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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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Climate change will become much more prevalent in the International Monetary Fund’s work this year, including its assessments of countries’ financial stability, after sustained complaints that it has not paid enough attention to global warming. Ways to link debt relief to climate action will take longer to implement.
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In this round-up, the State Council flags up risks at regional financial institutions in China, measures have been announced to relax market access in the Hainan Free Trade Port, and the Guangzhou government details a plan to develop the financial industry and support cross-border businesses in the Guangdong-Hong Kong-Macao Greater Bay Area.
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In this round-up, Beijing plans to beef up capital requirements for domestic systemically important banks, foreign investors reduce their investment in domestic Chinese bonds in March, and JD.com’s technology unit is reportedly planning to set up a financial holding company.
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Singapore’s UOB has appointed Eric Lim as its chief sustainability officer, a newly created position to support the bank’s focus on ESG, which got a fresh impetus this week with the sale of the lender’s first sustainability bond.
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Mexico’s deputy finance minister Gabriel Yorio told GlobalCapital on Wednesday that a block of Latin American countries was forming to ensure that the plight of middle-income economies was not forgotten as the world looks for ways to alleviate financial pressures on developing countries.
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Citi has appointed one of its senior Shanghai-based bankers as the new head of corporates coverage for China.