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A tumultuous week in Turkish currency markets ended with the lira hitting new lows against the dollar and the Central Bank of the Republic of Turkey finally taking action to try and calm volatility. Amid such swings, a sovereign bond issue looks unlikely.
Some of the world’s top-tier financial institutions want changes in how central counterparty clearing house (CCP) resolutions are executed.
Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.