Fidelity International has appointed Keong Kim as a fixed income trader for emerging markets, in London. A ten-year veteran of PineBridge Investments, Kim started his career at the firm in 2016 as a fixed income trader. Kim, who holds a master’s degree in Banking and International Finance from Bayes Business School was most recently head…

The European Commission published its Communication on the Competitiveness of the Banking Sector and the Single Market in Banking on Friday, drawing a cautious welcome from a senior European Parliament figure who called for faster and more ambitious action. Markus Ferber, the European People’s Party group’s spokesman for economic and monetary affairs in the European…

The European Parliament’s Economic and Monetary Affairs Committee voted on Wednesday to adopt a report on strengthening the international role of the euro, after the centre-right European People’s Party secured significant amendments to the original draft. The own-initiative report, which sets out a framework for expanding the euro’s global standing, was revised at the EPP’s…

BondAuction, the fintech platform that sought to reform price discovery in primary debt capital markets, has shut down after five years of operation, citing an inability to secure sufficient adoption from underwriting banks. The London-based company, which developed technology enabling price discovery to one-tenth of a basis point in bond issuance, said structural barriers in…

Tradeweb has completed its first real-time transaction involving tokenised US Treasuries, pairing an on-chain government bond with tokenised cash in a trade that bypassed traditional settlement constraints. The transaction, executed on July 1, saw Franklin Templeton transfer a tokenised US Treasury security to Virtu Financial in exchange for USDCx, a form of tokenised cash. The…

Tourist economies are creating a two-speed cost of living, and the people who lose out are rarely the visitors. Across Europe, the UK coast, US resort towns and New Zealand’s southern lakes, a familiar pattern has re-emerged in 2026: rents, property prices and everyday goods rise sharply when tourist demand peaks, then slacken in the…

Hong Kong and mainland Chinese regulators announced a package of measures on 7 July to expand cross-border bond trading and strengthen the city’s offshore renminbi market. The Hong Kong Monetary Authority, the People’s Bank of China and the Securities and Futures Commission said they would increase the annual investment quota for Southbound Bond Connect and…

ABN Amro Clearing Bank has appointed Simon Dove as global head of business development and execution. Dove joins from Instinet, where he spent more than five years in a role focused on growth and revenue generation. He has previously held senior positions within proprietary trading, market making and exchange operations. The appointment brings more than…

The International Swaps and Derivatives Association has urged US financial regulators to correct what it describes as a serious calibration error in the standardised approach for counterparty credit risk (SA-CCR), warning the current framework threatens liquidity in the US Treasury market. Scott O’Malia, ISDA’s chief executive, argued on July 7 2026 that the Basel III…

India’s stock market and currency have underperformed comparable emerging markets for more than a year, despite the country maintaining its position as the world’s fastest-growing major economy, according to Barclays Research. The bank’s analysts are examining whether conditions may be shifting to reverse this trend. Separately, oil prices have retreated to levels seen before recent…