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Features archive
Asset Servicing Times
As technology developments shape the world around them, financial services firms are starting to adapt. This year’s Sibos conference outlined where the industry is settling in, and where there are still milestones to pass
Rocky Martinez considers how AI can help improve post-trade processes, and how SmartStream’s new reconciliations solution is moving a step in the right direction towards helping firms keep costs at sustainable levels
New regulations, new competition and new cost pressures mean custodians and sub-custodians have more balls in the air than ever before
Mark Aldous, head of managed services for Delta Capita, discusses product governance and the need for more cooperation between manufacturers and distributors before the 3 January 2018
The past decade has seen significant change in securities services, but some challenges lead to lessons learnt, says Deutsche Bank’s Satvinder Singh
Artificial intelligence is already a reality in daily life, and it has a place in financial services, says Matt Davey of Societe Generale Securities Services
As technology has advanced, so too has the threat of cyberattack, and if financial services firms put a foot wrong, they stand to lose more than money
AI and machine learning technology is here to stay, but should the financial industry embrace a super-efficient helping hand, or keep it at a safe distance?
As if the regulatory environment, cyber threats and cost challenges weren’t enough, custodians are also under more pressure than ever to compete
Shifting market demands and new regulations are making for an interesting year in the collateral marketplace, says Northern Trust’s George Trapp
Any firm whose clients or counterparties are affected by MiFID II will also fall within the regulation’s vast scope, says Tony Freeman of DTCC
Mark Baker of SimCorp assesses the results of two recent surveys to gauge what matters most when optimising collateral and controlling liquidity
Jay Patani of software company ITRS looks at how financial institutions of all shapes and sizes can reduce reputational risk in their trading systems
As the FCA consults on the potential expansion of its Senior Management and Certification Regime, Stephanie Palmer gauges the initial reactions
In a climate of regulatory change, cost pressures and cyber threats, the network management industry will be at its strongest if it sticks together. Stephanie Palmer reports from The Network Forum in Warsaw
Regulation and technology were still the hottest topics in town at Fund Forum International in Berlin. Stephanie Palmer reports
As the active-passive fund debate reaches fever pitch, there is a third option, says Broadridge’s Stephanie Clarke
Asset managers are increasingly relying on data, and the service providers that can manage it, heard attendees at London’s TSAM conference
As the long-standing Barclays Point risk analytics solution winds down to retirement, investment managers have some tricky decisions to make, according to Confluence’s Katie Kiss
Fund administrators could be best off leaving back-office technology upgrades to the professionals, says Kelly Ashe of Pacific Fund Systems
In the search for alpha, appointing an investment fund and a management company can bring myriad benefits, says Eduard von Kymmel of VP Bank
Fund distribution is entering the digital age, and so can traditional service providers. Fundsquare’s Paolo Brignardello explains
Blockchain may be the talk of the town, but before the industry starts moving ahead, it has to figure out in which direction it will go
Technology is changing the way we live, work and invest. Experts discuss how transfer agency is reacting as the movement gathers pace
The Middle Eastern markets are diverse in many ways, and they’re focusing on themselves before they look to harmonise settlement cycles within the wider region
Testy relationships can lead to damaged reputations and lost revenue, so it’s important to promptly repair the cracks, says John O’Hara of Taskize
The Financial Conduct Authority’s sandbox initiative is well underway, but in 2017, fintech providers may have to come up with something more concrete, lest their consumers lose interest, says Sam Pearse of Pillsbury Law
Swinging between a high- and low-touch approach can put trade execution at risk, and finding a balance is key, says Steve Grob of Fidessa
With asset managers under pressure from all angles, doing more with data can help them to thrive, says BNY Mellon’s Daron Pearce
While PRIIPs could increase costs for fund managers, the real challenge is ensuring the clients are protected, says Paolo Brignardello of Fundsquare
A robust content management solution and data set is more important than ever before, says Colm Carey of Donnelley Financial Solutions
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Lou Lesnika, assistant vice president of trade selttlements at CIBC Mellon, provides an update on asset servicing in Canada
Asset servicing providers are facing increasing responsibilities. Valérie Gilles of CACEIS explains how these can be overcome without breaking the bank
Advances in technology have led to improved outsourced services, and in the middle office there is increasing drive, and necessity, to use them. Guillaume Heraud of Societe Generale Securities Services explains
As the UK government starts to consider what a post-Brexit Britain might look like, it must consider what the new model will mean for fund managers, says Sam Pearse of Pillsbury Law
With more data to play with than ever before, asset managers need a solid strategy if they want their sums to make any sense...
Market participants need to exploit their data in a more intelligent way, according to Mathieu Maurier of Societe Generale Securities Services...
Whether disruptive or delightfully progressive, blockchain is a force of nature that’s growing fast, and attracting the attention of the powers that be...
Bas Wisselink, board member at the Nxt Foundation on regulation for blockchain technology, assesses which governance model could be best for distributed ledger tech...
Distributed ledger tech is the talk of the town, but how will fund management and custody functions fare in the future? Stephen Bayly of HSBC explains
The world of financial services is in flux, but between Brexit, regulatory change, and ever-changing consumer expectations, there could be opportunities for asset managers, says Henry Hilska of VirtusaPolaris
Some institutions are finding themselves tangled up in legacy systems of duplicated functionalities. If they want to run smoothly, it’s time to strip back their infrastructure, says Tim Brazier of GFT
Regulatory change is causing new patterns to emerge among alternatives, including increased automation, risk mitigation and reporting. Jay Nusblatt of RR Donnelley and Sean McKee of KPMG take a look
Seamless processes are necessary to ensure accuracy, reliability and consumer confidence when it comes to the Packaged Retail and Insurance Investment Products Directive, says Paolo Brignardello of Fundsquare
Data volumes are perpetually on the increase, and asset managers will need to learn to master and control them if they want to remain competitive
As regulatory reporting requirements become more onerous, Poland’s central securities depository, KDPW, is stepping up to assist, says CEO Iwona Sroka
With increasing volumes of corporate actions come regional reforms, more responsibility, and new regulatory challenges—and asset managers have it far from easy. Experts discuss the issues
Post-trade is still riddled with manual processes, inefficiencies and risk, but firms need to work together to become more streamlined and technology-savvy, according to John O’Hara, CEO of Taskize
In the world of network management, challenges are coming from all directions, but the industry came together in Dubrovnik to discuss solutions, and to find ways to adapt to a new European landscape
New unbundling rules for research fees are rolling in with MiFID II, and if asset managers aren’t wary of them, they could meet unexpected danger
After an apt relocation to Berlin, Fund Forum was focused on the many changes, and new pressures, facing the financial services industry
The UCITS regime is merging more and more in to something that looks a little like AIFMD, but convergence of the two may be a way off yet, according to Etienne Deniau, Serge Balatre and Jean-Pierre Gomez of SGSS
Over-zealous know-your-customer rules are a risk to financial services if left unchecked, says Olivier Portenseigne of Fundsquare
Regulators must encourage innovation in asset management to make compliance easier for everyone, says Confluence’s Nicola Le Brocq
BNP Paribas recently gathered a handful of experts together to discuss what distributed ledger tech has in store for financial services
The landscape is changing for sub-custodians, with regulations shifting and clients becoming more and more demanding. Now that global players are showing more interest in individual markets, can the local guys work with them, or should they see them on their way?
Delegates looked to a future of fintech at the SWIFT Business Forum
With market indices disappearing, asset managers will have to look for new partners for fixed income attribution, says Confluence’s Philippe Gregoire
TSAM Europe got a little futuristic with talk of tech, data innovation and blockchain, but plans may be marred by the regulations up ahead
Delegates at the ALFI Spring Conference were feeling good about blockchain, responsibility and even regulation—although speakers had some warnings, too
The road for transfer agents is long and fraught with danger, and ITAS delegates found there’s no knowing the best way out of the woods
As asset managers strive to become more transparent, service providers might do well to ensure they’re tailored to new social and eco-friendly demands
Basel III is still a work in progress, and Basel IV might be just around the corner
A year since joining the multilateral trading facility Turquoise, Robert Barnes explains his team’s strategy and the vision for a single European market
The regulatory storm is showing no sign of abating, and it’s unclear whether the outcome will be worth the effort. BNY Mellon’s Paul North explains
Nothing exists in a vacuum, even the untouchable collateral function
Shifts in collateral and regulatory pressures mean there are new options for beneficial owners, as long as they are willing to be flexible, writes CIBC Mellon’s vice president of global securities lending, Jeffrey Alexander
Cross-border infrastructure remains inadequate in Africa, but the foundations are there if the continent’s countries can work together
Electronic GMs are the way forward, says Yakup Ergincan of MKK
The Chinese market has taken a knock to its confidence, but despite its size, it is still merely an emerging market, and must take these setbacks in its stride
Turquoise’s Robert Barnes suggests that the answer to more efficient trading functions in Europe could lie in the differences between light and dark
With T+2 on the horizon, operations managers need to get to grips with the risks and learn to embrace new technologies, according to GBST
Movement towards Asia, regulation and fintech are the main drivers behind change in financial services, heard attendees of Sibos 2015 in Singapore
Currencies are evolving as technology spurs ahead and borders cease to exist
For investment banks to continue to be the dominant players in this tough, ultra-regulated world, they cannot simply adopt new platforms. They need to be leaders in the digital trading revolution, says Rob Scott of Commerzbank
Information is more important than ever, but Mark Davis of Avox says that if firms take their eye off the ball, they could end up relying on data that is already out of date
Achieving operational efficiency today should be a priority for asset managers, if they’re going to survive tomorrow. Todd Moyer of Confluence explains why
Small change can lead to big savings, but according to Fundsquare’s Olivier Portenseigne, in the funds industry, it’s a case of looking after the millions, and the billions will look after themselves
ESMA’s recommendations for AIFMD passporting were the talk of the summer, but whether today’s choice is tomorrow’s success story depends on much more than popularity
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Global expansion is perhaps the most sought-after prize of the business world, and according to Calastone’s Rob Swan, visibility is the key to finding it
Adapting to global regulations and standards means understanding how they play out in each local market, explains CIBC Mellon’s Shane Kuros
Fund administrator Maitland has chosen Oracle as its technology partner for transfer agency. Anand Ramachandran and Jim Clark talk market evolution, operational efficiency, and old-fashioned customer service
As the Czech CSD approaches its fifth birthday, there are still concerns around the safety of securities. CSOB’s Marek Začal explores why
Guidelines from ESMA will have a profound impact on brokers and their clients. Those looking to make a smooth transition will need to make some important choices, but they also have an opportunity to position themselves for the future. Experts from GBST take a look
As grace periods come to an end and legacy systems are found wanting under the weight of regulatory scrutiny, the pressure will grow to come up with sound, persistent solutions that greatly diminish the threat of crippling fines and levies. Simon Shepherd of MYRIAD reports
Robert Scott of Commerzbank considers how the security services, custodial and asset servicing businesses are pricing their offerings, and whether change is needed for the good of clients
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The Romanian market is improving at a gallop, but Andrei Mezdrea of Raiffeisen Bank explains why it still has a way to go if it’s to graduate from the frontier
Accuracy, availability and consistency of fund data could have a significant impact on asset managers’ reputations, says Lee Godfrey of KNEIP
Asian passport initiatives create a great opportunity for Asia-based fund mangers, but barriers remain, says Sébastien Chaker of Calastone
Experts from Pacific Fund Services and RBC Investor & Treasury Services discuss how automation could be the key to a cleaner back office
In these tech-savvy times, speakers at the SWIFT Business Forum in London questioned why we’re still waiting for faster payments systems
As the data revolution gets underway, asset managers need to be armed to analyse, or risk missing the battle all together
The one-dimensional fund administrator is a thing of the past
MKK’s Yakup Ergincan suggests that the Turkish model is the best way forward for electronic general meeting management systems
With the introduction of a new payments regulator, the Payments Council will cease to exist in its current form. Ahead of that, here is what the organisation wants to see become of the industry it has overseen since 2007
Talk of innovation dominated ITAS 2015, but should asset managers be worrying about the issues of today or the tech troubles of tomorrow?
The regulatory and market landscape in Asia continues to evolve, with implications for clearing and settlement across the region. Nicholas Bone and Stephen Pemberton of Standard Chartered Bank take a look
Clients should make efforts to understand their provider’s business model, operational structure, processes and personnel, says Ben Jenkins, global head of transition management at Northern Trust
There are positive signs that the industry is aware of the challenges and opportunities of T2S. Denis Orrock of GBST Capital Markets reports
The ability to seamlessly implement collateral processes across asset classes and borders will be critical to success, says Ted Leveroni of DTCC
The asset management sector is yet to get to grips with big data. Transfer agents may be able to help
The transfer agency landscape is shifting, and in 2015, it will be those willing to adapt that will survive. Industry experts discuss the challenges ahead
Jon Willis of Calastone explores the changing behaviour of investors and challenges the industry to radically re-examine how it seeks to serve
Camille Thommes of ALFI explains how the financial behemoth that is the Chinese market could learn more than a little from Luxembourg
Compliance with OTC derivatives reporting has been a rocky road for buy-side firms, and it doesn’t look like EMIR is going to let up anytime soon
Hugh Daly of Message Automation explains how regulatory changes from the Pittsburg G20 summit could lead to multi-purpose strategies and a more organised OTC derivatives market
The brains behind the Lombard-Genpact collateral management deal explain the many benefits of speedy processing
Fundsquare and Silverfinch have teamed up to take on Solvency II reporting and unite two industries. Paolo Brignardello reports
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CACEIS executive Pascal Hernalsteen unpacks the servicing needs of private equity and real estate fund managers
When the history of the twenty first century is written, how will transparency as a means of averting financial disaster be viewed? Simon Shepherd of MYRIAD Group Technologies examines the possibilities
Australian fiduciaries and investors must grasp all opportunities to participate in relevant securities class actions, says Andreas Costi of Goal Group
Mexico’s extended opt-in period is a significant departure from the procedures in the US, says Noah Wortman of Goal Group
Enforcing global regulations into a local market doesn’t have to be difficult, explains CIBC Mellon’s Alistair Almeida
MYRIAD’s Simon Shepherd discusses the role of network management in living wills
Societe Generale Securities Services UK introduces its new wealth and investment management outsourcing solution
Yasutoshi Kaneko of the Nomura Research Institute tracks the trend of asset managers in Japan turning towards BPO and BCP services
A panel of experts assesses the potential effects of TARGET2-Securities on corporate actions in Europe, and what Asia is doing to catch up
The Asian market is taking evolution to the next step. Donal O’Brien of GBST explains the latest trend in the industry
Investors are increasingly adopting an international investment strategy to maximise earnings from securities, says Vicky Dean of Goal Group
The risk management oversight in the context of AIFMD for illiquid and real assets requires a significant effort, at least for its initial set-up, says Norddine Bennani of BMA
Spanish investors must remain vigilant about their ability to participate in class actions in other jurisdictions, says Tania Dupoy of Goal Group
Pascal Roland of SWIFT discusses the challenges facing custodians and the need to empower product and network managers with more business intelligence
Panellists discuss how the custody business is changing in Central and Eastern Europe, and what the new world will look like
Malaysian fiduciaries and investors must grasp all opportunities to participate in relevant securities class actions, even though the country’s own domestic securities legislation is not yet fully established, says Jonathan Hu of Goal Group
With South Africa setting the standard for other African countries, it is reasonable to expect this momentum will have a positive effect on introducing class actions legislature into their laws, says Pat Bingham-Peters of Goal Group
HornbyChapman LTD’s Paul Chapman examines what a vote for or against Scottish independence would mean for the UK’s financial industry
Mario Mantrisi of Kneip discusses the challenges raised by AIFMD’s Annexe IV reporting and how firms can turn them into competitive advantages
Failing to monitor and participate in class actions internationally should not happen, says Goal Group’s Brian Slade, who takes a look at the case in New Zealand
Noah Wortman of Goal Group analyses Israel’s Class Action Law
Tania Dupoy assesses class actions in the Nordic region
Banco Santander’s sale of 50 percent of custody assets to Warburg Pincus shows growth in Spanish and Latin American markets and global ambitions
Attendees of European Clearing and Settlement conference in London heard that T2S is “progressing well”, but there is still more regulation to come
Tania Dupoy of Goal Group looks at the lay of the class action land in Switzerland
NeMa 2014 in Vienna was hot, humid and handsomely attended
Given that mitigating resilience risk is likely to become FCA policy in the near future, the ability to replicate data is an issue that all asset servicers must consider as a matter of urgency, says Paul Sinclair of Exact Consultancy Services
Settlements for the Asia Pacific market will reach $3.44 billion by 2020, according to Jonathan Hu of Goal Group
Collateral management looks increasingly unlikely to go the same way as the oil or gas industries and become a commodity product. Instead, firms will look for providers with broader selling points, argues Robert Almanas of SIX Securities Services
‘Loi Hamon’ is an important advancement in the protection of French consumer rights, and could soon be extended, says Tania Dupoy of Goal Group
Investor participation in corporate governance is on the rise around the world
It is only a matter of time before one of the larger international service providers realises that service delivery to the retail broker-dealer space sector is not as complicated as many believe, says Denis Orrock of GBST Capital Markets
The changing legislative landscape will force central securities depositories to reinvent their businesses, says Péter Csiszér of Keler Group
Fund administrators must get busy or die trying, according to a panel of experts
T+2 is almost upon us—are you ready for 6 October? Véronique Boizard and Nicolas Morice of SLIB take a look at the situation as it currently stands
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The evolving regulatory environment will continue to place significant pressures on financial firms and create myriad challenges for managing and processing collateral, says DTCC’s Mark Jennis
There is always a chance that what is missing from having an overview of risk is actually what ends up costing money, says Simon Shepherd of MYRIAD
Custodian banks must work hard at delivering holistic, integrated services with a straightforward, transparent look and feel, says Robert Scott of Commerzbank Corporates & Markets
While the focus of Guernsey Funds Forum 2014 was on the raising and allocation of funds, the principal question of whether the pursuit of capital was an art or a science provided an intriguing sub-plot
Despite impressive annual figures and global growth, custodian banks must remain vigilant, as monumental regulations edge closer towards implementation
Is the US Supreme Court revisiting fraud-on-the-market theory a possible game changer? Noah Wortman of Goal Group reports
The decision in one Austrian case does not create a binding precedent for other claims, finds Goal Group’s Tania Dupoy
All parties should acknowledge the cross-border opportunities presented by legislatures such as the Netherlands to reclaim damages to which they are legally entitled, says Tania Dupoy of Goal Group
Mitsubishi UFJ Fund Services has added Meridian Fund Services to its stable. Deputy CEO Tim Calveley explains the purchase, and why clients are keen to sign up to custody and lending when there’s a strong balance sheet to back them up
Tania Dupoy of Goal Group breaks down how the 2002 ABB corporate scandal, dubbed ‘the Swedish Enron’, was the key motivation for allowing private rights of action for securities disputes
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Alan Paris and Robert Martin of eClerx discuss the global implications for collateral management—and potential regional niggles that could hinder progress
The German KapMug could resolve individual investors’ claims, but the lethargic Deutsche Telekom ruling brought into question the efficacy of the act. Tania Dupoy explains
EuroCCP’s CEO Diana Chan discusses the optimal number of equities CCPs for Europe
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Potential heavy legal fees had put Hong Kong investors off bringing class actions in the past, but progress in government may encourage better behaviour from firms, says Jonathan Hu of Goal Group
The damage caused by banking scandals may have been minimised by an event-driven reconciliation solution, says Todd Sloan, senior vice president of reconciliation systems at Electra Information Systems
The buy side will need to look to sell-side firms and their global custodians for assistance with tricky collateral raising and allocation, says HSBC
Distinct operations in each Asian market can be costly and inefficient, but there are opportunities to consolidate processing, says GBST’s Denis Orrock
All parties should acknowledge cross-border opportunities in legislatures such as Italy and reclaim damages to which they are legally entitled, says Tania Dupoy of Goal Group
Though Celent and ISDA disagree on whether automating portfolio reconciliation has been reactive or not, the case has been made for a better breed of technology
Prime brokers must decide what pricing they can provide, unless they want to lose out in the Alternative Investment Fund Managers Directive battle
Individuals must be made more aware of lawsuit filings if Brazilian class actions are ever to succeed, says Christopher Morton of Goal Group
The CorpActions 2013 conference brought up the involvement of issuers, adoption of standards—and possible disruption to CSDs
Representative action in Malaysia has served as the equivalent of class actions, but steps need to be made to ramp up vigilance
With interest rates down, firms are examining their capital options closely. Is securities lending a viable option for REITs? AST takes a look
Securities class actions in England and Wales have been a relative rarity when compared to the US, but a relaxation of certain rules could reinvigorate British litigation in this area, says David Gilbert of Goal Group
Elspeth Goodchild of Rule Financial explains how institutions can gain support from triparty structures in the countdown to compliance
After 19 years at UBS, Robert Barnes explains his team’s strategy for the multilateral trading facility Turquoise, and the vision for a single European market
Milestone’s Geoff Hodge reveals how to unlock hidden efficiencies in funds processing—and the first step lies in its definition
CCPs must find new analytical solutions to survive and thrive, says co-founder of Quartet FS, Georges Bory
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Post-AIFMD, Malta witnessed heightened interest from EU fund managers in redomiciling their offshore investment schemes to Europe, says Valetta Fund Services’s Joseph Camilleri
Ras Sipko, COO of Koger explains how to automate your private equity waterfall
David Linds, senior vice president of business development and relationship management at CIBC Mellon, sells the idea of Canada as a country where mature capital markets and good governance can meld to create an ideal investor’s market
The many regional fund passport initiatives will greatly facilitate distribution across Asia-Pacific, but the existence of multiple schemes and the dominance of European UCITS can potentially temper this change, says Lawrence Au
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A historical disproportionate focus on knitting data together will be replaced by a clear governing policy, says Adam Cottingham of SmartStream
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Class action cases are not taken on lightly by the Israeli court, but its legislation is one of the most developed of the Middle East, says Pat Bingham-Peters
Tania Dupoy of Goal Group gives insight into investor losses from a reclamation perspective—and how custodians can swerve their day in court
A recent discussion with BNP Paribas Securities Services illustrates how ‘big data’ may be more than a buzzword. AST finds out more
Priyanka Birla, senior research analyst covering financial risk at Beroe, discusses the processes behind analysing bank risk
The July deadline for AIFMD has been and gone—but what has really changed? AST investigates
NeMa 2013 brought less griping and more action, as network managers discussed viable solutions to industry challenges. AST was there
The outsourcing of non-core investment manager functions to third-party service providers is increasingly compelling. AST spoke to representatives of BNP Paribas Securities Services about where the bank is picking up business
The UCITS brand was the hot topic at the Irish Funds Industry Association—both for its use in loan funds, and wavering presence in Asia
Geoff Hodge of Milestone Group examines the fundamental but often overlooked need for a dynamic operating model to transform business effectiveness and competitiveness in today’s fund servicing sector
Work is underway to bring end-to-end transparency to international proxy voting. AST takes a look
Stephen Koch of Interactive Data discusses how financial institutions can exploit the LEI to its full potential
Increased corporate governance scrutiny and some hefty class action lawsuits have made custodians and their outsourced competitors sit up and take note. AST investigates
Firms mustn’t use IGAs as an excuse to hold off on Foreign Account Tax Compliance Act compliance, says Dion’s Colin Camp
Milestone’s John Herlihy and Geoff Hodge discuss the increasing prevalence of transparency and control in fund operations
Volta, housed in Great Sutton Street, is Central London’s first new data centre in a decade. Julian King explains how the service will benefit custodians
Northern Trust’s recent expansion of its fund administration business in Hong Kong raised some interesting questions on demand. AST takes a look
Now is the time for custodians to get to grips with the impact of T2S on their businesses and operations, says Harry Newman of SWIFT
Interview archive
Asset Servicing Times
The UK’s pensions industry is facing challenges from all angles, but KAS Bank’s cost transparency dashboard is here to lend a helping hand, says Pat Sharman
Cloud technology could help promote soundness and efficiency in the global financial markets, explains Rob Palatnick, chief technology architect at DTCC
Integration and harmonisation remain ongoing challenges that require the individual touch, as Fiona Hamilton of Volante tells Mark Dugdale
Drew Nicol and BNY Mellon’s James Slater discuss the results of a joint research study with PwC exploring buy-side opinions on central counterparties, incoming collateral rules and the rise of peer-to-peer lending
When it comes to technology, the payments industry should not be too focused on winning the race, says Mike Laven of Currencycloud
Between geopolitical turmoil and the ongoing regulatory challenge, the Luxembourg funds industry remains strong, says ALFI chair Denise Voss
Amid much complexity, Andrew Gordon, Managing director for Asia at RBC Investor & Treasury Services outlines what he thinks will dominate the agenda at FundForum Asia 2017
Payments service providers in Europe, and around the world, would be wise to get set for PSD2. Deutsche Bank’s Shahrokh Moinian explains
A more complex environment means asset managers need to have their ducks in a row, says Colm Carey of Donnelley Financial Solutions
From matters of compliance to risks to data collection, collateral management has an important part to play in the back-office lifecycle. SmartStream’s Jason Ang explains
While clients and regulators focus on counterparty risk, they could be blind to bigger issues. Thomas Zeeb, CEO at SIX Securities Services explains
In a fast-changing post-trade world, the utility model has a part to play. Broadridge’s Vijay Mayadas explains
Post-crisis pressure means fund managers are looking to get more from their treasury functions, according to Hazeltree CEO Sameer Shalaby
Once financial services firms are through this swathe of regulation, they can start again with a clean sheet, says Mark John of Pershing
The CSD space is crying out for innovation and, as usual, distributed ledger technology has a part to play. Rob Palatnick of DTCC explains
The Middle East is on the cusp of a securities services success story, but this plot is not necessarily a new one, says HSBC’s Kapil Seth
Market infrastructure in Africa has come on in leaps and bounds since the global financial crisis, says Akeem Oyewale of Stanbic IBTC
In an industry where inefficiency is no longer acceptable, the financial service providers that can provide cost-effective processes will come out on top, according to Mike Slemmer and Keith Parker of FundCount
It’s important to understand the challenges of regulatory reporting and remember that it is not going anywhere, says Mario Mantrisi of KNEIP
Bermuda’s fund management industry is under pressure from all angles, but things are moving in the right direction, says Kane LPI’s Matthew Charleson
GlobeOp Financial Services was founded by five entrepreneurs who spotted a niche in the market and an enormous commercial opportunity to service a segment of the financial services industry that showed substantial promise and reward.
