MIGA’s Post

📢European Banking Authority (EBA) publishes final guidelines on application of group capital test for investment firms: the Guidelines set harmonised criteria to address the observed diversity in the application of the group capital test across the EU and help ensure a level playing field. 👉Read the full details here: https://lnkd.in/ejhY8Sq9   #EBA #InvestmentFirms #Compliance #CapitalTest

This week is already teed up to be busy for CEEMEA supply with at least six new bond/sukuk issues being marketed. Last week, issuance took a breather ahead of the FOMC, with just two deals totaling US$1.31bn-equivalent. Size isn’t everything, however, and both transactions were notable. CTP tapped into the rally in real estate credit to issue the first bonds from a Central and Eastern European property developer in two years. Turk Eximbank managed to overcome investor hesitance about adding more Turkish risk to portfolios ahead of the expected sovereign deal and set final terms on its latest syndication flat to fair value. Recent new issues in CEEMEA, the order volumes that they have drawn and the zero concessions at which they have priced, suggest that investors have plenty of cash to put to work. But fund flows data and secondary market activity offer a different picture. For the week ending January 25, LSEG Lipper data shows net outflows from hard currency EM debt funds and ETFs of US$93.2m. The previous week the asset class posted net outflows of US$499.85m. In the secondary market, Nigeria’s whole curve weakened over several days last week while Oman’s longer-dated bonds also softened. https://www.ifre.com/ has it all and more. #CEEMEA #emergingmarkets #bonds #debt #debtcapitalmarkets

Ivory Coast’s new issue – reviving sub-Saharan sovereign bond issuance after a two-year hiatus – was the headline grabbing deal in the CEEMEA primary market last week. Something of a standout credit in the region, Ivory Coast’s market access doesn’t necessarily herald imminent supply from its peers, but if Treasury yields trend lower at a decent pace over the course of the year, names such as Angola, Kenya and Senegal could look to issue. Romania and Saudi Arabia’s Public Investment Fund also provided more sovereign and sovereign-linked dollar supply last week. Bank issuance is also on a roll. Trades out of Central and Eastern Europe are being met with significant demand, offering good relative value versus Western European issuers. Erste Croatia and OTP Bank each tapped the market last week. Meanwhile, Qatar National Bank managed to achieve both size and tight pricing with its first syndication in three years. A UAE real estate credit has also been meeting with fixed-income investors for the first time. In the secondary market, Ukrainian corporate credits – both privately owned and state-linked – were some of the best performing in the CEEMEA bond market last week, albeit they remain trading at distressed levels. Plenty of CEEMEA and wider DCM news to be found at: https://www.ifre.com/ #CEEMEA #emergingmarkets #bonds #debt #debtcapitalmarkets

Shariah-compliant investments adhere to the requirements of Shariah law and Islamic principles. 🔸 To be considered compliant, a company or stock must undergo a thorough screening process. 🔸 This process involves quantitative assessments, including business activity benchmarks and financial ratio benchmarks. 🔸 Additionally, there are strict guidelines regarding the use of debt and interest-bearing assets. 🔸 One key criterion is that companies must maintain a debt-to-equity ratio of less than 33%. This excludes businesses with high levels of borrowing and emphasizes a focus on more stable, financially prudent companies. Invest with peace of mind and financial integrity through Shariah-compliant investments. #islamicwealth #shariahinvestment

FEMA Compliance tends to reinforce the structural framework of the transmission of international funds smoothly and efficiently on a wide platform. It helps in maintaining an effective operational management systemization concerning the international transactions to a larger extent. It accentuates and lays variegated norms and provisions in the context of streamlining the processes concerning the efficacious model of trade monetary fund’s systemization, foreign exchanges of monetary gains, etc. Hence, it is necessary for a corporate industry to adhere to the provisions of FEMA Compliance for regulating a robust pattern of foreign monetary exchanges, and trade sector money valuation without any intricacies in uplifting the profit-value of the corporation. #FEMACompliance #SEBI #India #BizAdvisors #FEMA #ForeignExchangeManagementAct #FEMACompliances #ForeignExchange

The Islamic sustainable finance and investment sector is experiencing significant growth. The ISFI Annual Report, featuring exclusive insights from leaders in Shariah sustainable finance, comprehensively explores the key developments of the year, offering in-depth analyses and insights. Access the ISFI Report here: https://lnkd.in/gTDxY7m6 #REDmoney #ISFI #IslamicSustainableFinanceInvestment #IslamicFinance #Sustainable #Finance #Investment #Business #Report

Meet the panel of speakers from the European Investment Bank (EIB)'s Shareholding Relationships Division. They will share their insights into the Governance at the Bank and answer your questions live. To hear what they have to say, register here https://lnkd.in/euh_nGqv #governance #ethics #corporategovernance #law #finance #business #banking #eu

Islamic finance is reshaping the financial world. With its principles of ethical investing and risk-sharing, it aligns perfectly with the modern emphasis on sustainable and inclusive finance. Swipe left to explore the impressive growth statistics, emerging trends, and future prospects of Islamic finance. #IslamicFinance #Fintech #GlobalFinance #SustainableFinance #EthicalInvesting #HESFintech