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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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  • Philip Turner, a managing director in Royal Bank of Scotland’s global structuring group in London, has left the firm.
  • Global market participants are already migrating their trading of over-the-counter derivatives onto central clearinghouses or switching their allocation to exchange-traded alternatives ahead of mandatory clearing laws, according to the World Federation of Exchanges.
  • The International Swaps and Derivatives Association has voiced opposition to requiring mandatory initial margins for non-centrally cleared swaps, according to a response letter to the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.
  • The European Union is focusing on JPMorgan, Bank of America and 14 other investment banks that its suspects are using Markit to keep competitors from establishing derivatives trading platforms.
  • Online retail fx provider FXCM has teamed up with Barclays Stockbrokers to launch Barclays Margin FX, a retail trading offering for the U.K. market only.
  • Martin Wheatley, a senior regulator at the U.K. Financial Services Authority, has unveiled a 10-point plan for overhauling the London interbank offered rate that calls for, among other things, making it a criminal offense to manipulate Libor.