UK

HSBC has taken two veteran bankers from rival firms to drive its combined strategic equity financing and equity-linked businesses in London and Hong Kong.

The FCA has imposed its first fine for failure to report derivatives trades under the European Markets Infrastructure Regulation (EMIR) — but endemic cultural issues in large banks suggest it won’t be the last.

One of the biggest IPOs in London this year was revealed on Monday when Arqiva, the UK’s largest operator of TV and radio broadcast towers, launched an IPO with a projected valuation of about £5.5bn.

En+ Group, the Russian power and metals company controlled by Oleg Deripaska, has opened the books for its $1.5bn IPO in London and Moscow, which may value it at up to $8.5bn if the deal is priced at the top of its price range.

Cabot Credit Management, the biggest debt collector in the UK, launched its highly anticipated IPO on Friday, adding its name to the already vibrant list of companies preparing to go public in London this autumn.

WM Housing followed the successful path of its fellow UK housing association, Notting Hill Housing Trust, when it announced a copycat benchmark sterling 31 year bond on Friday.

The European Banking Authority (EBA) has warned banks in Europe that any debt they issue under English law may cease to count towards the minimum requirement for own funds and eligible liabilities (MREL) as soon as the UK leaves the European Union.

BNY Mellon and HSBC are building a network to match trades in the corporate bond market using custodian information.

Barclays has beefed up the senior management of its UK mergers and acquisitions business, as part of a plan to boost its market share across Europe.

The CEO of London Stock Exchange Group, Xavier Rolet, will leave the company by the end of December next year, it was revealed in a statement on Thursday.

Millenium Management has appointed a co-manager of its European Credit Fund, who was once head of European high yield syndicate at Royal Bank of Scotland.

EU regulators vowed to push ahead with an EU27 version of the 'Capital Markets Union' as they look at life after Brexit.