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Creating unified trading data feeds is proving much harder — and more controversial — than foreseen
Bond specialists sceptical that auctions can yield better results than bookbuilding
When staff complain, they deserve a fair hearing, not a wall of silence
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Waterfall of promotions follows Karia's move to insurance post
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  • Mounting pressure on UK chancellor of the exchequer, George Osborne to preserve London’s place as a global financial centre may have played a part in the Financial Conduct Authority interim chief executive’s decision, announced on Thursday, to withdraw her application for the permanent position.
  • Much rulemaking was published in 2015, but that doesn’t mean bankers are any clearer on what it means for their businesses. And as they wade through the thousands of pages of finalised regulation, the banking industry is highly likely to be faced with additional rules — and challenges —in 2016. Graham Bippart reports.
  • Blockchain, the technology underlying bitcoin, is coming to a back office, and clearing house, and bank, and front office near you. Instead of one authority keeping records, everyone will. That’s the idea, anyway, of a wave of start-ups rushing to build workable applications. How will clarity emerge from this ferment, and just how will it change the business of capital markets? Jon Hay reports.
  • Enormous effort has gone into improving banks’ public images with sustainability drives, charity giving and community involvement. Much of this is sincere, but the true tests come in banks’ real financing business — can they put ethics before profit? John M Anderson reports.
  • Keval Shah has been promoted to head of bond syndicate at Lloyds Bank, GlobalCapital understands.
  • The global head of debt capital markets for financial institutions and public sector issuers at Natixis has left the bank.