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  • Makram Fares, co-head of European equity sales and equity derivatives at Nomura in London, has left the firm.
  • The European Securities and Markets Authority has released a consultation paper on proposed guidelines on remuneration policies and practices under the Markets in Financial Instruments Directive.
  • Credit default swap-bond basis have tightened, particularly for Italian corporates, after the European Central Bank unveiled its bond buying plan on Sept. 6, according to a Markit report.
  • The Australian government has narrowed its definition of a derivative transaction contained within its new over-the-counter derivative regulatory framework, according to lawyers.
  • Clearinghouses should cap to the amount members will have to contribute to replenish a default fund in the case of a failure, Deutsche Bank’s systemic risk management director Robert Lee said on the 2012 International Swaps and Derivatives Association North America Conference in New York last week.
  • Hugo Ohta, an fx option trader at HSBC in London, and Philippe Zebouni, an fx option trader in Hong Kong, have both left the firm.