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The UK’s Financial Conduct Authority has launched a consultation on proposed cuts to red tape in the capital markets, including the lifting of restrictions on the distribution of bond research, in support of the government’s aim to enhance the country's financial competitiveness.

The European Commission has fined three banks for breaching European Union competition rules in trading SSA dollar bonds in the secondary market, it said on Wednesday.

HSBC has appointed Jean-Manuel Richier as co-head of global banking and head of investment banking in continental Europe after the previous holder of the position, Hubert Preschez, left for M&A boutique Messier and Associés.

Danmarks Nationalbank, the Danish central bank, has hired a new head of monetary policy operations and government debt.

When António Horta-Osório takes over as chairman of Credit Suisse on May 1, he will be fighting fires on all fronts. While the bank has a relatively strong capital position, boosted by a $2bn fundraising announced on Thursday, shareholders are demanding answers over strategy and controls. Perhaps more ominously, the Swiss regulator Finma has instigated enforcement proceedings, writes David Rothnie.

HSBC has named a senior Wells Fargo banker as its new head of global banking for Europe, replacing the departing Philippe Henry.

The global head of bond syndicate at Standard Chartered has been placed at risk of redundancy. The bank will divide his responsibilities between two other positions, one of which was vacated just last week.

RBC Capital Markets has created a new leadership position at the top of its global public sector markets business, promoting a senior banker in Toronto to fill the role.

Citi's head of EMEA banking, capital markets and advisory, Phil Drury, is relocating to San Francisco to take charge of a new franchise covering technology and communications.

DirectBooks, a platform for primary bond issuance initiated by a group of banks, has added the ability to handle euro and sterling deal announcements as well as a new senior member of staff to run its European business.

Scotiabank has hired a new head of syndication in New York, GlobalCapital understands.

Abraham Douek has left Citi after 11 years spent working on the bank's FIG debt capital markets desk.