LEIs, UTIs and UPIs are needed to propel the financial services industry out of the Stone Age and into the industrial revolution. Mark Davies of DTCC Avox Data Services explains
A world in which the EU exists without the UK was incomprehensible not that long ago. Now, it’s an inevitability. Sam Pearse of Pillsbury explains what Brexit might mean for financial services
Operational innovation is inherent in the agenda at Sibos 2016, says Mike Thrower, managing director for EMEA sales at Broadridge Financial Solutions
With rules tightening up around financial crime and personal liability coming into play, it’s more important, and more difficult, than ever to really know your client, says Tom Golding of Accuity
Murray Pozmanter, managing director of DTCC and head of clearing agency services and global operations and client services, explains how collaborating on distributed ledger technology can ultimately reduce risk
As SGSS prepares to attend the conference for the 25th time, Mathieu Maurier talks T2S and regtech, and explains why Geneva is the best place for Sibos 2016
In a world of cost pressures and increasing efficiency demands, an outsourced reconciliations solution could be the difference between smooth sailing and trades failing, says SmartStream’s Christian Schiebl
As Ireland remains firmly in the European Union, its funds industry continues to grow in complexity, diversity and sheer size, says Brian Dillon of Dillon Eustace
The post-trade space still suffers from ‘chronic inefficiencies’, but fintech can be the enabler that leads to improvement, says John O’Hara, CEO and co-founder of Taskize
Investing in onshore Chinese securities is getting easier, and the benefits will reach far and wide. Florence Lee of HSBC Securities Services explains
The frenzy around blockchain has been unprecedented, but is it a disruptive force on the verge of replacing legacy infrastructures, or will its effect be only marginal? Robert Garrison, DTCC’s chief information officer, explains
In a world moving faster than ever, real-time payments are a reality. But banks must collaborate to make the system work, says Juliette Kennel of SWIFT
A common market model can mean better voting processes for both investors and issuers, according to Demi Derem of Broadridge Financial Solutions
Proper analysis of big data can give asset managers the edge, but robots don’t necessarily hold all the answers, says INDATA’s David Csiki
There may have been a delay in implementation, but fund managers must keep an eye on the monster that is MiFID II, says David Moffat of IFDS
Two years on and it seems AIFMD set depositories in good stead for UCITS V asset segregation rules, says Arnaud Claudon of BNP Paribas
Individual gross trades are so passé, and Calastone has a solution all tied up, according to chief commercial officer Jon Willis
Operations departments are drowning in data, but automated number crunching can reduce risk, says Neil Vernon of Gresham Computing
There is still an element of mystery around client data, but Accuity’s screening service can unravel secrets and get to the bottom of client risk, says Adrien Lolly
Jon Willis of Calastone explains how finding new uses for old systems can mean more readily available, and thriftier, solutions
The back office is a robot’s world, according to Senthil Radhakrishnan of Virtusa. And artificial intelligence could mean even more opportunity
As clients and regulators become more demanding, updating the back office is now a matter of survival, says Alex Wolff of Misys
As HSBC extends its direct custody and clearing services across the pond, John Van Verre explains why the move makes sense for 2016
With regulations at the forefront of investors’ minds, easier proxy voting can offer both peace of mind and efficiency, says Broadridge’s Patricia Rosch
Blockchain seems to be a lot of work for something that doesn’t desperately need improvement, according to Diana Chan of Euro CCP
In a region as diverse as Asia, service providers must respect the charm and uniqueness of each market’s infrastructure, says Ian Banks of HSBC
The likes of ISO 20022 can no longer be ignored, says SWIFT’s Stephen Lindsay
Asia Pacific countries need to work together to make the most of foreign investment, according to Lawrence Au of BNP Paribas
Following the launch of the Misys Payments Insulator system, Elliott Limb explains the dangers of leaving payments processing unchecked
Implementing the regulatory change agenda, increased outsourcing and improving efficiency will be keeping Multifonds busy in the future, according to Keith Hale
Financial institutions need to start thinking about the 2017 implementation of the next Markets in Financial Instruments Directive, says Paul North of BNY Mellon Asset Servicing
SS&C Technologies is causing something of a stir with its recent run of acquisitions, but CEO Bill Stone says it will lead to a better offering for everyone
The only way to survive in the topsy-turvy world of regulation and reporting is through complete data transparency, says Ed Royan of AxiomSL
Financial technologies simultaneously help with regulatory compliance and breed unregulated activity, but Sam Pearse of Pillsbury says the authorities will catch up, and that might not be a bad thing
Small changes can have big consequences, and the only way to stay informed is through a single common model, says SmartStream’s Philippe Chambadal
The transaction banking world is going digital, but according to Deutsche Bank’s David Watson, change leads to opportunity, and there’s no harm in taking it slow
With the first wave of T2S underway, Demi Derem of Broadridge discusses strategies to build competitive advantage in a global marketplace
SWIFT’s Innotribe Start-up Challenge is giving entrepreneurs the chance to spread their wings. Peter Ware discusses the rise of the ‘fintech’ start-up and why innovation is a collaborative exercise
Italy may be a little late to the party, but now it’s up and running on the T2S platform, Monte Titoli is bringing the va-va-voom. CEO Mauro Dognini explains
Paul Roberts of IFDS anticipates that the continuing effects of regulation and requirements for continual investment may see further contraction in the number of providers within the industry
Financial services is moving towards standardisation for cost efficiency and control, but Actuare’s Charles Kilkenny isn’t sure it’s the right way to go given the nuances that exist
In the regulatory tempest, the world of funds is still host to goodly creatures. Karl McEneff says SuMi TRUST has the strength to see managers through
Regulation, particularly the EU’s Alternative Investment Fund Managers Directive, has to be more proportionate, says Confluence’s Nicola Le Brocq
‘The cloud’ is becoming more and more prevalent in financial services, but many still see it as just a lot of fluff. There is a silver lining, says Neil Smyth of StatPro, as long as the tech is utilised properly
Bringing complex packaged documents in to layman’s terms, PRIIPs—and the KID that comes with it—could be a perfect accompaniment to the platter of regulation. Mario Mantrisi of KNEIP explains more
This new landscape of regulatory risk is a dangerous terrain, says Henry Raschen of HSBC Securities Services. How should it be navigated
Fixing payment systems is tough, but the work needs to be done in the UK, says Guy Warren of ITRS, if banks are going to process transactions more quickly
The first wave of T2S is heading straight for us, and when it breaks on 22 June, SIX Securities Services will be riding it in style. Avi Ghosh explains why
Fiona Hamilton explains the thought process behind new VolPay Foundation
In the wake of February’s billion-dollar cyber-heist, Kris McConkey and Vincent Villers of PricewaterhouseCoopers highlight how firms can protect themselves from a modern menace and keep their relationships intact
SWIFT’s IM survey revealed that asset managers are concerned about KYC sanctions, regulations and mitigating risk, but firms can work together to adapt to the new world, says Olivier Lens
As it welcomes new acquisition, Legis, Orangefield is perfectly placed to advise clients on the National Private Placement scheme, says Patricia White
Temenos Group is buing fund administration software provider Multifonds for €235 million. Keith Hale reveals what it will mean for clients
Deadlines are in the nature of any business. Mike Megaw and Tom Kirkpatrick of SS&C GlobeOp reveal how they help fund mangers deal with theirs
Single reconciliations solutions can help organisations to better control the back office and lead to greater efficiency, says SmartStream’s Tim Martin
Where does T2S stand on corporate actions processing? Frédéric Beck of BNP Paribas gives his take on the standards set so far
Regulations have led to improvements in the industry, but we must be wary of where to stop, says Dermot Mockler of TMF Custom House
IntelliMatch Operational Control is taking reconciliations to a new level. Paul Clapis and Jennifer Hanes of SunGard explain their evolutionary product
Bill Blythe explains why his company’s reconciliation solution, Gresham CTC, has left legacy vendors behind in the race to meet clients’ needs
Even large banks need just one team responsible for all of their reconciliation requirements, says Darryl Twiggs, executive vice president at SmartStream
Russian’s central securities depository is leading the charge for corporate actions reform, as Maria Krasnova explains
The French bank’s head of clearing, settlement and custody product, Philippe Ruault, tackles Target2-Securities and its next stages
Speaking at the SLIB Counterparty Risk Roundtable, Kazimierz Sycz argues that worries over CCPs are, for the most part, overstated
Stephanie Colaric of Bank of America Merrill Lynch explains how custodians are responding to the current environment, and asks whether now is a good time to explore new markets
Since starting in 2007, Calastone’s market reach has grown from the UK, to Europe and beyond. Ken Tregidgo and Jonathon Willis explain the aim for automation
Gibraltar will soon get its own stock exchange, as Nick Cowan explains
The next 12 months will see financial institutions tackle a medley of regulations. Marko Niederheide of Deutsche Bank explains how preparations are going
Strate’s Monica Singer explains how South Africa is meeting collateral requirements while being under pressure from local regulators
Guido Wille and Karla Amend discuss Clearstream’s latest study into T2S and what harmonisation will mean for CSDs
Financial firms and corporations are being challenged to find new ways to manage risk. At the same time, cutting costs remains a priority. Patricia Rosch of Broadridge explains the innovative new strategies for a new world
Cian Burke of HSBC discusses the opening of China’s doors to its capital market through the Shanghai-Hong Kong Stock Connect initiative
Shane Kuros of CIBC Mellon discusses what sets Canada apart from the US
There is much to be gained by integrating custody, issuing and paying agency, and escrow services within treasury. Joanne Gill of Bank of America Merrill Lynch looks at having these disciplines as part of an integrated service platform
A quarter of a century in the making, the hard work is still paying off for Dublin as a UCITS hub. Pat Lardner, CEO of the IFIA, explains why
Securing the right balance of oversight is an important challenge for fund managers today, says Milestone Group’s Paul Roberts
SmartStream’s Darryl Twiggs explains how single stack technology for asset classes will boost a bank’s trading capabilities and lower its costs
With the AIFMD deadline passing in July, Multifonds’s Keith Hale discusses why the directive is the way forward for alternative investment funds
SS&C Technologies has introduced a new REIT service, an attractive asset class for investors, says Tim Reilly
Sébastien Danloy of RBC Investor & Treasury Services gives the low-down on the latest version of UCITS
Tony Klim of Bravura Solutions talks platform and transfer agency trends and reflects on the success of the company’s Sonata next-generation administration platform and what makes it different
A slim and efficient production environment exists where clients can gain maximum synergies by using Raiffeisen Bank International as a provider in a multi-market environment, says Attila Szalay-Berzeviczy
Stephanie Colaric of BofA Merrill Lynch demystifies the ever changing landscape of custody banking and explains some of the imminent obstacles
With the shockwaves of 2008 still reverberating, many providers are tailoring their solutions to help clients maximise liquidity, according to product manager for SmartStream Technologies, Nick Noble
A increasing number of alternative funds are being launched after a period of decline, notes Roman Lewszyk of Atlantic Fund Services
Arun Aggarwal previews what we can expect at this year’s SWIFT Business Forum
Calastone’s Sebastien Chaker discusses how providing high STP levels in a short timeframe has resulted in the firm’s strong growth trajectory in Asia
The UK investment industry is facing a proliferation of share classes as fund managers launch clean and super clean share classes across platforms, says Bravura’s Andy Chesterton
David Young, president of Gemini Hedge Fund Services, explains the thinking behind distributing the administrator’s services on a more broad base
Calastone’s managing director in Australia, Shannon Sweeney, says she is committed to working with the funds industry to help remove the fax from common usage. AST finds out more
AST asks the president and CEO of Polish central infrastructure, Dr Iwona Sroka, how KDPW is getting ready to tackle EMIR head-on.
Deborah Thompson, global head of direct securities services sales for Deutsche Bank, breaks down the definition of the global custodian for AST
Local Czech bank CSOB tells AST how the entry of new players into the Central and Eastern European region has made it up its game
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Omgeo’s product manager Bill Meenaghan explains why he sees a significant opportunity for the industry to adopt automated solutions to improve the quality and accuracy of settlement instruction data
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AST explores the move into middle office outsourced services with Denis Orrock, the CEO of GBST Capital Markets
Mike Cowley of Deutsche explains the bank’s footprint in the Middle East, as well as updating AST on its 2008 decision to bring client assets in-house
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Drew Douglas of HSBC Securities Services talks to AST about the dangers of offering ‘cloud technology’, as well as the bank’s reasoning for its recent structural consolidation
Managers are moving away from the traditional long/short equity model to more opportunistic and exotic strategies, says Custom House Fund Services
Alan Naughton of Standard Chartered tells AST how the bank is moving beyond its primary perception as a sub-custodian
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AST talks to Standard Chartered’s Hari Chaitanya, regional head of investors and intermediaries in Africa, about evolving frontier markets
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After nearly a decade at Citi Hedge Fund Services, Sethu Bijumalla tells AST about the founding of his new firm, Smonik Investment Systems
Deutsche Bank’s Andrew Rand tells AST about insight he gleaned from the NeMa conference, as well as his predictions about industry costs
Alan Cameron of BNP Paribas Securities Services tells AST about the impact of T2S
Institutions must follow the liquidity of their collateral on a daily basis. AST finds out more from Isadora Pardo of Linedata
Forget processing—it’s the underlying information from handling trades and corporate actions that hold the greatest value, says John Byrne of Information Mosaic
Keith Hale and Alan Raftery of Multifonds tell AST why their firm’s study is predicting that AIFMD could have a similar global impact to UCITS
AST hears from Maples Fund Services senior vice president Karen Watson and Koger COO Ras Sipko about fund onshoring and administrator growth
Experts from Smartstream and Information Mosaic tell AST about automation of the election process, and whether too many committees are spoiling the broth
AST talks to Darren Stainrod of the Cayman Islands Fund Administrators Association about directorships and how AIFMD will affect the islands
Transfer agents are on the hunt for robust IT solutions for real time data distribution, according to Koger COO Ras Sipko. AST finds out more
Automation can cancel out the fallibility of people, says Neil Richards of Bravura
AST talks to Herwig Temmerman, Michel Kayembe and Josée-Lynda Denis of Kurt Salmon about geographic trends of fund vehicle distribution
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Keith Hale of Multifonds assesses AIFMD as a driver for attracting new alternatives business to Europe
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Luxembourg is gearing up for AIFMD, which could become the new UCITS, as AST finds out from Georges Bock of KPMG
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Simon Shepherd of MYRIAD Group Technologies has strong views on due diligence in Asia, as well as why standardisation is something of a double-edged sword for technology. AST hears him out
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AST talks to Thomas Zeeb of SIX Securities Services about the ‘collateral shortfall’, risky CCPs and why repackaging is not the answer
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AST talks to John Pfuhler and Stephen Inocencio of Fiserv about the company’s investment services products, reconciliation and asset management trends
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AST talks to Colin Brooks of HSBC about streamlining, sub-custody and why unbundling is not the be-all and end-all
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AST talks to Marek Zacal of Czech Republic bank CSOB about the country’s capital markets, the new Russian CSD, and whether a local brand name can stand up to the big players in CEE countries
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AST talks to Jonas Modigh of Handelsbanken about the importance of risk and T2S
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Since FATCA’s introduction, there has been a slew of predictions on how the financial services industry will adapt. AST talks to Colin Camp of Dion, who explains that things are not as bad as they might appear
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AST speaks to Philip Dempsey of software solutions company Koger about replicating a business model, transfer agency systems and growing diversity in complex legal structures
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AST catches up with Nathan Travell of Milestone Group to discuss career highlights, pControl and the US market
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It has been a busy month for Société Générale, with its securities services division winning four transfer agency mandates in as many weeks. Its Italian division signed three agreements: AllianceBernstein Sicav and AllianceBernstein FCP, Aberdeen Global and Aberdeen Global II funds, and Mantex Sicav, a Luxembourg-registered open-ended collective investment fund.
