Articles

The transposition of the EU Bank Recovery and Resolution Directive (BRRD) into Norwegian law on 23 March 2018 increases the protection of covered bondholders against a potential issuer default, says Fitch Ratings. This is because the new Norwegian bank resolution framework includes the bail-in tool for senior liabilities, while covered bonds are

UK asset managers face a further squeeze on profits from new rules designed to strengthen governance and give investors better value for money.

The Financial Conduct Authority (FCA) announced on 5 April 2018 that investment managers will have to publish information annually on the value for money of each of their funds, starting in 2019. We expect

Fitch Ratings says it expects no impact on the 'AAA'/Stable rating of Barclays Bank PLC's (BB PLC) mortgage covered bond programme once it is transferred to the ring-fenced entity, Barclays Bank UK PLC (BBUK PLC). 

The ring-fencing transfer scheme under Part VII of the Financial Services and Markets Act 2000 was approved by the Prudential

The Central African Economic and Monetary Community has strengthened its external buffers, but the region remains vulnerable to any renewed decline in oil prices, and fiscal adjustment to the commodity price shock is still challenging, Fitch Ratings says. 

International reserves appear to have bottomed in June 2017, supported by IMF disbursements

U.S. states with more mature gaming industries offer operators insulation from competition and in some instances regulatory tailwinds, according to Fitch Ratings. These states - mostly in the Midwest and South clustering around Illinois and Mississippi - account for more than one-half of the gaming revenues for Penn National Gaming, Eldorado

BMI View: Chinese demand for steel and iron ore will slow in 2018 as the country re-balances economic growth away from heavy industry towards services. The uptick in steel demand in April 2018 from the autos sector is temporary as vehicle production is set to slow in the coming years.

In this monthly article we analyse and forecast China's demand

BMI View: Asia and Latin America will be the fastest-growing regions for hot drink sales over our 2017-2021 forecast period. Coffee will be the outperforming category across emerging markets, driven by rising incomes and high levels of investment by multinational food and drink companies. Product innovation, particularly in terms of healthy and

Leftist-populist candidate Andres Manuel Lopez Obrador (AMLO) is likely to win Mexico's July presidential election. However, investor fears that he will reverse key economic reforms are likely overblown, and we do not anticipate a major change in Mexico's growth trajectory.

We believe leftist-populist Andres Manuel Lopez Obrador (AMLO) is likely

British Columbia's Budget 2018, the first full budget released by the new government since taking office in summer 2017, relies on continued economic growth of between 2.3% and 2.0%, and significant revenue measures to fund spending boosts for key policy goals.

The plan maintains a trend of modest fiscal surpluses, heavily dependent on successful

Italian local and regional governments' key long-term challenges will persist regardless of the outcome of March's national elections. The stated policies of all major parties suggest that LRGs will face limited or declining budget flexibility beyond 2018. 

Italy is due to hold national parliamentary elections on 4 March. The large numbers of