UK

Karel Lannoo, the chief executive of the Centre for European Policy Studies, indicated that he was optimistic about the prospects of an equivalency agreement on the oversight of clearing houses between the United Kingdom and EU 27 after Brexit.

Funding Circle, the UK loans platform, has closed the books on its London listing, with heavy demand meaning that there will be large scale backs for many investors, said bankers.

The chair of the influential UK Treasury select committee, Nicky Morgan, told a conference of derivatives bankers, lawyers and regulators, that despite the threat of “serious problems” for cross-border derivatives contracts in a Brexit no-deal scenario, she was “reasonably confident that a no deal scenario will not cause the whole sector to fall over”.

When UK telecoms company Vodafone announced in May that it had agreed to buy some of US rival Liberty Global’s European operations, it said it would use existing cash, €3bn of mandatorily convertible bonds and new debt, including hybrid bonds to fund the €18.4bn acquisition. On Wednesday, Vodafone sold the hybrid bonds, using four different tenors in three currencies.

Revised price ranges have been set on the flotations of Funding Circle and SIG Combibloc as investors continue to support the crop of new European listings coming to market.

Huatai Securities looks set to be the first issuer to test the London-Shanghai Stock Connect, revealing plans to raise at least $500m from a Global Depositary Receipts sale.

Skipton Building Society’s inaugural euro denominated covered bond attracted strong demand, with the generous starting spread securing early order book momentum.

Financial services veteran Marshall Bailey has been appointed chair of LCH Group, the clearing firm majority owned by London Stock Exchange Group (LSEG).

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

BNP Paribas has hired Nomura's John Bigham as a senior banker, to boost its strategic UK coverage.

Representatives from all corners of the derivatives industry will tonight gather at the Jumeirah Carlton Tower in London to celebrate the winners of the GlobalCapital Global Derivatives Awards.

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.