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The Securities and Exchange Board of India has issued a circular attempting to smooth the process of cross listing of bourses, just days after the Bombay Stock Exchange sealed its IPO. -
BNP Paribas’s head of Asia Pacific investment banking will leave later this year, and the bank has appointed two bankers to replace him as co-heads.
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Credit Suisse has a new head of Europe, Middle East and Africa equity capital markets, as Nick Williams is moving to another job at the bank in New York.
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BNP Paribas, which hired a new head of equity capital markets earlier this week, has also hired two senior bankers in its cash equities business and revealed the destination of its outgoing head of ECM.
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In this round-up, People’s Bank of China defends its use of foreign exchange (FX) reserves to preserve stability in the currency markets, two new entities are added to the RMB qualified institutional investors (RQFII) programme, and Hungary’s central bank signs an agreement to expand access to the Chinese capital markets. Plus, a recap of our coverage this week.
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Banco Santander made a profit of €6.2bn last year as a booming performance in Latin American markets helped offset its exposure to a sinking pound.
