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Executive is moving to more senior role
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  • FIG
    CRD IV and CRR I must start coming into effect next year, the European Commission said this week, despite calls from the region’s financial industry for a one year delay to allow for the fact that Basel III will not be implemented on schedule in the US.
  • Sanjay Sofat, regional treasurer for Lloyds TSB in New York, is returning to London to head the bank’s senior funding team.
  • FIG
    Sanjay Sofat, regional treasurer for Lloyds TSB in New York, is returning to London to head the bank’s senior funding team.
  • FIG
    The chief executives of Lloyds, Standard Chartered and RBS said this week that regulators should have the discretion to set primary loss absorbing capacity (PLAC) levels for each individual bank, rather than an industry standard, writes Tom Porter.
  • FIG
    Wholesale funding is becoming more attractive compared to official liquidity for European lenders, but analysts forecast that net senior unsecured and covered bond issuance is still likely to be negative this year and next.
  • Sherry Liu, the former China dealmaker at Royal Bank of Scotland, has resurfaced at Jefferies as chairman of Asia and vice-chairman of global investment banking (see Southpaw for more on Jefferies).