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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ 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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The Commodity Markets Council has asked the U.S. Commodity Futures Trading Commission to postpone the Oct. 12 effective date for a requirement that non-banks must start tallying swaps trades toward a threshold that would determine whether they are defined as swap dealers.
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The U.K.’s Financial Services Authority has fined Pi Financial GBP58,300 (USD94,400) for advising 362 clients to invest GBP20 million (USD32.38 million) in structured products and 160 clients to invest GBP6 million (USD9.7 million) in unregulated collective investment schemes.
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New York-based commercial finance firm First Capital has named Glen Stein as cfo.
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Standard Chartered has named Steve Perry as head of capital markets for the Middle East, North Africa and Pakistan.
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The European Securities and Markets Authority is in the final stage of finalizing its draft regulatory technical standards for the European Market Infrastructure Regulation and will approve them at a board meeting next week, according to Rodrigo Buenaventura, head of markets division at ESMA.
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Replacing the London interbank offered rate could be highly disruptive to the financial market and would be a difficult task to undertake, according to Stephen O’Connor, chairman of the International Swaps and Derivatives Association and managing director at Morgan Stanley.