The Financial Conduct Authority (FCA) has confirmed director of supervision Clive Adamson is leaving the organisation as it makes sweeping structural and personnel changes.
FCA director of enforcement Tracey McDermott is to become the regulator's director of supervision in a shake-up of its reporting lines, according to reports.
Credit risk seems to have taken a back seat recently, with even Lufthansa's junk-rated bond being massively oversubscribed. Using a metric like the Moody's Analytics expected default frequency measure could help passive allocators manage credit risk,...
BlackRock is planning to hard-close the £1.2bn BSF European Credit Strategies fund, managed by Michael Phelps to new money.
Psigma Investment Management has teamed up with City Financial to launch a European high yield fund for its head of credit John Sullivan.