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  • FIG
    The Federal Reserve will use interest payments on statutory reserves as a key tool for monetary tightening, chair Ben Bernanke outlined in written testimony to the House Financial Services Committee this week.
  • Bank of America Merrill Lynch has named its senior management for global capital markets after former head Bruce Thompson was appointed chief risk officer for the bank.
  • FIG
    Moody’s will decline to rate some types of contingent capital securities while those that it does rate will likely be non-investment grade regardless of the bank’s financial strength, the agency said this week.
  • GE hires for mid-market effort
  • FIG
    Hector Sants will step down as chief executive of the UK’s Financial Services Authority in the summer after three years in charge.
  • FIG
    US structured finance bankers at an industry conference this week voiced fears that the wave of new regulations will cripple the securitisation market just as it is getting back on its feet.