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As Asian unlisted fund assets swell, custodians are thinking hard about balancing low costs with top-notch service. Phil Cook of Milestone Group gives AST the lowdown
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AST talks to Robin Kneale and Robert Harris of Broadridge about their attitude to the post-trade space, and the silver lining to regulation
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AST talks to Bernard Tardy and Patrick Ciaravino of SLIB, who see a challenging European post-trade landscape
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AST talks to Justin Nadler of HedgeServ about the investor’s best line of defence, and why the factory model just won’t cut it
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AST talks to Viraj Kulkarni of BNP Paribas about his path through custody, from India to Switzerland and back
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AST talks to Geoff Harries and Chris Lord of DST Global Solutions about their asset servicing platform HiPortfolio, as well as wider concerns in the industry
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AST talks to Jeffrey Holland of Brown Brothers Harriman about how he sees the future of custody after more than two decades in the business
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AST talks to Lisa Martensson of HSBC Securities Services about fund administration in Ireland and further afield
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AST talks to Nick Solt of Moore Stephens Fund Administration about what Jersey has to offer in a stormy marketplace
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AST talks to Alistair Almeida of CIBC Mellon about what’s happening in Canada’s asset servicing industry
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Asset Servicing Times discuss a partnership with SWIFT, and ISO 20022 with DTCC’s Dan Thieke
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Calastone’s Luxembourg head explains the issues and solution surrounding automated messaging within the fund distribution market
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Following his move from ALFI to KPMG, AST speaks to Charles Muller about his new role
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Bravura’s Group CEO speaks to AST about how the transfer agency industry is developing
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Bill Hunt talks about his decision to join the Multifonds board and some of the global trends he thinks spell out opportunity for software providers
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CCP interoperability continues to make somewhat uneven progress across Europe. At the Global Custody Forum,Tomas Kindler, head of clearing relations at SIX Securities Services, presented on the status of interoperability in the cash equities space. AST catches up with him on the sidelines of the conference
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Brian Leddy, managing director at BNY Mellon Asset Servicing, discusses the SWF space.
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DST Global Solutions’ global head of asset servicing speaks to AST about recent developments in the asset servicing market and how providers need to evolve
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HSBC’s head of client management in Asia Pacific talks to AST about how the market has weathered the global financial crisis, forthcoming regulatory changes and opportunities in the region
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Following the implementation of Paladyne’s ClientLink platform, Butterfield Fulcrum’s COO and president explains how his firm will be be able to expand its offering beyond the back office
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Mercator Fund Services’ MD speaks to AST about how the island has developed during the downturn and the changing role administrators are playing
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Santander’s vice president of securities and clearing talks to AST about the custody market in Mexico and what he sees coming down the pipeline
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CIBC Mellon’s marketing head talks to AST about client expectations in a challenging marketplace
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AST speaks to the CEO of SIX Securities Services about his views on the market and his plans for the business
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Ulf Noren, global head of sub-custody at SEB, talks to AST about the introduction of CCPs within the Nordic market
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Tom Davis, CEO at Meridian Global Fund Services, talks to Asset Servicing Times about how the fund administration industry has changed
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With a reorganisation and a rebrand, Maples Fund Services is ready to support clients through the challenges of the next phase of the economic cycle.
News archive
Asset Servicing Times
SLI goes live on Calastone’s settlement service
23 November 2017 | London | Reporter: Jenna Lomax
Standard Life was added to the solution following its £11 billion merger with Aberdeen Asset Management, which was completed in March this year
BNP Paribas hires new Hong Kong head
23 November 2017 | Hong Kong | Reporter: Jenna Lomax
Kasparian will be responsible for developing relationships with new and existing clients, as well as delivering best-in-class operations and services
Monyx selects RBC I&TS to manage SICAV umbrella
23 November 2017 | Luxembourg | Reporter: Jenna Lomax
RBC I&TS will provide custody, fund administration, transfer agency, securities lending and foreign exchange services to Monyx
Societe Generale boosts ESG reporting
22 November 2017 | Paris | Reporter: Jenna Lomax
The new solution allows institutional investors and asset managers to rate their investments against ESG indicators
Tobam launches bitcoin mutual fund
22 November 2017 | Paris | Reporter: Jenna Lomax
The fund will allow investors access to cryptocurrency to benefit from Tobam’s research and IT systems to track the value of investing in bitcoin
Strate adopts Nasdaq blockchain solution for voting
22 November 2017 | Stockholm | Reporter: Becky Butcher
Nasdaq is set to provide its blockchain electronic voting solution to South African Central Securities Depository (CSD) Strate
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
SSGA hires Nordic head of SPDR ETFs
21 November 2017 | London | Reporter: Theo Andrew
Based in London, Marcus Miholich will be responsible for evaluating the investment objectives of SSGA’s Nordic client base. He will report to Rory Tobin, global co-head of SPDR ETFs at SSGA
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules
Volante Technologies partners with eVision
21 November 2017 | New York | Reporter: Jenna Lomax
Volante will use eVision on its VolPay Suite, which is designed to accelerate all aspects of payments transformation projects, for Egypt and North Africa
Esprow launches new version of ETP Studio
21 November 2017 | New York | Reporter: Jenna Lomax
Esprow has launched version 3.0 of its ETP Studio for financial information exchange
Citi boosts custody and fund services team
21 November 2017 | London | Reporter: Stephanie Palmer
Fiona Horsewill is set to join Citi as head of product development and strategy for custody and fund services EMEA
HANetf’s ETF platform completes oversubscribed seed funding round
21 Novermber 2017 | London | Reporter: Jenna Lomax
HANetf offers services for US and Asian ETF issuers and traditional asset managers seeking to enter the market in Europe
BNP Paribas wins €2 billion depositary mandate
20 November 2017 | Milan | Reporter: Zsuzsa Szabo
The Italian cooperative bank has appointed BNP Paribas Securities Services to provide depositary banking services for its employees complementary pension fund
RBC I&TS boosts UK client coverage team
20 November 2017 | London | Reporter: Stephanie Palmer
RBC Investor & Treasury Services (I&TS) has appointed Pat Sanderson as head of global client coverage in the UK
Global custody mandate for BNY Mellon
20 November 2017 | London | Reporter: Stephanie Palmer
BNY Mellon has been selected to provide global custody and other services for the open-ended investment company of First State Investments
LEIs offer major cost savings, says OFR
17 November 2017 | Washington DC | Reporter: Drew Nicol
The OFR noted that early academic studies found that cost savings associated with adoption of the LEI approached $1 billion annually
InvestCloud builds on digital platform
17 November 2017 | Los Angeles | Reporter: Stephanie Palmer
Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform
Deutsche Boerse taps UniCredit’s Theodor Weimer as CEO
16 November 2017 | Frankfurt | Reporter: Drew Nicol
Theodor Weimer begins his new role in January, and will take over from Carsten Kengeter, who will leave Deutsche Boerse at the end of 2017
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
Industry consortium creates third-party risk platform
16 November 2016 | London | Reporter: Theo Andrew
TruSight includes American Express, Bank of America, J.P. Morgan Chase and Wells Fargo, and intends to deliver a “comprehensive approach”
Northern Trust AM names new regional COO
16 November 2016 | London | Reporter: Theo Andrew
Northern Trust Asset Management (AM) has promoted Martha Fee to COO for Europe, the Middle East and Africa and the Asia-Pacific region
Vela launches new data hub
15 November 2017 | London | Reporter: Jenna Lomax
The new data hub will provide clients with access to multiple systematic internaliser liquidity price feeds through a single application programming interface
AFME urges integrated post-trading system in EU
15 November 2017 | Brussels | Reporter: Theo Andrew
Responding on the final day of the commission’s public consultation on post trade in the Capital Markets Union, AFME urged for the “swift dismantling of the European Post-Trade Forum barriers”
Asset managers concerned about reliance on manual processes, says Confluence
15 November 2017 | Pittsburgh | Reporter: Jenna Lomax
In a recent Confluence report, 22 percent of asset managers said the reliance on manual processes was the biggest back-office challenge they faced
Credit Suisse bolsters US equities team
15 November 2017 | New York | Reporter: Jenna Lomax
Based in New York, Gerry Milligan will start his role in January 2018 and will report to Anthony Abenante, managing director of global markets
Big changes ahead for BNY Mellon in 2018
14 November 2017 | New York | Reporter: Theo Andrew
BNY Mellon is set to undergo sweeping organisational changes, creating three new units under its investment services segment, and merging its three largest US investment management businesses
Citi pilots new platform for proxy voting
14 November 2017 | London | Reporter: Jenna Lomax
The platform, which is supported by Computershare, will be initially rolled out in the UK for the 2018 proxy season
RBC I&TS bolsters Australia team
14 November 2017 | Sydney | Reporter: Jenna Lomax
David Brown will be based in Sydney, and will be responsible for leading all sales and client coverage activities in Australia
MTS and UnaVista to collaborate for SFTR
13 November 2017 | London | Reporter: Jenna Lomax
The collaboration means that firms trading on MTS’s new global collateral management segment will be able to use UnaVista’s trade repository to trade under SFTR
SIX hires new CEO as it embarks on restructure
13 November 2017 | Zurich | Reporter: Theo Andrew
Dijsselhof will begin his new role in January 2018, replacing Urs Rüegsegger who announced in May 2017 that he would be stepping down
Citi’s Karczewski moves on to HSBC
13 November 2017 | London | Reporter: Stephanie Palmer
Jane Karczewski has left her position as managing director of strategic risk solutions at Citi, and is set to join HSBC as head of global custody
Intertrust names new interim CFO as de Vries departs
10 November 2017 | Amsterdam | Reporter: Theo Andrew
Intertrust has appointed an Hans Turkesteen as its interim CFO, following the resignation of Maarten de Vries after less than a year in the role
Opus partners with Fenergo on KYC
10 November 2017 | New York | Reporter: Jenna Lomax
The two firms will offer integration of risk relevant data into know-your-customer processes
State Street’s Jay Hooley retires as CEO
09 November 2017 | Boston | Reporter: Jenna Lomax
Mike Rogers, president and COO of State Street, is also set to retire, and Ron O’Hanley will take over both the CEO and COO roles
BNP Paribas partners with Janus Henderson
09 November 2017 | Denver | Reporter: Jenna Lomax
This partnership is intended to provide a global platform to support to Janus Henderson’s regulatory and industry issues in order to help the firm grow internationally
LSE teams up with APIR Systems to brings LEIs to Australasia
08 November 2017 | London | Reporter: Drew Nicol
Industry estimates suggest more than 250,000 entities are still without the required LEIs
Association of Canadian Pension Management appoints new board member
08 November 2017 | Toronto | Reporter: Jenna Lomax
Alongside her current role as senior client relationship manager for the Atlantic region of Northern Trust, Andrea Perry will be a member of the board for three years
Another mandate win for Wolters Kluwer
08 November 2017 | Luxembourg | Reporter: Stephanie Palmer
China Everbrite Bank has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe)
SSGA names head of SPDR ETFs for Spain
07 November 2017 | London | Reporter: Theo Andrew
State Street Global Advisors (SSGA) has named Ana Concejero as its new country head of Standard & Poors depositary receipt exchange-traded funds for Spain
Japan earmarks Q2 2019 for T+2 settlement shift
07 November 2017 | Tokyo | Reporter: Drew Nichol
Japan has unveiled a “tentative” timeline for its exchanges’ shift from a T+3 to T+2 settlement cycle, with eye towards Q2 2019
WTW’s AMX chooses InvestCloud to boost asset management platform
07 November 2017 | London | Reporter: Stephanie Palmer
InvestCloud has been selected by Willis Towers Watson’s Asset Management Exchange to provide a digital interface to connect asset owners and management
Ebury exports transaction services offering to Canada
07 November 2017 | Toronto | Reporter: Theo Andrew
The new office is intended to support rising demand for international currency payments and collections, foreign exchange risk management and import finance solutions from Canadian businesses
R3 and SIA push for blockchain ecosystem
07 November 2017 | London | Reporter: Theo Andrew
The partnership will aim to speed up the global development of blockchain through SIAnet’s network of 600 nodes, provided to financial institutions, corporates and public administrations
MiFID II creates “much uncertainty” for EEA members
06 November 2017 | Oslo | Reporter: Jenna Lomax
For EEA members, “much uncertainty” remains regarding ESMA's assessment of the EEA legal basis for MiFID II, according to Norway’s Finanstilsynet
Link Group acquires Capita Asset Services
06 November 2017 | Sydney | Reporter: Jenna Lomax
The acquisition will help the Sydney-based solution provider to expand its European operating platform, as well as its product and regional capabilities
BNP Paribas expands Italian insurance mandate
06 November 2017 | Milan | Reporter: Theo Andrew
The appointment is an expansion of BNP Paribas existing global custody mandate with the Italian insurance firm
CoInvestor chosen for Luxembourg real estate fund
06 November 2017 | Luxembourg | Reporter: Theo Andrew
CoInvestor’s online platform will help streamline access for investors looking to participate in a diverse pool of real estate-backed loans, which have been underwritten by LendInvest
Deutsche Bank gpi service expands to euro payments
06 November 2017 | Frankfurt | Reporter: Stephanie Palmer-Derrien
Deutsche Bank has launched its global payments initiative service for euro payments, promising to process payments between continents within 30 minutes
Trump appoints Powell as new Federal Reserve chair
03 November 2017 | Washington DC | Reporter: Theo Andrew
Jerome Powell will replace current chair Janet Yellen, who took office in February 2014 on a four-year term, ending in February 2018
BNP Paribas goes live on ASX corporate actions service
03 November 2017 | Sydney | Reporter: Stephanie Palmer
The new service offers straight-through delivery of corporate actions announcements, getting information to clients within seconds of the announcements being made
“No greater threat” than cyber, says SIFMA
02 November 2017 | Washington DC | Reporter: Stephanie Palmer-Derrien
Cybercrime poses a serious threat to financial stability, according to Kenneth Bentsen, president and CEO of the Securities Industry and Financial Markets Association
Saxo Capital Markets UK names new CEO
02 November 2017 | London | Reporter: Theo Andrew
Prior to joining SCML, Edwards spent 14 years at ETX Capital, most recently as CEO
BoE raises interest rates, to mixed industry opinion
02 November 2017 | London | Reporter: Stephanie Palmer-Derrien
The Bank of England has increased its interest rates for the first time since 2007, increasing from 0.25 percent to 0.5 percent
SimCorp: MiFID II remains a concern for buy-side firms
01 November 2017 | London | Reporter: Becky Butcher
Some 28 percent of buy-side representatives are still unsure if and how their firm will be affected by MiFID II, just 90 days before the implementation deadline, according to a SimCorp survey
RBC I&TS appointed custodian for Aviva Canada
01 November 2017 | Toronto | Reporter: Jenna Lomax
RBC I&TS will provide custody, foreign exchange and securities lending services for Aviva Canada’s corporate treasury assets
Lombard Risk provides regtech solution to OneSavings
01 November 2017 | London | Reporter: Jenna Lomax
The introduction of the programme at OneSavings Bank will help to streamline regulatory reporting, data management and analytics, according to Lombard Risk
BNP Paribas posts positive Q3 results
31 October 2017 | London | Reporter: Theo Andrew
According to BNP Paribas, this can be partially attributed to the “ramping up of new mandates” and the launch of a triparty collateral management offering
Luxembourg funds hit €4 trillion in AUM
31 October 2017 | Luxembourg | Reporter: Theo Andrew
The figures represent a 7.9 percent increase since the start of the year, a result that has been attributed mainly to an increase it net asset sales
Allfunds develops MiFID II tool suite
31 October 2017 | London | Reporter: Theo Andrew
The fund platform’s offerings now include an share class analysis tool, compliant access to over 54,000 funds and exchange-traded funds, and additional tools enabling clients to add value
State Street appoints new head of global services
30 October 2017 | Chicago | Reporter: Jenna Lomax
State Street has appointed Michelle Grundmann as head of global services for Continental and Southern Europe, effective from February 2018
SEC cements Peter Driscoll as director of OCIE
30 October 2017 | Washington DC | Reporter: Theo Andrew
The US Securities and Exchange Commission has promoted Peter Driscoll to director of the office of compliance inspections and examinations
Clearstream partners with Citi to increase Chinese bond trades
30 October 2017 | London | Reporter: Jenna Lomax
Starting from 20 November, Bond Connect will extend China’s Interbank Bond Market (CIBM) to Clearstream clients throughout the rest of the world via Hong Kong
LCH names new COO
27 October 2017 | New York | Reporter: Jenna Lomax
John Horkan, who will based in New York, will take up the COO role alongside his current responsibilities as head of North America at LCH
SEC grants relief to US brokers on MiFID II
27 October 2017 | New York | Reporter: Theo Andrew
The division of investment management issued three no-action letters, providing 30 months relief, allowing US broker-dealers to receive payments in hard dollars
Northern Trust sees custody earnings increase
27 October 2017 | Chacago | Reporter: Jenna Lomax
The bank's custody and administration earnings have increased by 13 percent, from $299.4 million in Q3 2016 to $338.1 million in Q3 this year
Kengeter steps down as Deutsche Boerse CEO
26 October 2017 | Frankfurt | Reporter: Jenna Lomax
Kengeter, who has been CEO since 2015, has agreed to step down, amid the ongoing investigation into insider trading activity
RBC I&TS picked as custodian for Ireland fund
26 October 2017 | Dublin | Reporter: Jenna Lomax
RBC I&TS will provide custody, fund administration, treasury, collateral management and related UCITS fund services from its operations in Dublin
Euroclear welcomes ICE as new shareholder
26 October 2017 | Brussels | Reporter: Jenna Lomax
Euroclear approved the acquisition of shares equivalent to 4.7 percent of its total shareholdings
DTCC enhances its European GTR for SFTR
25 October 2017 | New York | Reporter: Jenna Lomax
The new bolstered SFTR offering will be a significant addition to the existing reporting capabilities, affecting 45 regulators around the world who have access to GTR data
Solvassure creates first-of-its-kind integrated reg platform
25 October 2017 | London | Reporter: Theo Andrew
