The banking and finance market is in a constant state of flux as new technologies, markets and products are developed. This Banking & Finance Special Report reflects those changes, looking at the new innovations in the market. In banking, the demand for leveraged buyouts (LBOs) has grown exponentially in the past few years, with the size of deals increasing at the same rate. There is so much competition in the market that banks have relaxed their lending terms to win mandates. The LBO market is also shifting, thanks to the influence of US investors into European leveraged finance.
In capital markets, property-related asset classes are proving ever more popular. As new instruments and new issuers come into play, the European market looks set to overtake its US counterpart.
Finally, the much-heralded arrival of sharia-compliant products into the international financial markets has finally happened with the issue of the IPO-convertible sukuk from DP World. However, unless a robust regulatory regime develops for this market, it could find its growth stunted.