As we come to the end of 2016, the surprise may be just how stable and resilient markets have been in the face of political events and continued structural change driven by regulation and technology.
In this issue we look at some of the ways in which technology is impacting the finance markets. We reflect on how funds are playing an increasing role in credit markets and how fund structures can use leverage. In the realms of regulation, we consider issues around the implementation of MiFID II, the European Banking Authority's guidelines on implicit support and the impact of 'dark pools'. We also examine what makes a bond 'green' and what to consider when taking security over bonds.