The compliance platform addresses demands under the General Data Protection Regulation and the Accountability Regime, to help firms meet next year's regulatory deadlines
RBC bolsters product management team
24 October 2017 | London | Reporter: Jenna Lomax
Geert Pick, who will be based in London, will report to Paul Stillabower, global head of product management
SIFMA elects board for 2018
24 October 2017 | New York | Reporter: Theo Andrew
The Securities Industry and Financial Markets Authority has elected its principal officers for 2018, naming Lisa Kidd Hunt, executive vice president of Charles Schwab & Co, as its chair
Merrill Lynch first to fall foul of UK’s EMIR reporting rules
23 October 2017 | London | Reporter: Drew Nicol
The bank accepted a £34.52 million penalty relating to 68.5 million unreported transactions between February 2014 and February 2016
Wolters Kluwer chosen for risk and reg by Polish bank
23 October 2017 | Warsaw | Reporter: Theo Andrew
Bank BPS will use the OneSumX solutions for static and dynamic projection analysis, liquidity reporting, interest-rate and foreign-exchange risk, as well as value-at-risk analysis
Iberclear bank on Citi to provide global custody
20 October 2017 | Madrid | Reporter: Jenna Lomax
The agreement, signed at this years Sibos conference in Toronto, will enable Spanish clearing houses to settle international securities via local CSDs
Clearstream promises post-Brexit services continuity
20 October 2017 | London | Reporter: Jenna Lomax
Despite the uncertainty that came after the referendum results last year, Clearstream said its main objective through Brexit was to minimise risk of cross-border settlement
AI will be transformative, but is still in early stages
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Artificial intelligence is a “transformational technology” that will improve productivity and security, and provide a competitive advantage, according to a live poll at Sibos 2017
Security and standards key in blockchain solutions
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Distributed ledger technology (DLT) solutions should embed security measures at their very core, especially in the financial services space, according to Sibos panellists
LCH promotes Daniel Maguire to CEO
19 October 2017 | London | Reporter: Jenna Lomax
Maguire, who has been COO of the same department since April this year, was previously senior vice president for commodity exotics and hybrids at J.P. Morgan
Swift harmonises VP Securities network in Denmark
19 October 2017 | Toronto | Reporter: Theo Andrew
The enhancement, set to launch in 2018, means banks will face reduced costs by harmonising the network used to connect with other securities markets across the globe
EU commission lays down the law on MiFID II compliance
19 October 2017 | Brussels | Reporter: Jenna Lomax
As many as 19 infringing member states include Belgium, Malta, France, Greece, Luxembourg, Netherlands, Portugal, Spain and Sweden as facing the commission’s wrath
Margin rules depress derivative contract terms, survey finds
19 October 2017 | Brussels | Reporter: Jenna Lomax
New EU margin requirements are driving less favourable non-price terms and conditions in new or renegotiated over-the-counter derivatives master agreements, according to a EU Commission market survey
SIX successful in migrating clearing payments under ISO 20022
19th October 2017 | Zurich | Reporter: Jenna Lomax
The new Swiss Interbank Clearing (SIC) payment system facilitates the cash-side settlement of securities transactions in real-time
Culture changes required before blockchain
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Blockchain could lead to cost savings in the back office, but cultural change and collaboration is required before it can be fully implemented
Sibos: Data is “the new oil”
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Data is considered more important than money by 57 percent of Sibos attendees responding to a live poll following the Future of Money session
Harnessing data can keep securities secure
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Securities transactions are just as susceptible to cybercrime as payments, and proper use, and protection, of data is key to managing that risk, Sibos attendees have heard
Banks cautiously optimistic about impact of tech
18 October 2017 | Toronto | Reporter: Theo Andrew
According to the BNY Mellon research, Rethinking the Client Payment Experience, security and reliability are viewed as instrumental in creating the ideal payment experience
BNY Mellon and HSBC sign up to Algomi’s Honeycomb
18 October 2018 | New York | Reporter: Jenna Lomax
The collaboration is expected to bolster fixed income market liquidity by giving both BNY Mellon and HSBC clients the ability to make select holdings information available anonymously through the new solution
Broadridge completes blockchain bilateral repo pilot
18 October 2016 | New York | Reporter: Theo Andrew
The pilot, conducted in partnership with Natixis and Societe Generale, utilises distributed ledger technology in order to make complex processes “more secure, transparent and efficient”
Industry torn on which city will replace London as post-Brexit financial hub
17 October 2017 | Toronto | Reporter: Stephanie Palmer
Frankfurt is set to displace London as a global financial centre after Brexit, according to an audience poll at Sibos 2017, however the session’s panellists were not convinced by the results
Quick response times key to managing reputational risk
17 October 2017 | Toronto | Reporter: Stephanie Palmer-Derrien
Reputational risk should be taken as seriously as any other type of risk, and measured, organisation-wide, and well-planned responses are key to minimising it, heard panel attendees at Sibos 2017
NEX partners with Baton Systems
17 October 2017 | London | Reporter: Jenna Lomax
The agreement means Baton Systems will be the first third party to provide its clients with services through NEX’s Infinity solution
HSBC expands EFGAM relationship
17 October 2017 | Luxembourg | Reporter: Theo Andrew
EFGAM assumed management of the BSI public funds, including the New Capital Fund Lux, after its parent company EFG International purchased BSI in November 2016
Sibos sees strides taken in data management
16 October 2017 | Toronto | Reporter: Stephanie Palmer-Derrien
There are changes coming about in the asset servicing industry, and “it’s all about data”, according to Steven Wolff, president and CEO of CIBC Mellon
Sibos: Data set to change the financial services game
16 October 2017 | Toronto | Reporter: Stephanie Palmer-Derrien
Gleaning more value from data will be the key to remaining competitive for financial institutions, according to Dave McKay, opening the first plenary session of Sibos 2017
ABN AMRO Clearing extends partnership with Fidessa
16 October 2017 | London | Reporter: Jenna Lomax
Since June 2016, ABN Amro Clearing has been using XTP after replacing numerous ISV and in-house systems
FCA gives helping hand to new asset managers
16 October 2017 | London | Reporter: Theo Andrew
The hub will assist market entrants when they apply for authorisation by offering pre-application meetings, case officers and access to the new website portal
SmartStream upgrades TLM solutions platform
16 October 2017 | London | Reporter: Theo Andrew
A new feature, TLM View allows customers to access to real-time and historic data in the reconciliation repository in order to identify trends on one single, customisable interface
Nex appoints new CEO
16 October 2016 | London | Reporter: Jenna Lomax
Ken Pigaga, who was previously global COO at the fintech company, will begin his new role this month, but will remain as a director on the NEX board
Peel Hunt expands Torstone’s Inferno into US business
13 October 2017 | London | Reporter: Theo Andrew
According to Peel Hunt, the agreement with Torstone will give the firm more flexibility to develop its US business
Accuity integrates financial crime solution with DLT platform
13 October 2017 | London | Reporter: Theo Andrew
Accuity, working closely with R3, has developed a solution that enables financial crime screening of customers and transactions on Corda
SWIFT blockchain testing shows progress
13 October 2017 | Brussels | Reporter: Theo Andrew
Challenges remain in the development of unique value propositions and integration with legacy back-office applications
Scorpeo reveals new TCA application
12 October 2017 | London | Reporter: Barney Dixon
Scorpeo has launched its new TCA application that will help investment managers identify missed value in their portfolios
Orange and BASF select BNY Mellon as depositary bank
12 October 2017 | New York | Reporter: Becky Butcher
BNY Mellon has been appointed as successor depositary bank by both BASF, a German-based chemical company and Orange, the telecommunications company, for their American depositary receipt programmes
Vaultier 7 chooses Intertrust as its fund administrator
12 October 2017 | London | Reporter: Jenna Lomax
Intertrust will provide V7 with fund administration, reporting and regulatory services
SEDCO Capital launches ethical investment platform
11 October 2017 | Jeddah | Reporter: Theo Andrew
The strategy, which officially launched in August, integrates a Shariah-compliant investment approach with ethical investment, stressing the importance of due diligence and using environmental, social and governance criteria
Northern Trust names new leader for Netherlands
11 October 2017 | Amsterdam | Reporter: Jenna Lomax
Herman Prummel, who will be based in the Amsterdam office, will be responsible for business development, sales and client activities for Northern Trust’s asset servicing business
KAS Bank seeking to innovate UK pensions market
10 October 2017 | London | Reporter: Theo Andrew
The plans are revealed two months after KAS Bank launched its cost transparency dashboard for defined-benefit pension schemes, intended to address the rising costs of regulatory scrutiny
MuniFin adopts Acumen treasury platform
10 October 2017 | Helsinki | Reporter: Theo Andrew
The Helsinki-based MuniFin is “successfully utilising” the platform to manage deal capture, pricing, middle office, reporting, collateral management, back office and risk management processes
European banks line up for real-time payments launch
10 October 2017 | Paris | Reporter: Theo Andrew
The first group of users are currently testing the platform’s connectivity, as it prepares for a “real-time payments ramp-up in Europe”, with banks including BBVA, CaxiaBank and UniCredit, a company statement said
Deutsche Borse expands data feeds with CEF ultra+
09 October 2017 | Frankfurt | Reporter: Jenna Lomax
Deutsche Borse has released CEF ultra+ Irish Stock Exchange Order by Order, a data feed that offers pre-trade and trade information
KNEIP strengthens leadership team for digital offering
09 October 2017 | London | Reporter: Theo Andrew
Patrick Hilt has been named as senior vice president for technology, while Lauri Paal will take on the role of chief product officer
APIs will enable future of financial services
09 October 2017 | Paris | Reporter: Theo Andrew
The report, which discussed how APIs affect the financial services industry, SGSS said it is imperative that each financial institution builds an API Framework
Eurex Clearing launches partnership programme
09 October 2017 | Frankfurt | Reporter: Theo Andrew
The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market
Brickblock appoints three advisors ahead of ICO
06 October 2017 | Gibraltar | Reporter: Theo Andrew
Holger Schlünzen, an exchange-traded funds analyst, Axel von Goldbeck, a real estate and regulatory expert, and Wolfgang Ritcher, a legal and currency specialist, have joined the team
Saxo Bank chooses Torstone in Japan
05 October 2017 | Tokyo | Reporter: Theo Andrew
Saxo Bank Japan will use the system to improve efficiency in post-trade reporting processes
Accuity announces two new leadership appointments
05 October 2017 | London | Reporter: Jenna Lomax
Neela Das appointed to lead the global innovation team, and Ronald Hobbs has been named as director of technology for innovation
BNP Paribas wades into collateral pools with triparty service
05 October 2017 | London | Reporter: Drew Nicol
As a triparty collateral agent, BNP Paribas Securities Services handles its clients’ collateral needs, from net exposure calculation, automatic collateral allocation and substitution, to physical settlement and custody
Swift releases data validation service
05 October 2017 | Barcelona | Reporter: Jenna Lomax
The service assesses the quality of the bank reference data stored in a corporate’s database, which is typically used to facilitate payments
MUFG Investor Services bolsters fund financing team
04 October 2017 | London | Reporter: Jenna Lomax
Ben Griffiths joins as as managing director of global head of fund financing, and will be based in London
Todd Moyer promoted to COO of Confluence
04 October 2017 | Pittsburgh | Reporter: Theo Andrew
Previously executive vice president of global business development, Moyer will now lead Confluence’s operations, providing global direction, and will head up the sales, account management and marketing activities
SIX launches Swiss derivatives trade repository service
03 October 2017 | Zurich | Reporter: Theo Andrew
The service comes in response to strong demand in the market, and allows large Swiss financial counterparties to report transactions under FMIA before the compliance deadline
RBC tops R&M fund admin survey
03 October 2017 | London | Reporter: Theo Andrew
The R&M Investor Services survey asked asset managers and other financial services clients to score their fund accounting and administration providers out of seven
Broadridge acquires Summit Financial Disclosure
03 October 2017 | New York | Reporter: Jenna Lomax
The acquisition will see Summit’s document programme and regulatory filing services integrate with Broadridge’s communications services
KDPW files for CDSR authorisation in Poland
03 October 2017 | Warsaw | Reporter: Theo Andrew
According to KDPW, the group will aim to service the Polish market, meaning market participants will not need use foreign post-trade service providers
Northern Trust strengthens fund services in Luxembourg and Switzerland
02 October 2017 | London | Reporter: Theo Andrew
The deal, first announced in February, positions the wealth management provider as the leading administrator in Switzerland, in terms of assets, and as a top 10 asset servicing provider in Luxembourg
Calastone appoints new managing director
02 October 2017 | London | Reporter: Jenna Lomax
Henning Swabey will manage Calastone’s sales teams across Europe, and will be responsible for defining and implementing the European business development strategy
Analizo launches algorithm-as-a-service solution
02 September 2017 | Brussels | Reporter: Jenna Lomax
Analizo reports that nine out of 10 actively managed funds in Europe are currently missing their benchmarks, and claims that the new solution will improve this statistic
UCITS equity funds at highest level since 2015, according to EFAMA
29 September 2017 | Brussels | Reporter: Jenna Lomax
EFAMA’s survey included 29 associations representing more than 99 percent of European UCITS and AIF assets
BNY Mellon and Hazeltree team up
28 September 2017 | New York | Reporter: Jenna Lomax
Through the solution, clients will be able to access BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s treasury management technology
FundRock acquires Fund Partners
28 September 2017 | Luxembourg | Reporter: Jenna Lomax
The deal, which was first announced in January, concluded this week, following regulatory approval from the Commission de Surveillance du Secteur Financier in Luxembourg and the UK’s Financial Conduct Authority
SEB and Nasdaq pair up on blockchain prototype for Swedish mutual funds
27 September 2017 | Stockholm | Reporter: Theo Andrew
The project seeks to improve efficiency in the sales of funds, and to create “a faster, simpler, more effective and reliable fund market”, replacing manual routines and paper-driven processes
BNY Mellon completes Man AHL migration
27 September 2017 | New York | Reporter: Theo Andrew
Man AHL selected BNY Mellon on its ability to handle its multi-jurisdictional requirements, high trading volumes and large base of investors
Euroclear announces release date for Infinity update
27 September 2017 | Helsinki | Reporter: Jenna Lomax
The announcement of the target launch date was made at the Finnish Market Advisory Committee (MAC) meeting on 26 September
BNP Paribas wins Brazilian custody mandate
26 September 2017 | New York | Reporter: Theo Andrew
Mizuho Trust & Banking has selected BNP Paribas Securities Services as its sub-custodian and settlement agent in Brazil
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
SIX: Speedy settlement key in collateral management
21 September 2017 | London | Reporter: Stephanie Palmer
Real-time settlement is the most important consideration when choosing a new collateral management provider, according to research from SIX Securities Services
FCA takes pragmatic approach to MiFID II deadline
21 September 2017 | London | Reporter: Drew Nicol
The UK’s financial conduct authority has indicated it will accept a soft roll out of the second Markets in Financial Instruments Directive in January
Trade Informatics releases Peer Analysis tool
20 September 2017 | New York | Reporter: Jenna Lomax
The new addition will provide asset managers with tools to analyse how they compete with other money managers
BNP Paribas becomes first French OTC Clearing member
20 September 2017 | Hong Kong | Reporter: Barney Dixon
BNP Paribas has joined OTC Clearing Hong Kong, as the clearinghouse’s 17th member, and the first from France
LRI Group adds to real assets team
20 September 2017 | Luxembourg City | Reporter: Jenna Lomax
Dittrich will be responsible for acquiring new clients specifically focused on real estate, private equity and infrastructure projects
Ten-year T2S saga comes to an end
19 September 2017 | Brussels | Reporter: Stephanie Palmer
The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
PwC promotes into leadership roles
19 September 2017 | London | Reporter: Theo Andrew
Elizabeth Stone will be responsible for working with asset and wealth management clients across audit, tax, advisory, deals and legal services across the UK
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Sanne backed as fund administrator by Central Bank of Ireland
18 September 2017 | Dublin | Reporter: Theo Andrew
Under Section 10 of the Investment Intermediaries Act, Sanne will now be able to provide services to Irish authorised collective investment schemes and alternative investment managers
New COO joins Calastone
18 September 2017 | London | Reporter: Theo Andrew
Stephen Mohan joins from DST Systems, formerly IFDS, where he was most recently executive director of transformation and innovation
UCITS funds enjoy assets boom in Q2
18 September 2017 | Brussels | Reporter: Jenna Lomax
The latest growth figures represent the highest level of net sales recorded since Q1 2015
Blockchain fund recording platform launches
15 September 2017 | London | Reporter: Theo Andrew
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The Bunker digs in with fintech Sandbox service
15 September 2017 | London | Reporter: Theo Andrew
Sandbox will offer a “secure, flexible, online space” for entrepreneurs to develop and demonstrate products
Euroclear bags Eliet for regulatory compliance
14 September 2017 | Brussels | Reporter: Drew Nicol
Eliet joins from the French Stock Market Authority, the Autorité des marchés financiers (AMF), where he was the deputy general secretary, heading the regulation policy and international affairs division
Broadridge promotes Santangelo to president of EMEA and APAC sales
14 September 2017 | London | Reporter: Jenna Lomax
Santangelo responsibilities will now include global sales management, business development and strategic client initiatives
Smartkarma to provide research through NYFIX Portal
13 September 2017 | Singapore | Reporter: Stephanie Palmer
Asian investment research provider Smartkarma has paired up with Ullink to make its cloud-based platform available through the NYFIX Portal
Broadridge welcomes Paul Wilson as account manager
13 September 2017 | London | Reporter: Drew Nicol
Sharegain’s Paul Wilson has changed tack to take on a role as senior account manager at Broadridge Financial Solutions
Deutsche Bank’s Ying-Ying Tan snapped up by Standard Chartered
12 September 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Ying-Ying Tan as head of securities services for the ASEAN and South Asia region
SEC praises “smooth” T+2 transition
12 September 2017 | Washington DC | Reporter: Stephanie Palmer
SEC chair Jay Clayton said the move on 5 September “represents a significant accomplishment” for the industry
Hook to expand MUFG relationships team
12 September 2017 | New York | Reporter: Stephanie Palmer
MUFG Investor Services has appointed Danny Hook as an executive director of relationship management
RBC and IHS Market collaborate on MiFID II research payment solution
12 September 2017 | London | Reporter: Jenna Lomax
Research payments will be administered from RBC-maintained accounts, using IHS Markit’s RPA Manager, at the discretion of each individual firm
J.P. Morgan rejig continues with new custody chief
11 September 2017 | London | Reporter: Drew Nicol
