Spencer Anderson is a senior report at IFR on the people and markets desk. Since joining in 2011 he has written extensively on banking regulation, tax issues and capital markets. He was previously with the Financial Times.
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Australian banking major ANZ revived the sleepy Dim Sum market with a Rmb2.5bn (US$403m) Tier 2 bond offering last week, becoming the first foreign issuer to sell a Basel III-compliant capital instrument denominated in renminbi.
Former UK regulator Hector Sants has resurfaced at Oliver Wyman where he will join the American consultancy as a partner and vice chairman next July, after completing a six-month stint advising in the Middle East.
Smaller and mid-tier banks are hoping forthcoming changes to the Financial Conduct Authority’s new structure, revealed last week, will improve their relations with the UK regulator. From next April there will be dedicated divisions focusing on larger and smaller firms respectively for authorisations an