We are proud to have a comment by our CEO/CIO, Andrea Seminara, featured in an article in the Financial Times, titled ‘Top ECB official claims CDS market “contaminates” bank stocks and deposit flows’. The article was written by Laurence Fletcher and Martin Arnold, and published on March 28th, 2023.

An extract of Andrea Seminara’s comments is featured below.
“Higher CDS spreads will put widening pressure on [a company’s] bond spreads across their capital structure as well as their stock price. […] CDS spreads are usually correlated to a bank’s share price at times of market stress as both would reflect higher risk premium and concern on the credit quality of the bank.”

To access the full article, please click here.