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The International Capital Markets Association (ICMA) has estimated the cost of new European rules intended to improve settlement discipline, estimating that the change will add at least €4bn to annual trading costs in the cash bond and repo markets. -
A trio of public sector issuers are in the market for senior funding officials after a flurry of moves over the last few weeks. But a fourth borrower, which also lost a senior funding figure, has already appointed a replacement.
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The Inter-American Development Bank will start its official search for a new treasurer in the coming days, a spokesperson told GlobalCapital on Wednesday.
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An international development bank funding veteran has moved from his treasurer job at one supranational issuer to the same position at another borrower.
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Fabianna Del Canto, a managing director on Barclays fixed income syndicate, is to move to New York for the bank.
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The Portuguese Treasury and Debt Management Agency has appointed a head of funding after the previous occupant decided to leave the post.
