UK
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The Bank of England’s Prudential Regulation Authority (PRA) is consulting on levelling the capital playing field between the large banks, which use their own models to calculate risk, and the emerging challengers, which must use standard risk weights.
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NEX Group, the e-trading company spun out of ICAP and Tullet Prebon's merger, has hired Dr Kay Swinburne, an MEP who has been at the heart of writing trading regulation, to its new regulatory think-tank. -
Shares in Cobham, the troubled UK aerospace and marine technology company, closed 13% higher on Thursday after the company unveiled its 2016 results and a turnround plan involving a second £500m rights issue in nine months, to strengthen its balance sheet.
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UK pub company Stonegate on Thursday priced a £595m two part high yield bond, comprising fixed and floating rate notes, to extend the comeback of the sterling market this year.
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BioPharma Credit, the closed end investment company focused on life sciences, has announced the largest UK IPO of the year so far.
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The Financial Conduct Authority has set out its proposals for reforming the UK IPO process, as the markets regulator looks for ways to maintain the UK’s eminence in capital markets.
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Royal Bank of Scotland (RBS) paid a remarkably slim premium to print a new final-year callable senior bond from its holding company on Wednesday, after the issuer saw a opportunity to capitalise on the outperformance of UK credit in 2017.
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Barclays was met with hot demand for a new additional tier one trade in the undersupplied sterling market on Tuesday, with the trade quickly racking up more than £6bn ($7.35bn) in orders.
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Laird, a UK supplier of mobile phone parts to Apple and Samsung, launched a £184m ($225.55m) rights issue after it released its full year 2016 results on Tuesday.
