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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
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  • The Australian Securities and Investments Commission has released regulatory guidance for domestic and overseas clearing and settlement providers wanting to operate within the domestic Australian market.
  • Alan Zhang, managing director and head of Greater China securities at Goldman Sachs in Hong Kong, has retired from the firm.
  • Minos Zombanakis, who developed the London interbank offered rate in the 1960s, condemned manipulation of Libor, saying banks involved in the scandal are “violating their own dignity.”
  • The percentage of buysiders using fx algorithms has grown from 34% in 2011 to 48% this year, according to StreamBase Systems.
  • State Street Global Advisors has withdrawn its bid for Credit Suisse’s European exchange-traded fund business, leaving at least BlackRock in the running for the unit.
  • A group of 24 members of the U.K. Parliament have called on the Financial Services Authority and HM Treasury to force banks to immediately offer small businesses the opportunity to stop making payments on interest rate swaps.