To view the digital version of this report please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com. The backdrop to the discussion is by now well-known: banks are facing a far more stringent and robust capital and regulatory regime across the world where the quantum of capital required, the cost and structure of capital bases and the incidence of liquidity and leverage caps are forcing a fundamental re-appraisal across any number of

To view the digital version of this report please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com.   Giles Hutson: BofA Merrill Giles Hutson is Managing Director of EMEA Debt Capital Markets, a position he has held since April 2010. Prior to joining BAML, Hutson served as Managing Director of Morgan Stanley from December 2006, and Co-Head of European Debt Syndicate, London of Morgan Stanley from July 2004.   Charlie Berman: Barclay

To view the digital version of this report please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com.   IFR: Welcome to this IFR Roundtable on the Future of Debt Capital Markets. The bond market finds itself at a fascinating point, not least because of where we are in the cycle of quantitative easing but perhaps more strategically because of the changing relationship between DCM and bank lending amid expectations that the lending cycl

To view the digital version of this report please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com.   Martin Egan, BNP Paribas: I think banks will definitely try to create a European PP market. I’m encouraged by the development in the Schuldschein space, for example, but it’s a long way off and it’ll be many years before it will approach the size and scale of the USPP market. But the mindset is changing. From the European bank persp

To view the digital version of this report please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com.   Ryan O’Grady, JP Morgan: Working closely with colleagues in the US and their deeper investor base means that you can broke bonds – I know that’s an undignified term – more effectively. You can create more liquidity. We don’t run a vastly bigger balance sheet in the US secondary trading business than we do in Europe. In fact, it’s pr