Bloomberg New rules to protect taxpayers from bank failures may push investors out of a C$95 billion ($75 billion) corner of Canada’s corporate bond market, reducing liquidity and raising borrowing costs. Under a regime set to take effect in 2018, short-term bank-deposit notes typically sold to institutional investors will gradually be replaced by senior “bail-in” debt that can convert to ...

Bloomberg The Bank of England is on a one-a-year cycle when it comes to interest-rate increases, according to economists surveyed by Bloomberg. The BOE lifted its benchmark to 0.5 percent on November 2 — the first hike in a decade — and the median forecast is for another move in the fourth quarter of 2018, earlier than then 2019 prediction ...

Bloomberg South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt. “FirstRand anticipated the downgrades since 2015 and has been working on a number of proactive strategies to mitigate the impact,” said Andries du Toit, the treasurer at Johannesburg-based FirstRand Ltd., the country’s second-biggest bank by assets. The measures ...