UK

Renminbi’s share of international payments rises slightly in February, Liaoning free trade zone (FTZ) allows foreign investors to build renminbi pool, and the Chinese president Xi Jinping to meet with his US counterpart for the first time. Plus a recap of this week’s coverage.

The Basel Committee said on Wednesday that it had not figured out how the regulatory capital regime could deal with the IFRS 9 accounting rules set to come in next year and backed a transitional period, as few banks are ready for the ‘capital shock’ that could result.

The European Commission delivered the final blow to a proposed merger between Europe's biggest stock exchange operators, Deutsche Börse and the London Stock Exchange, on Wednesday, but some market observers wondered whether the parties themselves had gone cold on the deal.

The Bank of England’s new biennial ‘exploratory’ scenario (BES) suggests stress testing has entered an improved and more mature phase, putting the spotlight on business models as well as capital adequacy.

Shares in BioPharma Credit, the UK closed end investment fund focused on the debt of life sciences companies, closed 2.9% above their IPO price on Thursday when they started trading in London on Thursday after the company finished its $762m IPO.

UK hospital funding vehicle St James Oncology Finance has brought perhaps the most unusual trade of the week in the corporate bond market, printing a triple tranche sterling bond that included a US private placement and inflation linked debt.

Santander UK opened books for a new sterling additional tier one (AT1) transaction on Thursday, marketing the deal against a backdrop of calm following the UK’s decision to trigger Article 50.

The UK will run one syndicated bond issue in the first quarter of its 2017-18 financial year, as Gilts shrugged off the triggering of the country’s journey towards the European Union exit and a vote in the Scottish Parliament calling for a second independence referendum.

The UK’s Financial Conduct Authority (FCA) has fined Christopher Niehaus, a former managing director in industrials investment banking at Jefferies, for sharing information about a client’s rights issue to impress his friends.

The European Commission on Wednesday struck down the all-but-dead proposed merger of the London Stock Exchange Group (LSEG) and Deutsche Börse.

Cory Riverside Energy, the UK waste management and energy firm, has signed a £520m loan restructuring package, after divesting three of its four businesses since Strategic Value Partners took control of it in 2015.

Chatter about the 'Trump Dump' as investors lose confidence in US economic stimulus may be intensifying, but it has not produced the equity correction predicted, and capital markets in Europe are ploughing ahead, unfazed by the UK's triggering of Article 50 on Wednesday.