexander

IMF’s redrafted sovereign debt proposals fail to convince

The International Monetary Fund has stepped back from any assumption of sovereign debt restructuring as a precondition to emergency assistance, but still faces criticism.

Dirk Schoenmaker

Regulator discord over resolution proposals

Divisions emerge between regulators over crucial international legal framework as G20 deadline nears.

Dark pool

Markets race to understand EU dark pool trading rules

Buy-side, sell-side and platforms must all get to grips with the details of restrictions on non-displayed equity trading in MiFID II.

Shifting priorities for new European Parliament

A changed political mix and the growing focus on reviving the European economy could overshadow legislation carried over from the previous parliament.

EU stumbles with efforts to open ratings market

New rules call for a drive for greater market diversity, but smaller agencies say regulators have not done enough.

US scrutiny prods European leveraged finance market to look inward

European leveraged finance deals are adopting covenant-lite structures that are more common in the US, just as US regulators push for tighter underwriting standards.

Policy-makers show signs of rethink on shadow banking

Several initiatives by policy-makers suggest attitudes to market-based finance are changing to accommodate the G-20’s growth agenda, writes Philip Alexander.