We start from the belief that well-designed financial systems can improve human wellbeing. We focus on how capital markets can mobilise private capital, manage risk and support development, from sovereign and corporate funding to impact and climate finance.
We bring together regulatory frameworks, prudential rules, politics and investor behaviour in a single analytical frame. That allows us to assess how changes in regulation, policy or governance will play out in spreads, liquidity, ratings and market depth rather than treating them in isolation.
Our analysis spans sovereign and SOE debt, bank and corporate funding and the infrastructure of exchanges and clearing systems. We connect these asset classes to build a coherent picture of funding conditions, risk premia and investor positioning.
We combine market data, issuer fundamentals, regulatory documents and primary research with analysis of investors, banks and regulators. This enables us to move beyond headline data to understand market sentiment, structural frictions and where mispricing or opportunity may lie.
Our flagship capital markets research subscription provides real-time notes, scenario analysis, reform tracking and webinars for investors, policymakers and market participants, while bespoke projects support specific transactions, strategies or regulatory reforms.
We support clients not only with written research but with strategy development, framework design and stakeholder engagement. This includes green, social and sustainability bond frameworks, funding strategies, investor engagement materials and support to exchanges and regulators on new instruments and market rules.
Real-time political economy and capital markets research subscription, providing weekly and monthly notes, quarterly outlooks, presentations, webinars and structured reform tracking.
Elections, national budgets, MPC statements and ratings-focused research for investors, banks and policymakers.
Thematic reports on sovereign risk, SOEs, banking sector trends and regulatory developments.
Funding strategy advice for sovereigns, sub-sovereigns, SOEs and financial institutions.
Yield curve, spread and investor base analysis to inform issuance plans and liability management.
Design and assessment of funding structures, including blended finance and catalytic capital.
Advisory on listing rules, disclosure requirements and market conduct frameworks.
Regulatory impact analysis for new rules affecting banks, insurers, asset managers and market infrastructures.
Support to regulators and exchanges on market development strategies, including new instruments and platforms.
Design of green, social and sustainability-linked bond frameworks and related guidance.
Climate and just energy transition finance strategies for banks, asset managers and DFIs.
Research and advisory on impact investing, catalytic capital and the use of capital markets to deliver social outcomes.
Design and delivery of awards and benchmarking projects (for example private banks, wealth managers, securities brokers, ESG and transformation gauges).
Primary market research on investor preferences, product demand and competitive positioning.
Communication of results through public reports, events and targeted stakeholder engagements.
Capital markets day and investor presentation support, including narrative development and materials.
Briefing packs and talking points for engagements with regulators, rating agencies and investors.
Training and masterclasses for boards and executive teams on capital markets, regulation and investor expectations.
“We have a lower inflation target, a reduction in local bond issuance, a re-affirmation of a primary surplus pathway, the start of spending reviews and cuts, an upgrade from rating agency S&P and we’re off the grey list, not to mention a successful hosting of the G20. [This] shows political moments can come together and government can rise to the challenge.”
From: Peter Attard Montalto, Sure, the vibe is suddenly buoyant, but let’s not get ahead of ourselves