J.P. Morgan is continuing its shake up with appointment of Richard Gordon to the newly-created role of global head of custody and fund services operations
Bricknode launches new funding solution
11 September 2017 | Skövde | Reporter: Jenna Lomax
The solution, based on the Bricknode Financial Systems platform, is a cloud-based tool designed to help fund companies manage their funds, holdings, and investors
Sanne bolsters EMEA private equity team
11 September 2017 | Jersey | Reporter: Jenna Lomax
Morris will be based in Sanne’s Jersey office and will be responsible for management and delivery of the firm’s EMEA private equity business, with a focus on developing new business initiatives
Eurex to offer MiFID II simulations ahead of January deadline
08 September 2017 | Frankfurt | Reporter: Drew Nicol
Eurex is set to offer its clients access to a simulation trading environment later this month ahead of the MiFID II January deadline
Gestar acquires ESG solution provider ISS
08 September 2017 | New York | Reporter: Stephanie Palmer
Genstar Capital is to acquire Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions, from Vestar Capital Partners
Wedbush Securities bolsters fixed income financing team
08 September 2017 | New York | Reporter: Jenna Lomax
Barry and Slovak will report to managing director Scott Skyrm and will both be based in New York
BNY Mellon wins mandate from sustainable investment specialist Arabesque
07 Seotember 2017 | New York | Reporter: Stephanie Palmer
Asset management firm Arabesque has selected BNY Mellon and FundVantage Trust to support the distribution of its new Arabesque Systematic USA Fund
Citi and Deutsche Bank execute first SwapAgent trades
07 September 2017 | London | Reporter: Jenna Lomax
LCH’s new SwapAgent service has completed its first trades, facilitating an interest-rate swap and an inflation swap between Citi and Deutsche Bank
Ulf Noren takes on new global custody role
07 September 2017 | Oslo | Reporter: Stephanie Palmer
SEB’s Ulf Noren has taken on a new sales role at the bank, focusing on the global custody business line in Norway
AxiomSL expands European presence
07 September 2017 | London | Reporter: Stephanie Palmer
AxiomSL has opened new offices in Paris, Madrid and Frankfurt, in a bid to strengthen support for clients in those respective countries
Citi brings in Jason Massey for futures, clearing and collateral
06 September 2017 | London | Reporter: Jenna Lomax
Citi has appointed Jason Massey as head of sales for Europe, the Middle East and Africa (EMEA) futures, clearing and collateral
Torstone Technology hires new COO
06 September 2017 | London | Reporter: Jenna Lomax
Torstone Technology has bolstered its leadership team with the appointment of Mack Gill as chief operating officer and member of the board of directors
RBC welcomes Aneet Shah as global head client experience
06 September 2017 | London | Reporter: Drew Nicol
RBC Investor & Treasury Services has recruited Aneet Shah as head of global client experience
North America slims down to T+2
05 September 2017 | New York | Reporter: Drew Nicol
The shorter settlement timeframe also aligns these markets with the EU, which moved to a T+2 settlement cycle in 2014
Nasdaq acquires eVestment for $705 million
05 September 2017 | New York | Reporter: Jenna Lomax
The acquisition is expected to provide positive returns on capital, as well as enhance Nasdaq's Global Information Services business by allowing the stock exchange to broaden its reach into the buy side
World’s pension funds return to form in 2016
05 September 2017 | London | Reporter: Drew Nicol
The world’s largest pension funds increased their assets under management by 6.1 percent in 2016, and are now worth $15.7 trillion, according Willis Towers Watson
SimCorp’s Coric selected again
04 September 2017 | London | Reporter: Jenna Lomax
The mandate is intended to increase operational efficiency and agility across Kempen’s client services teams and to improve client experience
KAS BANK bolsters senior team
04 September 2017 | The Hague | Reporter: Jenna Lomax
Brown will be responsible for building long-term relationships with the service provider’s UK pension fund clients, assisting them in delivering their strategic goals
Linedata hires new innovation director
04 September 2017 | Paris | Reporter: Jenna Lomax
Linedata has appointed Sophie Février as director of innovation, communication and marketing
BCBS: Fintech could spell trouble
04 September 2017 | Basel | Reporter: Jenna Lomax
The consultative document said banks and banking supervisors have a responsibility to maintain the same level of risk management control standards, despite of their increasing reliance on fintech
Front-to-back operational shift is needed, says SimCorp’s Baker
01 September 2017 | London | Reporter: Jenna Lomax
A fundamental front-to-back operational shift is needed to best fulfil investment objectives in an increasingly challenging market, according to Mark Baker, product manager at SimCorp
Reliance Trust Company chooses Northern Trust for investment services
31 August 2017 | Chicago | Reporter: Jenna Lomax
Northern Trust has been chosen by Reliance Trust Company to provide back-office services including custody, fund accounting, and transfer agency for a collective investment trust (CIT) sub-advised by Driehaus Capital Management
Peel Hunt chooses Torstone technology for MiFIR solution
31 August 2017 | London | Reporter: Jenna Lomax
Torstone’s Inferno will assist Peel Hunt in compliance with the expanded scope and detail of transaction reporting required under MiFIR
Pershing’s Jim Crowley promoted to COO
31 August 2017 | Jersey City | Reporter: Stephanie Palmer
BNY Mellon’s Pershing has promoted Jim Crowley to the position of COO, effective immediately
Deutsche Bank brings Strauß onto management board
30 August 2017 | Frankfurt | Reporter: Stephanie Palmer
Postbank chairman Frank Strauß is to join the management board of Deutsche Bank, following the merger of Postbank with Deutsche Bank’s private and commercial clients business
Northern Trust appoints new head of Southeast Asia
30 August 2017 | Singapore | Reporter: Jenna Lomax
Northern Trust has chosen Yen Leng Ong as its new country head of Singapore and head of Southeast Asia
SIX reports strong results for 2017 so far
30 August 2017 | Zurich | Reporter: Stephanie Palmer
The securities services business drove strong results for SIX during the first six months of 2017, recording an operating income of CHF 189.1 million (€165.65 million)
Gen II adds Buckley and opens in Boston
29 August 2017 | Boston | Reporter: Jenna Lomax
Private equity fund administrator Gen II Services has appointed Shaun Buckley as managing director in its new Boston office
Japanese banks adopt DTCC’s Omgeo Alert
29 August 2017 | Tokyo | Reporter: Jenna Lomax
The ALERT Trustee Service connects to GC Direct and will be used by JTSB and MTBJ to store standing settlement instruction (SSI) data related to fund assets for post-trade checks
Deutsche Bank names new APAC securities services head
29 August 2017 | Singapore | Reporter: Jenna Lomax
Deutsche Bank has appointed Anand Rengarajan as head of securities services for the Asia Pacific (APAC) region
SS&C: manual processes still rife in client reporting
29 August 2017 | London | Reporter: Stephanie Palmer
Asset managers consider client reporting important, but a significant number still tackle the issue using manual processes, according to research from SS&C
London Stock Exchange and NEX among new APA providers
25 August 2017 | London | Reporter: Jenna Lomax
The London Stock Exchange Group, NEX Regulatory Reporting, Bloomberg, Tradeweb and Trax are all poised to publish post-trade transparency reports on behalf of clients
Heritage launches AIFM risk management service
25 August 2017 | Guernsey | Reporter: Katherine Brown
Heritage International Fund Managers is launching a new portfolio and risk management service for alternative funds, through its management company solution
Strate CEO steps down after two decades of service
24 August 2017 | Cape Town | Reporter: Jenna Lomax
Strate CEO Monica Singer will leave the South African central securities depository (CSD) at the end of this month after nearly 20 years of service
EU expert group identifies post-trade barriers to CMU
24 August 2017 | Brussels | Reporter: Stephanie Palmer
The European Post-Trade Forum (EPTF) has identified the remaining barriers to efficient and resilient market infrastructures in the EU, and added some new issues to the list
More new mandates for SimCorp
24 August 2017 | Copenhagen | Reporter: Jenna Lomax
Australian-based FIIG Securities and Danish investment company Novo Holdings have both chosen SimCorp’s solution, Dimension, to upgrade their investment platforms
Deutsche Bank’s APAC custody head joins Sanne Group
24 August 2017 | Hong Kong | Reporter: Stephanie Palmer
Alternative fund administrator Sanne Group has appointed Mark Law as managing director of its Asia Pacific and Mauritius business, based in Hong Kong
US equity data made more accessible to UK firms
23 August 2017 | London | Reporter: Stephanie Palmer
Nasdaq is to offer market data on proprietary US equity feeds via the Equinox London International Business Exchange data centre, LD4
IHS Markit launches new solution for MiFID II
23 August 2017 | London | Reporter: Jenna Lomax
IHS Markit has launched a new solution designed to help investment firms comply with RTS 28 reporting requirements under the second Markets in Financial Instruments Directive (MiFID II)
GlobalCollateral and CloudMargin to combine forces on settlement
22 August 2017 | London | Reporter: Stephanie Palmer
CloudMargin has entered into an agreement with DTCC-Euroclear GlobalCollateral to connect with its Margin Transit Utility
R3 pairs with Synechron on DLT KYC solution
22 August 2017 | New York | Reporter: Stephanie Palmer
Financial services consultant and technology provider Synechron is collaborating with R3 to build a solution for know-your-client processes using distributed ledger technology
Ogier boosts their firm’s partnership
22 August 2017 | George Town | Reporter: Jenna Lomax
Huckle and Dryden were both previously part of the Cayman investment funds team and will take the firm’s global partnership to 54
ISDA: Transition period essential for post-Brexit derivatives trading
21 August 2017 | New York | Reporter: Stephanie Palmer
The International Swaps and Derivatives Association has urged UK and EU regulators to implement transitional provisions for derivatives trading after Brexit
SimCorp sees extension of Danish mandate
21 August 2017 | Copenhagen | Reporter: Stephanie Palmer
Danish asset manager C WorldWide Asset Management Fondsmæglerselskab has extended its SimCorp Dimension licence agreement to include the Data Warehouse Manager and the SimCorp Coric client communications tool
Liquidnet expands its EMEA team
18 August 2017 | London | Reporter: Jenna Lomax
Strobel will report to Bob Garrett, who is head of technology and based in the New York office
TPAs and managers looking to outsource fintech
18 August 2017 | London | Reporter: Jenna Lomax
Global third-party administrators and asset managers are looking to outsource financial technology at an increasing rate, according to Domenic Ionadi, strategic account manager at Confluence
Boeing and JCP name Northern Trust as global custodian
17 August 2017 | Chicago | Reporter: Jenna Lomax
The Boeing Company has mandated Northern Trust to act as global custodian for its €54 billion defined contribution retirement plan
Whitebox Advisors chooses Broadridge suite solution
17 August 2017 | New York | Reporter: Jenna Lomax
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation
Allfunds to open office in the Nordics
16 August 2017 | London | Reporter: Jenna Lomax
Fund distribution platform Allfunds plans to open a local office in the Nordic region as it pushes ahead with growth plans across Northern Europe
Brian Quintenz takes up role at CFTC
16 August 2017 | Washington DC | Reporter: Mark Dugdale
Brian Quintenz was sworn in as a commissioner of the US Commodity Futures Trading Commission yesterday
LCH launches new SwapClear client account
15 August 2017 | London | Reporter: Drew Nicol
Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title
SWIFT to provide gateway for US real-time payments
15 August 2017 | New York | Reporter: Jenna Lomax
US banks will have the opportunity to use a single platform, Alliance Messaging Hub (AMH), for making real-time payments through TCH
CFTC extends position limit relief to two years
14 August 2017 | Washington DC | Reporter: Mark Dugdale
The CFTC will not enforce certain position aggregation requirements until 12 August 2019
First MiFID II position limits are set
14 August 2017 | Brussels | Reporter: Mark Dugdale
Proposed position limits on rapeseed, corn and milling wheat set in France are consistent with the objectives established in MiFID II
NEX launches solution to deal with EMIR changes
11 August 2017 | London | Reporter: Jenna Lomax
NEX Group has launched a solution that enables compliance with revisions to the European Market Infrastructure Regulation
OneVue hires new COO
10 August 2017 | Melbourne | Reporter: Jenna Lomax
Linnegan will lead the fund services operations team from the company’s Melbourne office
Nasdaq blockchain to roll out at SIX Swiss Exchange
10 August 2017 | Zurich | Reporter: Jenna Lomax
As a minimum viable product, the solution will be integrated with several other systems currently managed by SIX Swiss Exchange
TriOptima COO to depart
09 August 2017 | New York | Reporter: Mark Dugdale
TriOptima COO Mireille Dyrberg is leaving her role in September
LCH and Euronext secures 10-year deal on MiFID II derivatives
09 August 2017 | Paris | Reporter: Jenna Lomax
The deal allows for clearing services for listed financial and commodity derivatives for the next 10 years
Nordea opts for Commcise investment management solution
08 August 2017 | Copenhagen | Reporter: Jenna Lomax
Nordea, which has more than €191 billion in assets under management, chose Commcise’s software for its end-to-end commission management capability
Northern Trust Universe reports pension plan investment gains
08 August 2017 | Chicago | Reporter: Jenna Lomax
This marked the seventh consecutive quarter of positive investment performance
RBC I&TS strengthens regulatory team
08 August 2017 | London | Reporter: Jenna Lomax
Phillis will lead the governance and regulatory solutions team from RBC I&TS’s London office
Linedata extends its outsourcing business into Asia
07 August 2017 | Hong Kong | Reporter: Jenna Lomax
The acquisition of the 30-strong Hong Kong-based risk management and operations outsourcing firm is intended to expand Linedata’s presence across Asia
CACEIS reports assets under custody increase
07 August 2017 | Paris | Reporter: Jenna Lomax
French asset servicing firm CACEIS has reported that its assets under custody increased by 13.7 percent in Q2 2017
NEX Group sees European repo boost
04 August 2017 | London | Reporter: Jenna Lomax
European repo grew from €169.4 billion in July 2016 to €228 billion at the end of July 2017
Investment management director leaves SEC
04 August 2017 | Washington DC | Reporter: Jenna Lomax
The SEC did not disclose David Grim's next destination or if his replacement has been found
TMF Group buys PERE administrator
04 August 2017 | St Peter Port | Reporter: Mark Dugdale
TMF Group has acquired Gentoo Holdings, a provider of fund administration services based in Guernsey and Luxembourg, for an undisclosed sum.
Euroclear Bank brings in Stéphane Bernard as CEO in Poland
04 August 2017 | Krakow | Reporter: Jenna Lomax
Based in Krakow, Bernard will report to Valerie Urbain, CEO of Euroclear Bank
Asset allocations in private equity and real estate increased in early 2017, according to Matt Davey, head of business solutions at Societe Generale Securities Services
Eurex Clearing calls default drill a success
03 August 2017 | London | Reporter: Jenna Lomax
Eurex Clearing successfully simulated the failure of a major clearing participant in a global fire drill in April, the clearinghouse has revealed
NES Financial appoints Michael Richards
03 August 2017 | California | Reporter: Jenna Lomax
According to the financial technology company, his appointment is a move to strengthen its private equity division
European cities eye European Banking Authority
02 August 2017 | Brussels | Reporter: Mark Dugdale
The European Council has received eight applications from cities vying to host the European Banking Authority once the UK leaves the EU
AcadiaSoft launches new consultancy service to tackle margin calls
02 August 2017 | New York | Reporter: Jenna Lomax
Its first release under the AcadiaSoft Expert Service programme will be ISDA SIMM Approval Guidance, which will help with obtaining permission from regulators to use the ISDA SIMM for initial margin calculations
Deutsche Börse and Risk Focus partner on OTC trade reporting
02 August 2017 | Frankfurt | Reporter: Mark Dugdale
Risk Focus will provide key system components for Deutsche Börse’s Regulatory Reporting Hub OTC trade reporting solution, including Validate.Trade, the reporting system of its subsidiary, RegTek.Solutions
NSD’s securities under custody climb
02 August 2017 | Moscow | Reporter: Jenna Lomax
The Russian settlement depository held assets under custody valued at RUB 32.2 trillion (USD 536.32 billion) in Q2 2016
Optimas Capital opts for Broadridge investment management solution
01 August 2017 | New York | Reporter: Jenna Lomax
Optimas Capital, which has more than USD 250 million in assets under management, chose Broadridge’s Portfolio Master solution for its “accurate and smooth processing capability”
FundBPO to continue using StatPro Revolution
31 July 2017 | Sydney | Reporter: Jenna Lomax
Australian fund administrator FundBPO has signed a three-year contract extension with StatPro Group
BNP Paribas sees Q2 success
31 July 2017 | Paris | Reporter: Jenna Lomax
BNP Paribas has seen a 10.7 percent increase in assets under custody, reporting a total of €9 trillion at the end of Q2 2017, compared to €8.1 trillion in Q2 2016
FDIC tells firms to prepare for T+2
31 July 2017 | Washington DC | Reporter: Mark Dugdale
US financial services firms should take appropriate steps to ensure they are prepared for the move to T+2 settlement on 5 September
Northern Trust wins Hong Kong higher education mandate
31 July 2017 | Hong Kong | Reporter: Stephanie Palmer
Northern Trust has been selected to provide global custody and other services to The Open University of Hong Kong
Citi brings in Sabrina Wilson for futures, clearing and collateral
28 July 2017 | London | Reporter: Jenna Lomax
In her new role, Wilson will report to Jerome Kemp, the former J.P. Morgan executive, who is global head of Citi's futures, clearing and collateral business
Bloomberg Entity Exchange wins MiFID II mandate
28 July 2017 | London | Reporter: Jenna Lomax
The Bloomberg platform will register TP ICAP clients on to new trading venues operated by its broking businesses, including Tullett Prebon and ICAP.
US regulators to work together on Volcker Rule
28 July 2017 | Washington DC | Reporter: Stephanie Palmer
Five US federal financial regulatory agencies are coordinating the efforts to review the regulatory treatment of certain foreign funds under Section 619 of the Dodd-Frank Act, better known as the Volcker Rule
Fund administrator LeverPoint acquires Lamplighter
27 July 2017 | New York | Reporter: Jenna Lomax
Lamplighter Financial will boost LeverPoint’s back-office administration and reporting services, specifically SBIC fund reporting, further solidifying its place in the market
Citi ceases to restructure
27 July 2017 | New York | Reporter: Stephanie Palmer
Citi has announced the end of the restructuring that came as a response to the financial crisis, now the franchise has been “streamlined”, according to the bank’s CEO Michael Corbat
Euroclear partnership to boost international investment in Peru
27 July 2017 | Lima | Reporter: Jenna Lomax
The Peruvian Ministry of Economy and Finance has allowed for a $3 billion bond to be made available to both domestic and international investors, facilitated by Euroclear
Record-breaking Q2 for State Street
27 July 2017 | Boston | Reporter: Stephanie Palmer
State Street recorded record levels of assets under custody and administration, and assets under management in Q2 2017, with the former topping $31 trillion
StatPro hires new North American sales director
27 July 2017 | New York | Reporter: Jenna Lomax
StatPro Group has appointed Will Entwistle as sales director and executive for North America
RBC I&TS builds on global reconciliations team
26 July 2017 | London | Reporter: Jenna Lomax
RBC Investor & Treasury Services (I&TS) has appointed Michelle Hall as a director of UK business management, as a permanent member of staff.
FCA consults on SMR extension
26 July 2017 | London | Reporter: Stephanie Palmer
The UK’s Financial Conduct Authority (FCA) has outlined its proposals for extending the Senior Managers and Certification Regime to almost all regulated financial services firms
BNY Mellon continues spate of senior hires
26 July 2017 | Singapore | Reporter: Jenna Lomax
BNY Mellon has appointed Francis Giglio as Asia Pacific (APAC) head of depository receipts
Northern Trust has reported a 16 percent rise in assets under custody in Q2 2017.
