UK Sovereign
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Green finance experts have hailed the Bank of England’s announcement this week that it intends to tighten supervision of financial firms’ climate risks as an important step forward in greening the financial system. But doubts remain as to whether the Bank will push firms far enough, fast enough. -
Conor Hennebry has quit Deutsche Bank to head Santander’s European debt capital markets business.
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The UK’s Department for Business, Energy and Industrial Strategy, which is now in charge of the country’s policy on climate change, has hired a Bank of England official on secondment for a key role shaping green finance policy.
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The Bank of England will steer banks and insurers to think seriously about climate change. This is great news in itself. But what will count is how far the Bank is willing to push them.
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The UK Debut Management Office is planning to issue an inflation linked syndication early next year, after completing its conventional syndicated programme this week with a reopener of its 2071 Gilt.
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There are more than $512bn worth of bonds that will need to switch to an alternative reference rate if global regulators execute plans to ditch the Libor benchmark by the end of 2021, Linklaters said on Wednesday. GlobalCapital asked the law firm what needs to happen for a successful switchover.
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The UK Debt Management Office won big demand for a reopeing of its longest outstanding bond on Tuesday, with a final order book that was over five times covered.
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UK local authorities could turn to the capital markets to fund council housing development after the prime minister Theresa May announced plans to scrap a long-standing cap on borrowing, writes Silas Brown.
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UK Financial Conduct Authority (FCA) chair Charles Randell invoked ancient Greek mythology during a speech on Tuesday in which he said that the FCA did not see Brexit as an “opportunity to join a race to the bottom in regulatory standards”.
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Mizuho has hired Mark Currie from Deutsche Bank as head of sterling rates trading.
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Koos Timmermans, the outgoing chief financial officer of Dutch bank ING, will be stepping down from his role as the chairman of the working group on euro risk-free rates, according to a European Central Bank (ECB) spokesperson.
