Trading places

Project Rainbow has been dealt yet another blow with the departure of its interim CEO, Jeff Bandman. Bandman had held the position since last year and it is understood that his contract was not renewed by the rest of the board of the consortium. It is unclear who will now lead the Project, which has become less active than it would have liked in the past few months. This is due to LCH Clearnet’s indecision over whether or not it...