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Europe’s regulator proposes preserving capital requirements while trimming the complexity that hampers cross-border M&A
Banks face an uncertain future as finance goes digital
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Europe's regulator seeks to reduce complexity while 'preserving banks' resilience and resolvability'
Banker had been with the firm since 2024
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  • The European Insurance and Occupational Pensions Authority (EIOPA) floated the idea of a European network of guarantee schemes this week, in the latest indication it is seeking to eliminate disparities in how resolution and recovery of insurance firms works across the EU.
  • GAM Investments said it had suspended all subscriptions and redemptions in its unconstrained/absolute return bond funds, following “a high level of redemption requests”.
  • Doug Munro, formerly head of UK and Ireland financial institutions debt capital markets at Royal Bank of Scotland and NatWest Markets, has joined Legal & General Capital, the principal investing arm of the UK insurance investor.
  • A financial institutions debt capital markets banker at Lloyds Bank is moving over to the syndicate desk.
  • GAM International Management, a Zurich-heaquartered asset manager, has suspended the senior portfolio manager on its Absolute Return Bond Fund, Timothy Haywood, over an internal investigation into some of his risk management and record keeping.
  • Carige’s postponed tier two deal is central to its recovery plan and therefore its future, a letter from the European Central Bank suggests. But at present that transaction looks like it will be very hard to complete.