Gareth Gore is an associate editor at IFR, where he heads the global people and markets coverage. Since joining the magazine in 2009, he has written extensively on the eurozone crisis, sovereign debt, banking regulation and the international capital markets. He previously worked as a Madrid-based correspondent for Bloomberg, and has also worked for Risk magazine.
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Moody’s is planning major changes to the way it assigns credit ratings to banks worldwide to better reflect the way that creditors would be impacted by the failure of such institutions under new resolution rules brought in after the financial crisis.
The Depository Trust and Clearing Corporation plans to roll out a new tool to centralise client compliance checks to the entire industry next year, after positive feedback from the six founder banks that have been using the system since its launch in July.
Former Majority Leader of the US House of Representatives Eric Cantor has joined boutique investment bank Moelis & Company as vice-chairman and managing director.