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People and Markets

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  • Investors have been given their first taste of how regulatory relief could bolster bank capital levels amid Covid-19, after Barclays told the market this week to expect a drastic improvement in its common equity tier one (CET1) ratio in the second quarter.
  • Adrian Lewis, the long-serving head of EMEA equity capital markets at HSBC, left the bank at the end of June to pursue other opportunities unrelated to investment banking and ECM.
  • The Asia Pacific Loan Market Association is encouraging banks to look at ways to move towards a new lending benchmark as Libor transition looms. It has published a guide for lenders in the region.
  • The China Securities Regulatory Commission has kicked off its annual rating process of domestic securities houses after updating several grading metrics and adding two bonus criteria.
  • Troubled Chinese coffee chain Luckin Coffee has appointed a new chairman of the board after founder Lu Zhengyao was voted out of the position by shareholders.
  • A veteran Citi banker who had been with the US firm for nearly two decades has joined CMB International Singapore.
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