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  • JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.
  • The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.
  • Bank of America Merrill Lynch has reshuffled the senior management of its debt capital markets and corporate banking teams in London.
  • Pakistan’s capital markets are back in business after a few lean years, with M&A deal volume and the Karachi Stock Exchange at record highs, and investors chasing yield in a country now promoted to MSCI ‘emerging market’ status. Rules passing through parliament are expected to underline the country’s reputation as a great place to do business
  • French agency Unédic is looking to set a trend with its new medium term note format to replace its BMTN programme as the chosen vehicle for one to six year debt
  • The Green Climate Fund, set up by the United Nations as a channel for money to help developing countries fight and cope with climate change, has chosen a new executive director.