UK

UK banks will be allowed to use one year call structures to optimise the capital eligibility of their senior bonds, after the Bank of England published new rules governing the minimum requirement for own funds and eligible liabilities (MREL).

US and European equity investors have reacted with a degree of equanimity to Donald Trump’s capture of the White House, fastening on to the idea that he is likely to stimulate the US economy with deficit spending.

LCH has cleared over $1tr in inflation swaps since the service launched in April last year, and growth has picked up sharply since US margin rules on uncleared derivatives came into force.

Shares in Phoenix Group Holdings, the UK buyer of closed life insurance books, have gained 1.9% since the company announced on Wednesday the successful completion of its £735m rights offer to finance its takeover of Abbey Life.

Donald Trump’s shock US election victory in the early hours of Wednesday caused a shockwave to course through derivative markets overnight. But by midday in London traders said the overall reaction was much more orderly than in the aftermath of the UK vote in June to leave the European Union - and by close of business some markets had made full scale retrenchment.

Banks will have more time to build up sufficient equity and debt for their minimum requirement for own funds and eligible liabilities (MREL), said the Bank of England.

Singapore Exchange has completed its takeover of the Baltic Exchange in London.

Derivatives markets across asset classes are projecting increased confidence of a Hillary Clinton win in Tuesday's US presidential election, but also revealing concern that volatility could then evaporate from markets for the rest of the year.

Four Masala bonds, totaling £600m ($751m), are expected to be issued in London in the next three months, UK prime minister Theresa May said in a press conference during a trade visit to India this week.

Russia plans to roll out a futures contract for crude oil by the end of this month, fulfilling a goal that has alluded the country for over 10 years but which the government believes will be a major step for its economy.

Three UK investment funds committed to the fight against cancer are coming together through a complex equity deal, to form what they hope will be a powerhouse of financing treatments to battle many forms of the disease.

Finnish packaging firm Powerflute has extended the deadline on its €400m leveraged buyout by Madison Dearborn to this Friday, as has BMI Healthcare for its £285m refinancing.