Standard Chartered builds on securities services team
25 July 2017 | Singapore | Reporter: Jenna Lomax
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing, securities services and transaction banking
UniCredit embarks on test phase for European instant payments
25 July 2017 | Milan | Reporter: Stephanie Palmer
UniCredit has started testing EBA Clearing’s instant payment solution RT1, in preparation to roll out instant payments multinationally
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
Euroclear sees strong H1 asset growth
21 July 2017 | Frankfurt | Reporter: Jenna Lomax
Post-trade service provider Euroclear saw its asset under safekeeping increase by 5 percent to €28.4 trillion in the first half of 2017
Record AuC figures for BNY Mellon
21 July 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon recorded high levels of assets under custody and administration in Q2 2017, reaching $31.1 trillion
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
Northern Trust commits to EU hub
19 July 2017 | Luxembourg | Reporter: Stephanie Palmer
Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
New OMS launches to support firms in MiFID II
19 July 2017 | London | Reporter: Stephanie Palmer
London-based financial technology start-up Hedgd has launched its cloud-based order management system, to support firms in compliance with the second Markets in Financial Instruments Directive
SIX launches new regulatory data and document exchange platform
18 July 2017 | Zurich | Reporter: Barney Dixon
SIX Financial Information has launched a new platform allowing for more efficient electronic exchange of regulatory data between wealth managers, asset managers and banks
T7 goes live at Irish Stock Exchange
18 July 2017 | Leinster | Reporter: Barney Dixon
The Irish Stock Exchange has migrated to Deutsche Börse’s new T7 trading platform, which aims to enhance the performance of ISE’s equity marketing offering
Lombard Risk dominates Canada with new mandate win
18 July 2017 | London | Reporter: Drew Nicol
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution
Ex-Visa CEO takes helm at BNY Mellon
18 July 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon has named Charles Scharf as CEO and director of the company, effective immediately
Clearstream sets sights on CSDR licence
17 July 2017 | Frankfurt | Reporter: Drew Nicol
Deutsche Börse subsidiary Clearstream is set to apply for new licenses to operate under the central securities depositories regulation
Citi boosts custody and fund services team
17 July 2017 | Dublin | Reporter: Stephanie Palmer
Citi has made three new senior hires to its custody and fund services team in Europe, the Middle East and Africa
NSE goes live with Nasdaq surveillance solution
17 July 2017 | Lagos | Reporter: Stephanie Palmer
Nigerian Stock Exchange has gone live with a new market surveillance platform powered by the Nasdaq SMARTS solution
UBS secures Chinese private fund management license
14 July 2017 | Hong Kong | Reporter: Barney Dixon
UBS Asset Management has been granted a private fund management license from the Asset Management Association of China
European banks join forces for SME blockchain venture
14 July 2017 | Paris | Reporter: Drew Nicol
Paris Europlace, along with seven European banking partners, has launched LiquidShare, post-trading blockchain infrastructure for the small and medium enterprise market
Northern Trust bolsters sales team
14 July 2017 | Chicago | Reporter: Drew Nicol
Northern Trust has bolstered its global business development team with a series of senior appointments
AIMA launches updated guide to fund admin services
13 July 2017 | London | Reporter: Stephanie Palmer
The Alternative Investment Management Association has published a new guide to fund administration, aimed at alternative managers choosing between providers
Financial institutions seeking blockchain buffs
13 July 2017 | London | Reporter: Stephanie Palmer
The increased use of blockchain technology in financial services is leading institutions to seek new recruits with skills in the technology, according to research from recruiter Robert Half
Mirae Asset Securities chooses BNP Paribas for global custody
13 July 2017 | New York | Reporter: Stephanie Palmer
Mirae Asset Securities (USA) has selected BNP Paribas Securities Services to provide it with global custody
Falcon group launches blockchain asset management service
12 July 2017 | Zurich | Reporter: Stephanie Palmer
Falcon Group has become the first Swiss private bank to offer a blockchain asset management solution, through a partnership with Bitcoin Suisse AG
Bravura wins Scottish Friendly mandate
12 July 2017 | Glasgow | Reporter: Stephanie Palmer
The Scottish Friendly Assurance Society, UK mutual life office, has gone live with the Bravura Solutions Sonata administration platform, for its life and pensions business
Hyperledger Fabric 1.0 goes live
12 July 2017 | London | Reporter: Drew Nicol
Blockchain developer Hyperledger has achieved a “huge milestone” with the launch of Hyperledger Fabric 1.0, according to IBM chief technology officer of open technology Chris Ferris
R3 working with Intel on Corda security
12 July 2017 | New York | Reporter: Stephanie Palmer
R3 is collaborating with Intel to improve data privacy and security for Corda, its distributed ledger technology platform
CFTC welcomes new chief innovation officer
11 July 2017 | Washington DC | Reporter: Drew Nicol
The US Commodity Futures Trading Commission has appointed Daniel Gorfine as director of LabCFTC and chief innovation officer, effective immediately
Broadridge makes data intelligence acquisition
11 July 2017 | London | Reporter: Stephanie Palmer
Broadridge is expanding its data and analytics solution with the acquisition of Spence Johnson, a provider of institutional data and intelligence to the asset management industry
Profile acquires treasury software provider
11 July 2017 | London | Reporter: Stephanie Palmer
Financial solution provider Profile Software is set to acquire 100 percent of Login, an international provider of treasury software
Multifonds: Asset management industry to innovate from the inside
11 July 2017 | London | Reporter: Stephanie Palmer
Innovation in asset management will come from within the industry, rather than from start-ups or disruptors, according to a survey from Multifonds
Private debt added to SimCorp Dimension
10 July 2017 | London | Reporter: Stephanie Palmer
SimCorp has added a private debt module to its SimCorp Dimension investment platform, in partnership with Danish pension fund PKA
New working group to champion innovation in French funds industry
10 July 2017 | Paris | Reporter: Stephanie Palmer
Euroclear has launched a new working group exploring ways in which innovation can make French fund fund distribution more efficient, and more in line with international investor expectations
Hong Paterson joins RBC I&TS in Singapore
06 July 2017 | Singapore | Reporter: Stephanie Palmer
Royal Bank of Canada Investor & Treasury Services (RBC I&TS) has poached J.P. Morgan’s Hong Paterson to lead its Singapore business
AxiomSL sees boost from strategic investment
06 July 2017 | New York | Reporter: Stephanie Palmer
Data management and regulatory reporting technology provider AxiomSL has received its first institutional financing, with a strategic investment from TCV
New hire in HSBC’s client management team
06 July 2017 | London | Reporter: Stephanie Palmer
HSBC has appointed Terry Alleyne to its securities services client management team, as a client executive
Fend off reform fatigue, urges FSB
06 July 2017 | Hamburg | Reporter: Mark Dugdale
The Financial Stability Board has called on the leaders of G20 nations to fend off reform fatigue and continue to work together
BNP Paribas and SmartAngels launch DLT share management tool
05 July 2017 | Paris | Reporter: Stephanie Palmer
BNP Paribas Securities Services and equity crowdfunding fintech SmartAngels have finalised the first phase of their blockchain partnership
ESAs set the KID straight
05 July 2017 | London | Reporter: Stephanie Palmer
The European Supervisory Authorities have clarified some of the finer points around the Key Information Document required under the Packaged Retail and Insurance-based Investment Products Regulation
Deutsche Börse engages T7 for cash
04 July 2017 | Frankfurt | Reporter: Drew Nicol
Deutsche Börse shifts cash trading onto T7 and Eurex introduces new derivative hedging tools for the buy side
FCA reveals final MiFID II rules
04 July 2017 | London | Reporter: Stephanie Palmer
The authority has set out the ways in which the UK's policy will go beyond the requirements of the directive, but noted that it has an obligation to consider the government’s economic policies
New settlement netting service launches for OTC FX
03 July 2017 | London | Reporter: Stephanie Palmer
NEX Optimisation has launched its automated settlement netting service, which it calls the first of its kind in the industry
BNP Paribas welcomes four new users for US custody platform
03 July 2017 | New York | Reporter: Drew Nicol
BNP Paribas Securities Services has secured four new European online banks as clients for its US broker-to-custody platform
Fintech association launches in Hong Kong
03 July 2017 | Hong Kong | Reporter: Stephanie Palmer
The new FinTech Association of Hong Kong has officially launched, striving to encourage further development of financial technology in the country
SimCorp makes €35 million software acquisition
30 June 2017 | Milan | Reporter: Katherine Brown
The purchase price will be adjusted upwards by an expected €3 million by closing of the agreement
Citi launches big data platform for custody and fund services
30 June 2017 | New York | Reporter: Katherine Brown
The platform concentrates on data analyses across Citi custody and fund services products and will be broadened to include investor services
MiFID II a threat to market liquidity
29 June 2017 | Warsaw | Reporter: Stephanie Palmer
New rules under MiFID II could restrict liquidity in the market and have a negative effect on securities lending and repo industry, according to Anna Biala, a partner at Clifford Chance
IHS Markit tackles MiFID II challenge for buy-side
29 June 2017 | London | Reporter: Drew Nicol
IHS Markit has launched RPA Manager, a new service to help asset managers acquire investment research in compliance with MiFID II
Harmonisation will mean success for T2S
29 June 2017 | Warsaw | Reporter: Stephanie Palmer
More harmonisation and standardisation is required for the market to fully realise the intended benefits of the Target2-Securities platform
Network Forum: Don’t fear disruption
29 June 2017 | Warsaw | Reporter: Stephanie Palmer
Custodians should embrace innovation and collaboration in order to move forward, according to Markus Ruetimann, chief executive of advisory firm Hardy London
Intertrust brings on key global hires
29 June 2017 | Amsterdam | Reporter: Drew Nicol
Dutch capital market solutions provider Intertrust fills senior fund services roles for its Luxembourg, Hong Kong, Channel Islands offices
Custody not a commodity
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
Viewing custody and clearing as a commoditised industry could be putting pressure on pricing and threatening the industry, according to speakers at The Network Forum
BNY Mellon and Australian financial service provider One Investment Group are joining forces to offer global custody services to Australian fund managers, trustees and responsible entities
70 percent say cyber crime will lead to financial crisis
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
The next financial crisis is ‘highly likely’ to be caused by cyber crime, and the only way to manage this is for the industry to come together, according to a panel session at The Network Forum in Warsaw
J.P. Morgan recruits new head of global custody
28 June 2017 | London | Reporter: Mark Dugdale
Hughes has joined the bank from Deutsche Bank, where he was head of strategic execution for global securities services
R3 completes prototype for ECP issuance
27 June 2017 | London | Reporter: Stephanie Palmer
R3 and four of its member banks have collaborated to build a solution for issuing Euro Commercial Paper on a distributed ledger technology platform
€50 billion mandate win for Caceis
27 June 2017 | Rome | Reporter: Stephanie Palmer
Caceis has been selected to provide custody, depository, fund administration and transfer agency services for Amundi SGR, the Italian subsidiary of the Amundi Group
EFAMA elects Nott as new president
26 June 2017 | London | Reporter: Stephanie Palmer
The European Fund and Asset Management Association has elected William Nott of M&G Securities to serve a two-year terms as president
Access to China’s bond market formed through Tradeweb
26 June 2017 | New York | Reporter: Drew Nicol
Northbound trading will begin in the initial phase, meaning overseas investors will be able to invest in the China inter-bank bond market
ECB calls time on struggling Italian banks
26 June 2017 | Vicenza | Reporter: Stephanie Palmer
Two Italian banks have been deemed ‘failing or likely to fail’ by the European Central Bank, and will be wound up under Italian insolvency procedures
MiFID II unbundling compliance will be last-minute scramble for 85 percent
23 June 2017 | London | Reporter: Stephanie Palmer
Asset managers are cutting it fine in compliance with research unbundling rules under MiFID II, with 85 percent saying they expect to be compliant in Q4 2017 or later, ahead of the January 2018 deadline
ICMA: NSFR will make EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
Caceis welcomes two new clients to TEEPI
23 June 2017 | Luxembourg | Reporter: Stephanie Palmer
Swiss Life Global Solutions, a Luxembourg-based insurance and wealth management provider, and European asset manager Amundi have joined the Caceis Tailored Electronic Exchange Platform for Investors
ECB to launch new faster payments system
22 June 2017 | Frankfurt | Reporter: Stephanie Palmer
The European Central Bank (ECB) is expanding its TARGET 2 instant payments system to facilitate retail payments throughout Europe
Clients demand innovation in custody
22 June 2017 | New York | Reporter: Stephanie Palmer
Custodians must embrace new technologies if they’re to survive in the digital age, according to a survey of sell-side executives by BNP Paribas Securities Services and TABB Group
Citi recruits Matthew Bax
21 June 2017 | London | Reporter: Barney Dixon
Citi has hired Matthew Bax as its Europe, Middle East and Africa (EMEA) head of sales for custody and fund services
Denise Voss re-elected as ALFI chair
21 June 2017 | Luxembourg | Reporter: Stephanie Palmer
The Association of the Luxembourg Funds Industry has re-elected Denise Voss to serve a further two years as chair of the board of directors
Fragmentation would weaken central clearing, says Mark Carney
20 June 2017 | London | Reporter: Mark Dugdale
In a speech at a breakfast event at Mansion House in London, Carney warned against carving up London’s clearing market once the UK leaves the EU
Northern Trust: Investors are taking transparency seriously
20 June 2017 | Chicago | Reporter: Stephanie Palmer
Transparency is an increasingly important factor when considering investment into both traditional and alternative assets
Clearstream’s ETF assets surpass €300 billion
20 June 2017 | Frankfurt | Reporter: Stephanie Palmer
Clearstream has seen a 25 percent increase in its custody business for exchange-traded funds over the last 12 months, with ETF assets under custody passing the €300 billion mark for the first time in May
Broadridge takes on SFTR reporting requirements
20 June 2017 | New York | Reporter: Stephanie Palmer
Broadridge is addressing trade reporting requirements set to come in with the Securities Financing Transaction Regulation, launching a new solution spanning the entire reporting lifecycle
FCA chair to step down
19 June 2017 | London | Reporter: Stephanie Palmer
John Griffith-Jones, chairman of the UK’s Financial Conduct Authority is set to step down from the role as his five-year term of office ends on 31 March 2018
Middle-office outsourcing may be set to increase among institutional investors in Asia, according to a survey conducted by Northern Trust
SIX launches new SSI tool
19 June 2017 | Zurich | Reporter: Drew Nicol
SIX Securities Services has launched an advanced settlement service to enable financial institutions to process their settlement instructions directly from the trading system
BNY Mellon names Salvage as global head of hedge fund services
16 June 2017 | New York | Reporter: Drew Nicol
BNY Mellon has secured Peter Salvage for the newly created role of global head of hedge fund services
Rohan Singh joins BNY Mellon to lead Asia Pacific servicing
16 June 2017 | Singapore | Reporter: Mark Dugdale
BNY Mellon has appointed former Northern Trust executive Rohan Singh as its new Asia Pacific head of asset servicing
New liquidity management solutions set to manage cross-border payments
15 June 2017 | New York | Reporter: Stephanie Palmer
J.P. Morgan has launched two new liquidity management solutions for cross-border payments
Euroclear embarks on fintech partnership for automated asset allocation
15 June 2017 | Brussels | Reporter: Stephanie Palmer
Euroclear has partnered up with UK-based financial technology company Quantessence, to provide an automated platform for running asset allocation algorithms
Fintech providers Misys and D+H to merge
15 June 2017 | London | Reporter: Drew Nicol
Technology providers Misys and D+H are joining forces to bring their combined fintech power to bear as a single global financial software provider
Chinese fintech breeding global opportunities
14 June 2017 | Berlin | Reporter: Stephanie Palmer
Chinese innovation in financial service poses an opportunity for the wider fund management industry, according to Porter Erisman, former vice president at Chinese ecommerce platform giant Alibaba Group.
Robo revolution at risk
14 June 2017 | Berlin | Reporter: Stephanie Palmer
Robo advisory services may boost efficiency in portfolio management, but they could be at risk of a crash if they don’t adhere more closely to regulation, according to speakers at Fund Forum International
European regulations still causing confusion
14 June 2017 | Berlin | Reporter: Stephanie Palmer
The regulatory environment is breeding change, and complication, for both investors and fund managers, according to panellists at Fund Forum International in Berlin
EC proposes ‘two-tier’ approach to CCP regulation
13 June 2017 | Brussels | Reporter: Mark Dugdale
EU legislators have proposed a massive overhaul of central counterparty supervision
Calastone begin phase two of blockchain PoC
13 June 2017 | London | Reporter: Drew Nicol
Calastone, the global funds transaction network, has completed the first phase of its distributed market infrastructure proof-of-concept for the trading and settlement of mutual funds
Northern Trust commits to Ireland
12 June 2017 | Limerick | Reporter: Drew Nicol
Northern Trust has committed to expanding its operations in Ireland with the addition of 400 new roles over the next five years
BNY Mellon snags Engle as chief information officer
12 June 2017 | New York | Reporter: Drew Nicol
BNY Mellon has appointed Bridget Engle as chief information officer
European Commission hands more power to ESMA after CMU review
09 June 2017 | Brussels | Reporter: Stephanie Palmer
The European Commission is to hand the European Securities and Markets Association more powers in order to improve the effectiveness of the Capital Markets Union
SimCorp embraces derivatives liquidity boost
09 June 2017 | London | Reporter: Stephanie Palmer
SimCorp is partnering up with multi-dealer derivative platform OTCX to provide a more integrated trading workflow for OTC derivatives
US Financial CHOICE Act passes House of Representatives
09 June 2017 | Washington DC | Reporter: Drew Nicol
US President Donald Trump’s efforts to turn back the clock by gutting the bulk of post-crisis regulation took another step forward yesterday, with the House of Representatives passing the Financial CHOICE Act unopposed
New Atlantic head to boost GFT’s tech offering
08 June 2017 | London | Reporter: Stephanie Palmer
GFT has named Andrew Rossiter as head of technology services for the Atlantic region
RBC and Commcise launch MiFID II-compliant research payment tool
08 June 2017 | London | Reporter: Stephanie Palmer
Royal Bank of Canada is partnering with Commcise to provide segregated research payment accounts for buy side clients, to help them in compliance with MiFID II
NEX enlists Duco for MiFID II reconciliations requirements
07 June 2017 | London | Reporter: Stephanie Palmer
NEX Regulatory Reporting is partnering with Duco, a data normalisation and reconciliation service provider, to aid its clients in compliance with MiFID II
Northern Trust’s Surgeon takes on Sydney operations
07 June 2017 | Sydney | Reporter: Stephanie Palmer
Northern Trust has named Sally Surgeon as the new head of its Sydney office, in addition to her responsibilities as head of client services in Australasia
FCA releases results of dividend arbitrage review
07 June 2017 | London | Reporter: Mark Dugdale
Some UK-based firms engaged in dividend arbitrage may not be identifying the risk posed by contrived or fraudulent trading for the purpose of making illegitimate withholding tax reclaims, according to the FCA
The Futures Industry Association has expressed “grave concerns” about the European Commission’s plans to force relocation of euro clearing
New CCP system promises efficient collateral management
06 June 2017 | Stockholm | Reporter: Mark Dugdale
Trading and clearing technology provider Cinnober has launched a risk management system for central counterparties
Misys and Message Automation tackle reg reporting
06 June 2017 | London | Reporter: Mark Dugdale
Misys has built a regulatory reporting component for compliance with the second Markets in Financial Instruments Directive in conjunction with Broadridge’s Message Automation
NSD names MD for new tech business
05 June 2017 | Moscow | Reporter: Stephanie Palmer
Russia’s National Settlement Depository has launched a new technological services business line, and appointed Alexander Nam to lead it as managing director
Accuity wins Afghan screening mandate
05 June 2017 | London | Reporter: Stephanie Palmer
The First MicroFinance Bank, Afghanistan (FMFB-A) has selected Accuity to provide regulatory screening of customer accounts and cross-border transactions
DTCC appoints Matthew Stauffer as head of institutional trade processing
05 June 2017 | New York | Reporter: Mark Dugdale
Stauffer, who will take up the role on 30 June, will be responsible for integrating DTCC’s middle-office trade processing solutions and leading new product development
BNY Mellon boosts Markets CEO to executive committee position
02 June 2017 | New York | Reporter: Stephanie Palmer
Michelle Neal, CEO of BNY Mellon Markets, is set to join the bank’s executive committee
Frankfurt Stock Exchange gains new chair
02 May 2017 | Frankfurt | Reporter: Drew Nicol
Michael Rüdiger is set to become the new chair of the Frankfurt Stock Exchange
Changing of the guard at GFT
01 June 2017 | London | Reporter: Stephanie Palmer
Financial services consultancy GFT has formally appointed Marika Lulay as its new managing director and CEO, following a four-month transition period
SIX x-clear adjusts CCP risk model
01 June 2017 | London | Reporter: Drew Nicol
SIX x-clear has recalibrated its inter-central counterparty risk models in order to improve accuracy
New dashboard tool to reduce regulatory burden for DB pension schemes
01 June 2017 | London | Reporter: Stephanie Palmer
KAS Bank has launched its cost transparency dashboard for defined-benefit pension schemes, intended to address the rising costs of regulatory scrutiny
Changes in the ranks at NEX Group
31 May 2017 | London | Reporter: Stephanie Palmer
NEX Group has seen a leadership reshuffle, as group CFO Stuart Bridges steps down from the board and announced his plans to leave the company later in the year
Deutsche Bank fined $41m for lack of anti-money laundering deficiencies
31 May 2017 | Washington DC | Reporter: Drew Nicol
Deutsche Bank is facing a $41 million penalty and a consent cease and desist order from the US Federal Reserve for “significant deficiencies” in its anti-money laundering management
Maitland appoints new non-exec director
31 May 2017 | Luxembourg | Reporter: Stephanie Palmer
Advisory and fund administrator Maitland has appointed David Hathorn as a non-executive director
DLT poses fragmentation risk in EU, warns ECB
30 May 2017 | Brussels | Reporter: Stephanie Palmer
The increase in distributed ledger technology poses a risk of market fragmentation in the EU, but regulation should not hamper development, according to Mario Draghi, president of the European Central Bank
CCMA praises Canadian market participants on T+2 preparations
30 May 2017 | Toronto | Reporter: Stephanie Palmer
Keith Evans praised the country’s financial markets regulators and participants in their efforts to prepare for the move to T+2 on 5 September, designed to “further strengthen” the marketplace
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Julius Baer builds on UK and Ireland compliance team
22 May 2017 | London | Reporter: Stephanie Palmer
Julius Baer International has appointed John Dodds as head of compliance for the UK and Ireland
Clearstream sees slight April upticks
22 May 2016 | London | Reporter: Stephanie Palmer
According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
SimCorp selects new managing director for APAC
22 May 2017 | Singapore | Reporter: Stephanie Palmer
Investment management solution provider SimCorp has appointed Oliver Johnson as its new manging director for the Asia Pacific (APAC) region
Asset managers tackle Chinese bond market issues
19 May 2017 | Beijing | Reporter: Drew Nicol
Hong Kong asset managers met in Beijing to discuss the challengers surrounding China’s lucrative bond market
Canadian securities regulator expands T+2 proposals
19 May 2017 | Toronto | Reporter: Drew Nicol
The Canadian Securities Administrators has released its final proposal for the transition of mutual funds and equity and long-term debt to T+2 on 5 September
Profile Software enhances services ahead of MiFID II
19 May 2017 | Bern, Switzerland | Reporter: Becky Butcher
Profile Software has upgraded its web-based platform for wealth management, known as Axia, with new advisory service capabilities, ahead of implementation deadline of MiFID II's 3 January 2018 deadline.
