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  • It is richly ironic that incoming measures meant to take Europe one big step closer to completing its Banking Union have ended up recognising that nothing of the sort actually exists.
  • Even credit geeks relegate accounting geeks to the back corners of the classroom. It’s proverbially dry, and shouldn’t affect real world issues, such as whether a company can deliver returns for its shareholders and pay its debts. But seemingly esoteric accounting changes can mean major real world consequences. It’s not just for the geeks; it’s time to get real about IFRS.
  • Sir Gerry Grimstone, whose departure from Barclays was announced last week, is joining a joint venture between Investcorp and Aberdeen Standard Investments as chair.
  • Charlotte Jones will be leaving Jupiter Fund Management to join RSA Insurance Group.
  • Former Bank of China syndicate head Sebastian Ha has joined SPDB International as its head of fixed income.
  • Sir Gerry Grimstone is vacating his position as chair of Barclays’ non-ringfenced bank at the end of the month, to be replaced by incoming group chair Nigel Higgins.