Bloomberg China’s central bank said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of the country’s top leaders later this year. The People’s Bank of China also said it will limit the flow of credit to speculative housing purchases and monitor how global markets are affecting funding in the ...

Bloomberg The Bank of England will strengthen its conflict-of-interest checks as part of its response to the controversy surrounding the resignation of former Deputy Governor Charlotte Hogg after just weeks in the role. Clarity about conflict-approval processes will be improved after a review found ambiguities in BOE policies as well as shortcomings in its systems that heightened the risk of ...

Bloomberg UBS Group AG has brought David Chin out of retirement to run its investment bank in Asia, as it seeks to stem a wave of defections of China-focused bankers. Chin will become UBS’s head of corporate client solutions for the Asia-Pacific region, replacing Sam Kendall, who will relocate to New York as head of global equity capital markets, according ...