Wolters Kluwer fills new strategy chief role
18 May 2017 | London | Reporter: Drew Nicol
Wolters Kluwer has hired Rajat Somany for the newly created role of global head of strategy, product and platform management for its finance, risk and reporting business
RBC wins Irish assets mandate
18 May 2017 | London | Reporter: Drew Nicol
Royal Bank of Canada has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund
Deutsche Bank adds to Pacific Life mandate
17 May 2017 | New York | Reporter: Drew Nicol
Deutsche Bank's fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
J.P. Morgan buys office space in Dublin
16 May 2017 | Dublin | Reporter: Mark Dugdale
Capable of accommodating 1,000 staff, it will give the bank flexibility across the EU as the UK prepares to leave
Athene and MUFG team up for middle and back office
16 May 2017 | New York | Reporter: Mark Dugdale
Athene Asset Management has selected MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, to provide business process outsourcing for certain middle- and back-office operations
Trident Trust selects Linedata for reporting
15 May 2017 | London | Reporter: Drew Nicol
Linedata has secured Trident Trust as a user of its transfer agency and reporting solutions
Anna Ewing joins NEX Group
15 May 2017 | London | Reporter: Becky Butcher
NEX Group has appointed Anna Ewing to its board as a non-executive director and the company’s risk committee
Citi joins Axoni’s financing round for DLT
12 May 2017 | New York | Reporter: Drew Nicol
Distributed ledger technology developer Axoni has secured Citi as a contributor to its funding round, bringing the total amount raised to more than $20 million
Shadow banking on the up, says FSB
12 May 2017 | London | Reporter: Mark Dugdale
The value of the global ‘shadow banking’ market increased in 2015 to now stand at $34 trillion, according to the Financial Stability Board
French pension fund CNAVPL mandates Societe Generale for custody
11 May 2017 | Paris | Reporter: Mark Dugdale
Caisse Nationale d’Assurance Vieillesse des Professions Libérales, the French national pension fund for self-employed professionals, has appointed Societe Generale Securities Services to provide custody services for its funds
trueEX sues IHS Markit for anti-competition
11 May 2017 | New York | Reporter: Drew Nicol
Interest rate swaps exchange trueEX has brought an anti-competition action against Markitserv, accusing the IHS Markit business of cutting it out of the market
New deputy CEO at Guernsey Finance
10 May 2017 | St Peter Port | Reporter: Becky Butcher
Guernsey Finance, the island’s promotional agency, has promoted Kate Clouston to deputy chief executive
Apex receives investment, buys Equinoxe
10 May 2017 | San Francisco | Reporter: Mark Dugdale
Apex Fund Services has simultaneously been recapitalised and acquired Equinoxe Alternative Investment Services, signalling its intent to expand within fund administration
HSBC wins Direct Line mandate
09 May 2017 | London | Reporter: Mark Dugdale
Direct Line Group has selected HSBC Securities Services as its custodian and middle-office services provider
SIX expands equity repo baskets list
09 May 2017 | Zürich | Reporter: Drew Nicol
Natixis has signed up to SIX Repo’s two new European equity index baskets
Dodd-Frank replacement clears first hurdle
09 May 2017 | Washington DC | Reporter: Mark Dugdale
The repeal and replacement of Dodd-Frank is underway, with the Volcker rule a likely casualty
NT and Donnelley tackle reporting
08 May 2017 | Chicago | Reporter: Mark Dugdale
The bank will use Donnelley Financial’s ArcFiling solution to generate and submit the new N-PORT and N-CEN forms required under the reporting modernisation rules of the US Securities and Exchange Commission
Des Johnson joins Centaur Fund Services
08 May | New York | Reporter: Mark Dugdale
Former SS&C Technologies global co-head of investor services Des Johnson has joined Centaur Fund Services as CEO of the US
Pension funds given three-year exemption to EMIR central clearing
05 May 2017 | Brussels | Reporter: Mark Dugdale
Pension funds have been handed a three-year exemption from central clearing of over-the-counter derivatives under the European Market Infrastructure Regulation
Fidelity names new RIA leader
05 May 2017 | Boston | Reporter: Mark Dugdale
Fidelity Clearing & Custody Solutions has appointed David Canter as head of its registered investment adviser segment, following the departure of Bob Oros
HSBC sees securities services revenue bump
05 May 2017 | Hong Kong | Reporter: Mark Dugdale
The bank’s securities services revenue increased by $42 million during the first three months of 2017
Brexit could see London lose euro clearing
04 May 2017 | London | Reporter: Mark Dugdale
EU leaders have a “strong argument” for bringing euro clearing into one of the remaining member states once the UK leaves the union, according to Roger Storm of SIX Securities Services
Norton Rose Fulbright opens Luxembourg HQ
04 May 2017 | Luxembourg | Reporter: Mark Dugdale
The new office, which will be fully operational in June, will primarily serve the firm’s corporate, tax, funds, banking and capital markets practice areas
BNP Paribas enjoys positive Q1
03 May 2017 | Paris | Reporter: Drew Nicol
BNP Paribas secured new assets for its custody services through mandate wins following a pledge to raise revenues
DTCC expands repo clearing services
03 May 2017 | New York | Reporter: Drew Nicol
DTCC's US clients can now leverage additional balance sheet relief by centrally clearing repos
Eric Bernstein joins Broadridge
02 May 2017 | New York | Reporter: Becky Butcher
Eric Bernstein has been appointed president of the investment management solutions at Broadridge
AxiomSL appoints new CEO for APAC
28 April 2017 | Singapore | Reporter: Stephanie Palmer
Peter Tierney has joined AxiomSL as CEO for the Asia Pacific region, based in Singapore
Northern Trust lands £6.7 billion Northern Irish pension mandate
27 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has been appointed to provide global custody and a range of other services for £6.7 billion in pension fund assets belonging to the Northern Ireland Local Government Officers’ Superannuation Committee
State Street reports double-digit custody and administration growth
27 April 2017 | Boston | Reporter: Stephanie Palmer
State Street has seen a 10.7 percent increase in assets under administration and custody, ending Q1 2017 with just shy of $30 trillion
Linedata bolsters TA solution
26 April 2017 | London | Reporter: Stephanie Palmer
Linedata has upgraded it Linedata solution for transfer agents, to help clients to cope with increasing regulatory reporting requirements
Euronext launches French funds solution
26 April 2017 | Paris | Reporter: Stephanie Palmer
Euronext is set to launch its new solution making it easier to invest in open-end funds registered or passported in France
Esprow launches MiFID II compliance platform
26 April 2017 | New York | Reporter: Becky Butcher
Esprow has launched ETP GEMS, a global exchange and markets simulation platform that provides an on-demand testing environment to facilitate compliance with MiFID II
Opus expands APAC horizons
26 April 2017 | Singapore | Reporter: Stephanie Palmer
Compliance and risk management solution provider Opus has expanded its presence in Asia, opening a new office in Singapore
Hague: Financial services will thrive after Brexit
25 April 2017 | London | Reporter: Stephanie Palmer
Lord William Hague sees a positive future for the UK’s financial services industry post-Brexit, but attendees at SWIFT Business Forum London were not so easily convinced
Geopolitics causing confusion in financial crime compliance
25 April 2017 | London | Reporter: Stephanie Palmer
The Trump administration’s approach to regulation is a concern when it comes to financial crime compliance, but experts speaking at the SWIFT Business Forum suggested that attendees may have bigger fish to fry
BNP Paribas aims for €2 billion+ revenue
25 April 2017 | Paris | Reporter: Mark Dugdale
The French custody bank revealed the aim as part of its recent investor day, with a list of expanded service offerings proposed
Sharing is caring is cyber crime combat
25 April 2017 | London | Reporter: Stephanie Palmer
A more holistic and communicative approach is required to tackle cyber crime in financial services, heard attendees of the SWIFT Business Forum
SWIFT tests distributed ledger technology for reconciliations
25 April 2017 | Brussels | Reporter: Drew Nicol
The results of the proof of concept will be presented at Sibos in Toronto in October
ENSO and RSRCHX pair up for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive
New faces on DTCC board of directors
24 April 2017 | New York | Reporter: Stephanie Palmer
The Depository Trust & Clearing Corporation (DTCC) has appointed four new members to its board of directors
Saudi stock exchange makes move to T+2
24 April 2017 | Riyadh | Reporter: Stephanie Palmer
Tadawul, the Saudi Arabian stock exchange, has officially moved to a T+2 settlement cycle for listed securities, from its previous T+0 system
AxiomSL wins commodity transaction and trading reporting mandate
24 April 2017 | London | Reporter: Stephanie Palmer
Commodity trading firm Trafigura PTE has selected the AxiomSL platform for its global trade and transaction reporting
DTCC pushes ahead with best-interest standards despite regulatory delay
21 April 2017 | New York | Reporter: Stephanie Palmer
DTCC's WMS business will go ahead with new capabilities to meet the US DOL's mandatory best-interest standards for retirement savings, despite the department delaying implementation of the standards
Record-breaking Q1 for BNY Mellon
21 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon saw record breaking levels of assets under custody and/or administration in Q1 2017, reaching a total of $30.6 trillion
BlackRock sees uptick in AUM
20 April 2017 | New York | Reporter: Stephanie Palmer
BlackRock’s total assets under management (AUM) have seen a 14 percent increase to reach $5.2 trillion, its Q1 2017 results have revealed
$33bn REIT mandate for BNY Mellon
20 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon Alternative Investment Services has been selected to provide fund administration for PGIM Real Estate’s US real estate funds
Apex in Saudi fund admin partnership
20 April 2017 | Riyadh | Reporter: Stephanie Palmer
Apex Fund Services has partnered up with Saudi Arabian custodian Albilad Capital, to deliver fund administration solutions to Saudi funds
Law firm sees rise in fintech patents
20 April 2017 | London | Reporter: Mark Dugdale
The number of financial technology patents filed through the international system administered by the World Intellectual Property Organization has increased 49 percent in five years
BNP Paribas to improve fund distribution
19 April 2017 | London | Reporter: Becky Butcher
BNP Paribas Securities Services has developed a new digital fund distribution platform in partnership with AXA Investment Managers
Nomura taps Indian fintech start-up talent
19 April 2017 | Mumbai | Reporter: Drew Nicol
Nomura is looking to engage with Indian fintech expertise for capital market solutions
Top banks reveal Q1 securities growth
18 April 2017 | New York | Reporter: Drew Nicol
Wall Street big hitters post strong securities services revenue growth for Q1
Clearstream tackles German debt with link to LCH’s RepoClear
13 April 2017 | Luxembourg | Reporter: Mark Dugdale
Clearstream has begun offering a new settlement solution for German debt for customers that clear German bonds and repos through LCH
SIA to provide Icelandic payments update
13 April 2017 | Reykjavík | Reporter: Stephanie Palmer
The Central Bank of Iceland has selected technology infrastructure provider SIA to implement and support its new real-time gross settlement system and instant payment platform
Nasdaq and HKEX strengthen tech relationship
12 April 2017 | New York | Reporter: Stephanie Palmer
Hong Kong Exchanges and Clearing Limited has extended its relationship with Nasdaq, appointing it to upgrade the infrastructure of its derivatives market
Financial services firms pull off blockchain proxy voting pilot
12 April 2017 | Lake Success | Reporter: Stephanie Palmer
Broadridge has made its first foray into blockchain technology, completing a pilot for a blockchain-based proxy voting solution, in partnership with J.P. Morgan, Northern Trust and Banco Santander
BNP Paribas set for Dutch expansion
11 April 2017 | Utrecht | Reporter: Stephanie Palmer
BNP Paribas is expanding its presence in the Netherlands, having been appointed as service provider to Dutch asset management firm Actiam
SGSS wins mandate for ASEAN Women Empowerment Fund
11 April 2017 | Luxembourg | Reporter: Stephanie Palmer
BlueOrchard Finance, an impact investment manager, has appointed SGSS to provide fund services for the Luxembourg-based Japan ASEAN Women Empowerment Fund
OCC poaches Ridgway for risk management
11 April 2017 | Chicago | Reporter: Drew Nicol
OCC has continued its raid on Wall Street with the appointment of David Ridgway as senior vice president for enterprise risk management
LCH appoints new group COO
11 April 2017 | London | Reporter: Stephanie Palmer
Global clearing house LCH has appointed Daniel Maguire as group COO, effective immediately
Euroclear Bankchain goes for gold with second successful pilot
11 April 2017 | London | Reporter: Stephanie Palmer
Euroclear and Paxos have completed a second pilot of their Euroclear Bankchain settlement service for the London bullion market, executing over 100,000 settlements
European Parliament takes steps to bolster vulnerable MMFs
10 April 2017 | Brussels | Reporter: Stephanie Palmer
The European Parliament has finalised and approved new rules to make money market funds more resilient to turbulence in the market
BNP Paribas Securities Services wins $3.2 billion US mandate
10 April 2017 | London | Reporter: Stephanie Palmer
Raiffeisen Bank International has selected BNP Paribas Securities Services as local custodian for its $3.2 billion US domestic portfolio
Financial institutions warming to fintechs
07 April 2017 | London | Reporter: Stephanie Palmer
Financial institutions are concerned about losing money to new entrants in the financial technology sphere, but are increasingly willing to enter into partnerships with them, according to a PwC survey
Carney: Brexit challenges responsible financial globalisation
07 April 2017 | London | Reporter: Mark Dugdale
Carney’s speech on financial services, delivered at Thomson Reuters in London’s Canary Wharf, comes a week after the UK triggered Article 50 and commenced the two-year period for negotiating its exit from the EU
BM&FBovespa and Cetip form new exchange
07 April 2017 | São Paulo | Reporter: Drew Nicol
Brazilian exchange BM&FBovespa has merged with Cetip, Latin America's largest depository for OTC securities and derivatives
StatPro sets sights on UBS Delta
07 April 2017 | London | Reporter: Stephanie Palmer
Portfolio analysis and asset pricing service provider StatPro is set to acquire UBS Delta, the risk and performance analytics service of UBS
Intertrust bolsters Jersey office
06 April 2017 | Jersey | Reporter: Stephanie Palmer
Fund services provider Intertrust has appointed four new directors to its Jersey office
Latini joins MUFG Investor Services
06 April 2017 | New York | Reporter: Stephanie Palmer
MUFG Investor Services has appointed Joe Latini as executive director for relationship management
Custom House invests in China
06 April 2017 | Beijing | Reporter: Stephanie Palmer
Custom House Global Fund Services has expanded its presence in China, opening a new office in Beijing and hiring two new relationship managers
Sibos cities revealed for 2020 and 2021
06 April 2017 | Boston | Reporter: Stephanie Palmer
Sibos is to return to Boston in 2020 and to Singapore in 2021, SWIFT has announced
Euronext and ICE Clear partner up
05 April 2017 | Amsterdam | Reporter: Drew Nicol
Clearing operations will be run from Amsterdam, while a new asset financing solution will be built by Euronext and operated from Paris
Crestbridge expands with Bahrain acquisition
05 April 2017 | Manama, Bahrain | Reporter: Stephanie Palmer
Trust, fund and corporate services provider Crestbridge has completed its acquisition of Ohad Trust, a similar business based in Manama, Bahrain
R3’s Corda steps up for DLT lending platform
05 April 2017 | New York | Reporter: Stephanie Palmer
Liquidity management company HQLAX has teamed up with R3 and five of its member banks to build a collateral lending solution for liquidity transfers
Jupiter chooses Milestone for NAV oversight
05 April 2017 | London | Reporter: Stephanie Palmer
Jupiter Asset Management has selected Milestone Group’s pControl Oversight solution to provide automated collection of fund valuation data and verification of daily net asset value prices
OCC’s McClain to head DTCC equity clearing
04 April 2017 | New York | Reporter: Stephanie Palmer
The Depository Trust & Clearing Corporation has appointed Michael McClain as managing director and general manager of equity clearing
Opus launches KYC solution
04 April 2017 | London | Reporter: Stephanie Palmer
Compliance and risk management software provider Opus has launched a new software-as-a-service know-your-customer compliance solution, Alacra Compliance Professional
DTCC and SIX team up for LEIs
04 April 2017 | Zurich | Reporter: Stephanie Palmer
SIX Securities Services has partnered with The Depository Trust & Clearing Corporation to provide legal entity identifiers for Swiss entities
Cantor names portfolio solutions chief
03 April 2017 | New York | Reporter: Stephanie Palmer
Cantor Fitzgerald has appointed Lance Vegna to head up its portfolio solutions team as global managing director, based in New York
Bloomberg wins Italian reg mandate
03 April 2017 | Turin | Reporter: Stephanie Palmer
Italian banking group Intesa Sanpaolo has selected Bloomberg to provide accounting data for compliance with IFRS 9
FundRock’s Irish business hires Doyle
03 April 2017 | Dublin | Reporter: Stephanie Palmer
FundRock has hired Ronan Doyle as head of risk and operations for its alternative investment fund and UCITS management company branch in Ireland
ESMA issues final SFTR standards
31 March 2017 | Paris | Reporter: Mark Dugdale
ESMA has issued its final report on standards for implementing SFTR
Pictet takes top spot in R&M survey
31 March 2017 | London | Reporter: Stephanie Palmer
Pictet has topped the tables as the best overall investor services provider, according to R&M’s latest survey results
FCA sheds light on MiFID II rules
31 March 2017 | London | Reporter: Stephanie Palmer
The UK’s Financial Conduct Authority has published near-final rules on its implementation of MiFID II
Commcise and ITG team up on MiFID II
30 March 2017 | London | Reporter: Becky Butcher
Commcise and ITG have paired up to combine their research payment and management solutions to provide an end-to-end solution under MiFID II
Orca Capital selects CACEIS for clearing
30 March 2017 | Munich | Reporter: Drew Nicol
CACEIS has been chosen to provide cash equity clearing and settlement services to Munich-based Orca Capital GmbH for Orca’s global securities and bonds trading activity
UK finally triggers Brexit
29 March 2017 | London | Reporter: Mark Dugdale
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The UK has officially pulled the trigger on Article 50 and commenced the two-year negotiation process that will end in its exit from the EU
Deutsche Börse-LSEG merger blocked
29 March 2017 | Frankfurt | Reporter: Stephanie Palmer
The European Commission has prohibited the merger, saying it would cause a “de facto monopoly”, and that the proposed measures to counter this were not enough
ETF servicing mandate for Citi
29 March 2017 | Cleveland, Ohio | Reporter: Stephanie Palmer
Citi has been appointed to provide ETF services to Cleveland-based boutique asset manager Victory Capital
BNP Paribas wins global custody mandate
28 March 2017 | Milan | Reporter: Stephanie Palmer
Banco di Desio e della Brianza, part of Gruppo Banco Desio, has selected BNP Paribas Securities Services to provide global custody for €11 billion in Italian and foreign assets
Singapore and France team up for fintech
28 March 2017 | Singapore | Reporter: Mark Dugdale
The French and Singapore regulators will share information on emerging fintech trends and regulatory issues pertaining to innovation in financial services
Kas Bank secures LGPS reporting mandate
28 March 2017 | London | Reporter: Mark Dugdale
The custodian and fund administrator was appointed by Norfolk County Council, whose framework will be used to provide performance monitoring services to all 89 LGPS funds
Legal and compliance whizz joins FundRock
27 March 2017 | Dublin | Reporter: Stephanie Palmer
FundRock has appointed Louise Harris as head of legal and compliance for its Irish branch
Deutsche Bank plans new HQ in London
27 March 2017 | London | Reporter: Mark Dugdale
Deutsche Bank has signalled its commitment to staying in the UK post-Brexit by entering into negotiations over a new headquarters in London
R3 gains first state-level regulator
24 March 2017 | Illinois | Reporter: Katherine Brown
The Illinois Department of Financial and Professional Regulation has become the first state-level regulator to join R3’s distributed ledger group
Wolters Kluwer wins reporting mandate
24 March 2017 | Moscow | Reporter: Stephanie Palmer
Nordea Bank Russia is set to go live with the Wolters Kluwer OneSumX Risk and Management Information Systems reporting solution
Thélem trims custody counterparties
23 March 2017 | Paris | Reporter: Mark Dugdale
Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien
SEC to move US to T+2
23 March 2017 | Washington DC | Reporter: Drew Nicol
Members of the SEC’s industry steering committee, including DTCC and SIFMA, were quick to praise the commission on the amendment
Amundi clears swaps through CDSClear
23 March 2017 | London | Reporter: Mark Dugdale
The asset manager accessed CDSClear via its clearing broker BNP Paribas, taking the service to 13 active members
MiFID II challenges abound
22 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Data requirements and target market rules under MiFID II could pose challenges for asset managers and distributors, heard attendees of the ALFI European Asset Management Conference
ESG key for millennial investors
22 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Millennial investors find environmental, social and governance factors to be important, but their return expectations are unrealistic
UK pension funds embrace alternatives
22 March 2017 | London | Reporter: Drew Nicol
UK public sector pension funds are jostling to expand their alternatives exposure as a way to diversify their portfolios
Northern Trust retains Australian pension fund custody mandate
22 March 2017 | Melbourne | Reporter: Drew Nicol
Northern Trust has received a renewed endorsement from the Australian government employee and Australian Defence Force pension fund
Maijoor: Brexit cannot mean regulatory competition
21 March 2017 | Luxembourg | Reporter: Stephanie Palmer
The European Securities and Markets Authority (ESMA) is taking steps to prevent “regulatory competition” between EU member states as the UK prepares to exit the union, Steven Maijoor, chair of the authority, has warned
ESG changing the face of asset management
21 March 2017 | Luxembourg | Reporter: Stephanie Palmer
