UK

Debate on the location of euro clearing flared up again this week as the Bank of England warned of “substantial risk of disruption” for the activity, while the European Commission gave its blessing to more powers for the European Central Bank over central counterparties (CCPs).

HSBC has poached a senior banker from Bank of America Merrill Lynch to be its head of high yield syndicate, a source familiar with the matter has confirmed to GlobalCapital.

Applications to be the post-Brexit home of the European Banking Authority (EBA) are in and the European Commission (EC) has published a summary of what each country offered, and how it will choose between them.

Shares in Charter Court Financial Services, the UK challenger bank, rose 5% on their debut on Friday, after the company priced its IPO at 230p a share, the middle of the initial range.

Barclays was looking to add to the £4.8bn equivalent of senior funding it has done this year with a sterling deal in a ‘hot’ tenor on Friday. The deal arrived as Mark Carney, the governor of the Bank of England, talked about a rise in interest rates in the near term.

Northumbrian Water brought the first sterling corporate bond of the week when it announced a £300m 10 year deal on Thursday. It was almost a year to the day that it priced an identical deal.

The doyenne of derivatives policy in Europe, Kay Swinburne MEP, warned on Thursday that political urges in the European Union risked tainting the oversight of foreign clearing houses.

No matter where in the world a European trading firm wants to find a counterparty, they will have to comply with the Markets in Financial Instruments Directive (MiFID) from January 2018. And in Asia, that might cost them business, according to panellists at an International Swaps and Derivatives Association (ISDA) conference this week.

ING is planning to bring on a director of leveraged capital markets from Société Générale early next year.

Rarely, in any walk of life, one meets someone who stands out from the crowd — whose qualities command the admiration of all around them.

On Thursday, Northumbrian Water brought the first sterling corporate bond of the week when it announced a £300m 10 year deal. It is almost a year to the day that it priced an identical deal.

Henrik Ljungstrom has left his role on ING's loan syndicate and sales team after almost three years.