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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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  • U.K. banks are withdrawing commissions paid to independent financial advisors for structured product sales, six months before regulations by the Financial Services Authority that outlaw them take effect.
  • Deutsche Bourse’s International Securities Exchange has filed with the U.S. Securities and Exchange Commission to launch a second options trading platform in the U.S.
  • Roughly 36% of the 398 rules required under the Dodd-Frank Act still have not been written two years after the legislation became law, according to research by the law firm Davis Polk & Wardwell.
  • U.K. regulators are investigating 18 banks in its probe of alleged manipulation of the London interbank offered rate, according to Tracey McDermott, acting head of enforcement at the Financial Services Authority.
  • Hong Kong-based China Asset Management has announced plans to launch what is believed to be the first exchange-traded fund in the territory to offer direct exposure to China shares.
  • Legal & General has launched its Growth Plan 8 and 6 Year Growth Deposit Bond 15, two structured products linked to the future performance of the FTSE 100.