The role of the asset manager is evolving as a more challenging regulatory environment and changing demographics bring environmental, social and governance issues to the fore
Northern Trust undergoes C&IS reshuffle
21 March 2017 | London | Reporter: Barney Dixon
Northern Trust has made a round of top-level appointments in Europe, the Middle East and Africa following the promotion of Peter Cherecwich to president of corporate and institutional services in January
FundBPO outsources workflow to DST Systems
21 March 2017 | Sydney | Reporter: Drew Nicol
Wealth management software specialist DST Systems has secured Australian fund administrator FundBPO as the first user of its new transfer agency solution for a five-year contract
SmartStream appoints new CFO
21 March 2017 | London | Reporter: Barney Dixon
SmartStream Technologies has appointed Richard Bowler as its new CFO
EU market participants too busy for CMU
20 March 2017 | Brussels | Reporter: Drew Nicol
EU financial market participants are too bogged down in regulatory implementation to make the most of capital market opportunities, according to a BNY Mellon regional chief
SIX unveils DLT bond issuance solution
17 March 2017 | Zurich | Reporter: Katherine Brown
SIX Securities Services has created a distributed ledger technology solution to cover the entire bond lifecycle, from issuance to settlement, in partnership with Digital Asset Holdings
Irish fund admins warned to buck up on outsourcing
16 March 2017 | Dublin | Reporter: Stephanie Palmer
The Central Bank of Ireland has issued recommendations to fund administrators that outsource part of their fund administration activities, following a review of outsourcing arrangements in relation to operational risk
Brexit poses threat to CMU success, says Clearstream
16 March 2017 | Frankfurt | Reporter: Drew Nicol
Strained political relations in the EU has put the harmonisation efforts of Europe’s financial markets, such as the European Central Bank’s T2S settlement platform, under “severe stress”, according to Clearstream
Northern Trust boosts UK fund services team
16 March 2017 | London | Reporter: Stephanie Palmer
Northern Trust has appointed Katharine Morris as head of sales for its UK global fund services business
Quest for ‘warehouses of truth’
15 March 2017 | London | Reporter: Stephanie Palmer
Increased data quality is the main benefit of data warehousing for asset managers
Asset management IT department’s role will change
15 March 2017 | London | Reporter: Barney Dixon
The IT departments of asset managers may see sweeping changes to their roles in the next 10 years
Cultural battle being waged over data
15 March 2017 | London | Reporter: Barney Dixon
Efficient data management in financial institutions is a cultural battle that is still being fought, heard attendees of the Summit for Asset Management
Robot out of it, say asset managers
15 March 2017 | London | Reporter: Stephanie Palmer
Traditional wealth management providers have nothing to fear from robo advisors, according to panellists at TSAM
J.P. Morgan reshuffles asset custody team
15 March 2017 | London | Reporter: Drew Nicol
J.P. Morgan has revamped its asset custody and agent lending desks with new talent
Euroclear to enter US equity clearing space
15 March 2017 | Brussels | Reporter: Drew Nicol
Euroclear is on the cusp of gaining access to providing limited clearing for US equities
FINMA approves first derivatives trade repository
14 March 2017 | Zurich | Reporter: Stephanie Palmer
SIX Securities Services has received approval from the Swiss Financial Market Supervisory Authority to officially launch its Swiss derivative trade repository, subject to certain conditions
PFS hires cloud services specialist
14 March 2017 | Isle of Man | Reporter: Stephanie Palmer
Pacific Fund Systems has appointed Didier Lucotte as cloud services manager, overseeing its PFS-Cloud initiatives
Indata upgrades in MiFID II prep
14 March 2017 | Greenwich, Connecticut | Reporter: Stephanie Palmer
Software and technology provider Indata has upgraded its iPM Epic software suite in order to improve functionality ahead of the implementation of MiFID II
Linedata in fixed income analytics partnership
13 March 2017 | London | Reporter: Stephanie Palmer
Linedata is extending its partnership with Morningstar to provide fixed income and credit derivatives analytics to its fund services clients
CloudMargin bring Nasdaq Clearing on board collateral platform
13 March 2017 | London | Reporter: Drew Nicol
CloudMargin has secured Nasdaq Clearing as a user of its web-based collateral and margin management solution
AxiomSL wins second Banco Sabadell mandate
13 March 2017 | Barcelona | Reporter: Stephanie Palmer
Spanish banking group Banco Sabadell has selected AxiomSL to provide automated regulatory reporting services for its Barcelona headquarters
FCA and JFSA in innovative partnership
10 March 2017 | London | Reporter: Stephanie Palmer
Financial regulators in Japan and the UK have agreed on a cooperation framework to support financial technology companies in entering each market
Broadridge gains post-trade messaging service
10 March 2017 | London | Reporter: Drew Nicol
Broadridge Financial Solutions has acquired Message Automation to bolster its suite of post-trade services
£550 million mandate for Northern Trust
10 March 2017 | London | Reporter: Stephanie Palmer
Northern Trust has been appointed to provide global custody and other services for £550 million in pension fund assets for the Scottish Borders Council
New TAG team to focus on technology standards
09 March 2017 | London | Reporter: Stephanie Palmer
The International Standards Organisation and the Financial Services Committee have formed a new global committee, focused on driving technology and data standards in financial services
EC unveils PRIIPs RTS amendments
09 March 2017 | Brussels | Reporter: Stephanie Palmer
The European Commission has released the updated regulatory technical standards for PRIIPs, responding to concerns from the European Parliament
NEX launches cross-regulation reporting platform
09 March 2017 | London | Reporter: Stephanie Palmer
NEX Optimisation is bringing its suite of regulatory reporting services under a single umbrella with the launch of its NEX Regulatory Reporting solution
Australian mandate win for RBC I&TS
08 March 2017 | Sydney | Reporter: Stephanie Palmer
RBC Investor & Treasury Services has won the mandate to provide custody and administration services to Uniting Financial Services in Australia
New head at the helm of BNY Mellon Markets
08 March 2017 | London | Reporter: Stephanie Palmer
BNY Mellon has named Dan Watkins as its new head of BNY Mellon Markets in Europe, the Middle East and Africa
Torstone builds on Japanese business
08 March 2017 | Tokyo | Reporter: Stephanie Palmer
Torstone Technology is expanding its services in Japan, having secured a mandate to provide its Inferno collateral management solution to Natixis Japan Securities
CACEIS to facilitate bitcoin fund investment
08 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Depository and transfer agent CACEIS is partnering with Bitstamp to allow fund promoters to accept bitcoin investments into investment funds
Proof of concept affirms blockchain as reporting tool
07 March 2017 | Dublin | Reporter: Stephanie Palmer
Irish Funds and Deloitte have completed their proof of concept for a platform using blockchain technology for regulatory reporting, RegChain
Paul Farrell joins BNY Mellon MENA team
07 March 2017 | Dubai | Reporter: Theo Andrew
BNY Mellon has named Paul Farrell as head of sales and relationship management for corporate trust in the Middle East and North Africa
Eurex’s Brendan Bradley joins Global Alternatives
07 March 2017 | London | Reporter: Theo Andrew
Global Alternatives has appointed Eurex’s Brendan Bradley as non-executive chairman, in time for the launch of Prop-X, Global Alternatives’s industry-wide property trading exchange
Standard Life and Aberdeen agree £11 billion merger
6 March 2017 | London | Reporter: Stephanie Palmer
Standard Life and Aberdeen Asset Management are set to create Britain’s largest asset manager, agreeing terms for an £11 billion merger
Silverfinch wins pan-European regulatory mandate
06 March 2017 | London | Reporter: Stephanie Palmer
International investment boutique J O Hambro Capital Management (JOHCM) has appointed Silverfinch to help manage its European regulatory reporting requirements
Citi reorganises EMEA leadership
06 March 2017 | London | Reporter: Mark Dugdale
Citi has given Pervaiz Panjwani oversight of its Europe, Middle East and Africa (EMEA) global custody business
CCDC and Clearstream partner for CIBM access
03 March 2017 | Frankfurt | Reporter: Stephanie Palmer
Clearstream is partnering with the China Central Depository and Clearing Company to help support settlement and custody for overseas investors into the CIBM
ITAS: More fintech required for KYC
02 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Financial services providers should make better use of financial technology to help manage their KYC and AML requirements, heard attendees of ITAS Luxembourg
ITAS: UCITS V not smooth sailing yet
02 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Although UCITS V has already been implemented, there are still issues that local regulators need to iron out, according to a speaker at ITAS Luxembourg
Northern Trust expands office in South Korea
02 March 2017 | Seoul | Reporter: Drew Nicol
Northern Trust has enhanced its presence in Asia with the opening of an expanded office in Seoul, South Korea
Arlington Advisors and Pensions Infrastructure Platform join forces
2 March 2017 | London | Reporter: Theo Andrew
The Pensions Infrastructure Platform and Arlington Advisors have formed a partnership targeting on-campus student accommodation
Societe Generale doubles down on Lombard Risk’s collateral services
02 March 2017 | New York | Reporter: Drew Nicol
Lombard Risk has extended its relationship with Societe Generale as a user of its flagship collateral management solution—Colline
KYC data causing chaos at ITAS
02 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Know-your-client requirements pose a major challenge for clients opening accounts with transfer agents, and the only way to manage this challenge is through a common solution on which the industry cannot seem to agree
ITAS: TAs given stark warning on data security
01 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Transfer agents must be aware of, and reactive to, the increasing importance of cyber security, according to William Long, partner at law firm Sidley Austin
Volante releases patch for Designer system
01 March 2017 | New York | Reporter: Drew Nicol
Financial messaging provider Volante Technologies has launched Designer 5.2 to bring greater interoperability with other messaging systems across financial markets
ITAS: Regulatory burden reaches transfer agency
01 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Transfer agents need to start paying more attention to the regulatory challenges affecting their customers, according to panellists at ITAS in Luxembourg
UCITS and AIF sales fell in 2016
01 March 2017 | Brussels | Reporter: Mark Dugdale
Net sales of UCITS and alternative investment funds fell to €455 billion last year as Europe was beset by plunging stock markets and Brexit, but AUM reached an all-time high
Regtech expert Farhadi joins Hitachi Data Systems
28 February 2017 | London | Reporter: Stephanie Palmer
Hitachi Data Systems has appointed Nirvana Farhadi as global head of financial services, regulatory technology, risk and regulatory compliance affairs
Proof-of-concept complete for US repo netting DLT
28 February 2017 | New York | Reporter: Drew Nicol
DTCC, in partnership with distributed ledger technology (DLT) developer Digital Asset, is preparing to embark on the second phase of constructing its repo netting blockchain solution
NEX Exchange brings Dyrberg to board
28 February 2017 | London | Reporter: Drew Nicol
UK stock exchange NEX Exchange has appointed Mireille Dyrberg to its board as a non-executive director
JTC builds on funds team
27 February 2017 | London | Reporter: Stephanie Palmer
JTC Fund Services is strengthening its funds business with the appointment of Daniel Essoo and Fèmy Mouftaou
PIMCO raises Stafford to Asia Pacific head
27 February 2017 | Hong Kong | Reporter: Drew Nicol
PIMCO has secured Kimberley Stafford as its new head of Asia Pacific
LSEG-Deutsche Börse merger hits new roadblock
27 February 2017 | London | Reporter: Stephanie Palmer
The proposed merger of the London Stock Exchange Group (LSEG) and Deutsche Börse has hit yet another stumbling block, as the board of LSEG declined to comply with fresh demands from the European Commission
Record-breaking 2016 for Irish funds
27 February 2017 | Dublin | Reporter: Stephanie Palmer
Assets in Irish-domiciled funds reached record highs in 2016, passing the €2 trillion mark for the first time
EU watchdogs lay down the law on VM deadline
24 February 2017 | Brussels | Reporter: Drew Nicol
The EU supervisory authorities have chastised the union’s financial services industry for failing to meet the already delayed deadline for exchanging variation margin
New York takes steps to stop cyber crime
24 February 2017 | New york | Reporter: Stephanie Palmer
The New York Department of Financial Services has implemented new cyber security regulatory requirements for financial services companies, effective from 1 March
UK and Ontario regulators team up for fintech
23 February 2017 | London | Reporter: Stephanie Palmer
The UK’s Financial Conduct Authority and the Ontario Securities Commission have signed a cooperation agreement to support financial technology start-ups entering each market
NEX invests in MiFID II research platform
23 February 2017 | London | Reporter: Stephanie Palmer
Cloud-based institutional research marketplace RSRCHXchange has secured investment from Euclid Opportunities, NEX Group’s financial technology investment business
Private equity blockchain launches
23 February 2017 | Guernsey | Reporter: Stephanie Palmer
Northern Trust, in collaboration with IBM and several other stakeholders, has launched a commercial blockchain solution for the private equity market
Abide makes MiFID II APA and ARM bid
23 February 2017 | London | Reporter: Stephanie Palmer
Abide Financial, part of the NEX Group, has applied to the UK’s FCA to become an APA provider and an ARM under MiFID II
BNP Paribas lands €60 billion custody mandate
22 February 2017 | Madrid | Reporter: Stephanie Palmer
BNP Paribas has been appointed to provide global custody for the $60 billion global portfolio of Mapfre Inversión
OFR: Margin requirement rise could prevent shocks
22 February 2017 | London | Reporter: Drew Nicol
Market regulators must raise margin requirements for over-the-counter derivative transactions in order to avoid amplifying liquidity issues during stress scenarios, according to the US OFR
AxiomSL expands Australia team
21 February 2017 | Sydney | Reporter: Stephanie Palmer
AxiomSL has appointed Andrew Wood as its country manager for Australia, based in Sydney
RiskSystem wins Luxembourg UCITS mandate
21 February 2017 | Luxembourg | Reporter: Stephanie Palmer
Credit Suisse Fund Management has selected RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund
Central Asian banks in SWIFT take-up
21 February 2017 | Brussels | Reporter: Stephanie Palmer
Financial institutions in Turkmenistan and Uzbekistan have signed up to the SWIFT Know Your Customer registry
Moore adds Madden into management mix
21 February 2017 | Jersey | Reporter: Stephanie Palmer
Moore Management, part of the First Names Group, has appointed Scott Madden as funds director
AuM reaches record highs in Luxembourg
20 February 2017 | Luxembourg | Reporter: Stephanie Palmer
Luxembourg has seen a new record for assets under management in investment funds domiciled in the country, reaching €3.74 trillion
Northern Trust nabs UBS fund admin businesses
20 February 2017 | Zurich | Reporter: Stephanie Palmer
Northern Trust has completed an agreement to acquire UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland
ESMA wades into DLT debate
17 February 2017 | Paris | Reporter: Drew Nicol
The European Securities and Markets Authority has acknowledged a number of benefits that distributed ledger technology could bring, including greater post-trade efficiency, enhanced reporting capabilities and reduced costs
Euronext initiates new post-trade platform launch
17 February 2017 | Paris | Reporter: Drew Nicol
Euronext has set out a timeline for the implementation of its new post-trade solution, which will offer risk analytics, inventory management and collateral transformation services
BNY Mellon expands relationships team
16 February 2017 | London | Reporter: Stephanie Palmer
BNY Mellon has appointed Stephen Doyle to the newly created role of head of UK institutional relationship development for asset servicing
CACEIS wins Swiss depository mandate
16 February 2017 | London | Reporter: Stephanie Palmer
Swiss boutique Bellevue Group has selected CACEIS to provide depository services for its UK investment trust, the BB Healthcare Trust
CFTC offers respite from 1 March margin deadline
16 February 2017 | Washington DC | Reporter: Drew Nicol
Swaps dealers have been gifted a seven-month grace period to finalise their compliance infrastructures for the new variation margin requirements set to come into force on 1 March
Hazeltree hires strategic lead
15 February 2017 | New York | Reporter: Stephanie Palmer
Hazeltree has appointed Don Jefferis as managing director of strategic accounts, to lead business expansion into new markets
Eagle wins new business in Singapore
15 February 2017 | Singapore | Reporter: Stephanie Palmer
Singapore-based insurer NTUC Income has selected Eagle Investment Systems to provide data management, investment accounting and performance measurement systems
Gallagher adds new string to BNP Paribas bow
15 February 2017 | New York | Reporter: Stephanie Palmer
BNP Paribas has promoted Claudine Gallagher to head up its new Americas business...
FCA seeks feedback on UK capital markets
14 February 2017 | | Reporter: Stephanie Palmer
The UK Financial Conduct Authority has issued a discussion paper seeking feedback on how the UK capital markets can most effectively meet the needs of issuers and investors
Confluence wins another AIFMD mandate
14 February 2017 | Pittsburgh | Reporter: Stephanie Palmer
Arendt Regulatory & Consulting has selected Confluence’s Unity NXT regulatory reporting solution to support clients’ transparency reporting under the Alternative Investment Fund Managers Directive
War for Wall Street heats up with Tarullo resignation
13 February 2017 | Washington DC | Reporter: Drew Nicol
US Federal Reserve governor and key architect of post-crisis US banking regulation Daniel Tarullo has tendered his resignation, effective 5 April
Industry reluctance holding blockchain back
13 February 2017 | London | Reporter: Stephanie Palmer
Blockchain is high on the agenda in the post-trade sector, but the lack of industry adoption could prove an obstacle to the technology, according to a survey by the Post Trade Distributed Ledger Group
Hedge fund chooses Northern Trust for fund admin
13 February 2017 | Hong Kong | Reporter: Stephanie Palmer
Northern Trust has been appointed by the Alpine Global Master Fund, a long/short market-neutral hedge fund, to provide fund administration and middle-office outsourcing services
Deutsche Bank names Kini transaction head in China
13 February 2017 | Singapore | Reporter: Drew Nicol
Deutsche Bank has appointed Mahesh Kini as head of global transaction banking for China
Blockchain capital markets prototype launched
13 February 2017 | Hong Kong | Reporter: Stephanie Palmer
EquiChain has released a working prototype of its blockchain solution for global capital markets, with plans to implement a full end-to-end custody pilot this year
ISITC creates working group for collateral
10 February 2017 | New York | Reporter: Stephanie Palmer
The ISITC has formed a new industry trade group focused on developing best practices in the collateral management lifecycle
UK grants CACEIS UCITS approval
09 February 2017 | London | Reporter: Stephanie Palmer
CACEIS’s UK branch has received regulatory approval to provide depository services to UCITS funds
Wolters Kluwer wins CIBC reporting mandate
09 February 2017 | Toronto | Reporter: Stephanie Palmer
CIBC has extended its mandate of the Wolters Kluwer OneSumX regulatory reporting solution to the Asia Pacific region
DTCC’s STP suite sees record-breaking 2016
08 February 2017 | London | Reporter: Stephanie Palmer
The Depository Trust & Clearing Corporation suite of institutional straight-through processing products processed a record number of almost 1 billion trades in 2016
Softek enables Triad on credit and risk management
08 February 2017 | New York | Reporter: Drew Nicol
Prime broker Triad Securities has selected capital and credit management provider Softek to provide intraday credit and risk monitoring and alerting
ALFI builds on Asian presence
08 February 2017 | Singapore | Reporter: Stephanie Palmer
The Association of the Luxembourg Funds Industry has launched a new working group in Singapore, focused on improving cooperation and collaboration between the two markets
Cloudmargin gets new CTO
07 February 2017 | London | Reporter: Drew Nicol
CloudMargin has continued its rapid expansion with the appointment of Filipe Rodriquez as CTO
Saxo Bank offers diversification to Indian investors
07 February 2017 | Mumbai | Reporter: Stephanie Palmer
Indian financial services provider ICICI Securities has partnered with online trading and investment firm Saxo Bank, to expand its services available to Indian investors
IHS Markit and Pirum partner for SFTR reporting
07 February 2017 | London | Reporter: Drew Nicol
Pirum Systems has partnered with IHS Markit to build a Securities Financing Transaction Regulation (SFTR) reporting solution by the end of 2017
Funds lawyer joins Ogier in Jersey
07 February 2017 | Jersey | Reporter: Stephanie Palmer
Ogier has appointed funds and regulatory legal specialist Emily Haithwaite as a partner, based in its Jersey office
Another new leadership appointment at KNEIP
06 February 2017 | Luxembourg | Reporter: Stephanie Palmer
KNEIP has appointed Gary Janaway as COO, amid a wider leadership shake-up at the firm
TriOptima co-founder to step down as CEO
06 February 2017 | London | Reporter: Drew Nicol
TriOptima co-founder Per Sjöberg is stepping down as CEO after 17 years at the helm of the post-trade services provider
Clearstream migrates to T2S
06 February 2017 | Frankfurt | Reporter: Mark Dugdale
Clearstream Banking Frankfurt has confirmed that it successfully migrated to the Target2-Securities platform over the weekend...
Trump puts Dodd-Frank on the firing line
06 February 2017 | Washington DC | Reporter: Drew Nicol
President Trump has paved the way for sweeping a regulatory overhaul by signing an executive order giving the the Treasury broad powers to scrap rules that do not comply with the administration’s ‘core principles’...
WSBA launches Blockchain Assets Working Group
3 February 2017 | New York | Reporter: Katherine Brown
The Wall Street Blockchain Alliance, a non-profit trade association, has announced a new working group focused on ‘native assets’ that rely on public blockchains...