UK

In this round-up, Malaysia opens RMB qualified foreign institutional investor (RQFII) applications, Macau launches a RMB real time gross settlement (RTGS) payment system, China Construction Bank (CCB) will join the new London silver fix, and the Singapore Exchange (SGX) reported a strong start to RMB currency futures trading in 2016. Plus, a recap of GlobalRMB's top stories this week.

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“I’m not going to let that stand,” said Bank of England governor Mark Carney, calmly.

Bank of England governor Mark Carney confirmed to the UK parliament on Tuesday what currency traders and analysts have been saying for weeks: worries about the EU referendum are sending prices higher for sterling options and raising the risk of a sharp fall in the pound.

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A number of UK banks are expected to tender for opco debt in the coming months, following in the footsteps of Barclays, which announced the results of its latest buyback on Wednesday.

Vertu Motors, the UK retailer of used and new cars, raised £35m (€44.65m) from an intraday block sale of new shares on Wednesday.

Hotel Chocolat Group, the chocolate maker and retailer, announced plans this week to float on London’s junior stock exchange.

SIG, the UK building materials producer, has said it is considering its refinancing options for £130m of US private placement notes maturing in November.

Deficiencies in solvency and capital, not a loss of liquidity, cause banking crises, said the Prudential Regulatory Authority’s new chief executive in a speech on Wednesday, rejecting a view held by many bankers that much post-crisis regulation represents a misunderstanding of how the 2008 crisis came about.

Bank of England governor Mark Carney confirmed to the UK parliament on Tuesday what currency traders and analysts have been saying for weeks: worries about the EU referendum are causing higher prices for sterling options and raising the risk of a sharp fall in the pound.