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Banks fined £2 billion over FX scandal


12 November 2014 London
Reporter: Stephanie Palmer

Five international banks have been fined a total of £2 billion by the FCA and CFTC over attempts to manipulate the foreign exchange market...
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Kroll appoints new managing director


11 November 2014 Dubai
Reporter: Becky Butcher

Kroll, the global investigations firm, has appointed John Tudorovic as managing director and head of the financial investigations team in Dubai...
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Northern Trust open Philippines office in Manila


11 November 2014 Philippines
Reporter: Becky Butcher

Northern Trust has set up a new office in Manila, the Philippines, that will support the processing and back-office functions for the bank’s global clients...
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Alacra expands management team


11 November 2014 New York
Reporter: Becky Butcher

Alacra has appointed Alan Samuels, Kelvin Dickenson and Kevin Kollar to its management team...
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Russia and Turkey will cooperate over CSDs


11 November 2014 Moscow
Reporter: Stephanie Palmer

The CSDs of Russia and Turkey have signed a memorandum of understanding, agreeing to cooperate and exchange information in the sphere of services and development...
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Central clearing has a way to go, says Fed governor


11 November 2014 Chicago
Reporter: Stephanie Palmer

The global initiative to expand use of central clearing and central counterparties in over-the-counter trades is making progress but still has significant hurdles to overcome...
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SimCorp Dimension incorporating AD&Co solutions


11 November 2014 New York
Reporter: Stephanie Palmer

AD&Co’s OAS Subroutine services will now be available through the SimCorp Dimension, including the LoanDynamics credit model, Term Structure Library and Home Price Simulation Model...
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IFDS appoints director of product innovation


10 November 2014 London
Reporter: Stephanie Palmer

International Financial Data Services (IFDS) has appointed Philip Goffin to the newly created role as director of product innovation within European business...
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Clearstream assists with China A-Shares opportunity


10 November 2014 Shanghai
Reporter: Stephanie Palmer

Clearstream will offer settlement and custody services for China A-Shares from 17 November, in response to the Shanghai-Hong Kong Connect Program...
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Northern Trust survey highlights data worries


07 November 2014 Stockholm
Reporter: Stephanie Palmer

Institutional investors named data aggregation as the greatest business challenge in the move towards high standards of governance, monitoring and oversight...