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‘New kid on the block’ disrupts established order with lead role on Schroders takeover
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
Investment bank, like the group, wants to diversify outside France, and will lead with its strongest suit, real assets
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  • Crédit Agricole has moved one of its sustainable banking specialists to Asia, hoping to capitalise on what it expects to be a growing market for green bonds.
  • Neon Underwriting has launched the first insurance linked security (ILS) deal in the UK, after a new law designed to incentivise the creation of vehicles was passed last month.
  • Commerzbank is "working on" a replacement for two longstanding FIG syndicate bankers who left the firm just before Christmas.
  • Marguerite Bérard-Andrieu is leaving BPCE, having been chief executive for a year and a half. The bank's board has appointed François Riahi to replace her, from the new year.
  • The vast majority of credit institution debt held in Greece, Spain, Italy and Portugal comes from domestic issuers, suggesting that market capacity for debt meeting their minimum requirement for own funds and eligible liabilities (MREL) may be limited, the European Central Bank (ECB) said in its latest macroprudential bulletin.
  • FIG
    The Single Resolution Board has come up with a policy on the minimum requirement for own funds and eligible liabilities (MREL), clarifying its position on the eligibility of structured notes and retail holdings and giving banks up to four years to hit their institution-specific targets.