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Simplifying MTN and bond market processes the focus, says Agora's Berman
Head of European credit syndicate leaves TD after more than a decade
New system starts with nearly 100% coverage of trading data
Recently departed banker to resurface in Asia
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The European Commission on Thursday fined Nomura, UBS and UniCredit for their traders' participation in a cartel in the primary and secondary European government bond markets during the financial crisis.
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Christina Cho is set to leave her job as co-head of sustainable finance capital markets for the Americas at BNP Paribas to join CIBC, where she will lead the bank’s dollar coverage of sovereigns, supranationals and agencies in North America.
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If issuers succeed in pushing down the fees they pay banks for syndicating transactions, they could face a more volatile market and reduced competition among banks for their business, according to SSA market participants.
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Bart Van Dooren, head of funding and investor relations at Bank Nederlandse Gemeenten, will be retiring in January.
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BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired a new treasurer.
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The debate over SSA underwriting fees, ignited by the EU’s decision to publish a lower fee schedule, is raging on with bankers and issuers saying it is pushing other topics aside.