UK Sovereign

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”.

Mizuho has hired Mark Currie from Deutsche Bank as head of sterling rates trading.

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.

GlobalCapital announced the winners of its Sustainable and Responsible Capital Markets Awards 2018 in Amsterdam on Tuesday evening. This year’s two sovereign debut green finance issues, from Indonesia and Belgium, won Deals of the Year in their regions, and there were double laurels for Danone, in both the bond and loan markets.

Barkis was willing, so David Copperfield related to us in Dickens’ famous novel. Now, it appears, Mark Carney is, too. And like the fictional stagecoach driver, Carney has been just as frustratingly enigmatic, at least to some in the markets. But his declaration on Tuesday that he was “willing” to stay on as governor of the Bank of England until 2020 should help market stability in the face of Brexit.

There is little demand for another public sector issue referenced to Sonia, the preferred alternative to sterling Libor, in the wake of the European Investment Bank's successful deal in June, a senior SSA portfolio manager said this week.

International Finance Corporation printed a record size for its seven year on Tuesday, with huge backing from bank treasuries, despite the trade offering no new issue concession.

International Finance Corporation mandated banks for a new sterling benchmark deal on Monday, with the issuer returning to the currency for the second time this year.

Standard Chartered has appointed a new head of syndicate, as well as a new head of DCM West and DCM East.

A Credit Suisse DCM managing director has quit the bank to join Deloitte.

The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.

Are professional codes of conduct shining lodestars for how to behave in financial markets — or dusty screeds of boilerplate that no one can remember? That is what a group of enthusiasts are trying to discover, in the hope that such codes, if used in the best way, could genuinely improve behaviour.