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BNY Mellon holds firm on asset servicing fees


22 April 2016 New York
Reporter: Drew Nicol

BNY Mellon’s asset servicing fees grew by a modest 1 percent in Q1 2016 from Q4 2015, but remained flat compared to the same time last year...
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SWIFT BFL: Payment innovation inevitable


21 April 2016 London
Reporter: Stephanie Palmer

Financial institutions and industry bodies alike will have to adapt to the new payments landscape, according to a panel at the Swift Business Forum in London...
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NSD signs agreement with Egypt’s CSD


13 April 2016 Moscow
Reporter: Stephanie Palmer

The central securities depositories of Russia and Egypt have signed a memorandum of understanding in order to offer investors access to the markets of both countries...
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Digital Asset joins ISSA


04 April 2016 New York
Reporter: Stephanie Palmer

Digital Asset Holdings has joined the International Securities Services Association (ISSA), a trade body for the post-trade securities services industry, effective immediately...
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State Street snaps up GEAM


31 March 2016 Boston
Reporter: Stephanie Palmer

State Street has agreed to acquire GE Asset Management (GEAM) in a $485 million cash transaction...
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GFMA rejects Basel internal risk model rules


30 March 2016 Washington DC
Reporter: Stephanie Palmer

The BCBS proposal to restrict banks’ usage of internal risk models for determining credit risk is unnecessary and counterintuitive, GFMA has said...
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NSD retains positive CSD rating


24 March 2016 Moscow
Reporter: Stephanie Palmer

National Settlement Depository (NSD) has retained the central securities depository (CSD) rating of AA- from Thomas Murray Data Services...
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2015 a good year for Guernsey


22 March 2016 Guernsey
Reporter: Stephanie Palmer

The Guernsey Financial Services Commission has seen a 3.7 percent increase in the net asset value of all funds under management and administration in the island...