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Third Saudi capital markets banker to leave in recent months
Replacement for Derant Lakoue poached from Standard Bank
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Credit Suisse has made three senior appointments to its China securities joint venture. -
The US Alternative Reference Rates Committee (ARRC) has updated its reference rate language for the move away from dollar Libor, with the group now recommending loans that mature after the transition have an automatic replacement reference rate that does not need special consent to be imposed. But some legal experts warn that there are still major issues with adopting this approach.
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The China Securities Regulatory Commission has kicked off its annual rating process of domestic securities houses after updating several grading metrics and adding two bonus criteria.
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Troubled Chinese coffee chain Luckin Coffee has appointed a new chairman of the board after founder Lu Zhengyao was voted out of the position by shareholders.
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A veteran Citi banker who had been with the US firm for nearly two decades has joined CMB International Singapore.
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The European Central Bank will begin supervising financial institutions in Bulgaria and Croatia from October 1, as the two countries prepare to join the euro. Firms entering the Banking Union for the first time will also fall under the Single Resolution Board’s remit for the minimum requirements for own funds and eligible liabilities (MREL).
