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CHAPS crash sparks Bank of England investigation


21 October 2014 London
Reporter: Stephanie Palmer

The Bank of England has launched an official investigation in to the failing of the CHAPS system that halted payments to thousands of customers...
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OneVue joins Calastone streamlining system


21 October 2014 Sydney
Reporter: Stephanie Palmer

Australian investment platform and funds service provider OneVue has joined the Calastone transaction network with a view to streamlining its services and improving efficiency, while reducing risk and costs...
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Turquoise launches Block Discovery


21 October 2014 London
Reporter: Stephen Durham

Turquoise has launched Block Discovery, a new service enhancing its existing Midpoint Dark Book, designed to bring together large block orders in a neutral environment...
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Moscow Exchange expands Chinese relations


21 October 2014 Moscow
Reporter: Stephanie Palmer

Moscow Exchange has pledged to strengthen its relationships with two of China’s state-owned banks, Bank of China and the Industrial and Commercial Bank of China...
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Colline gets an update


21 October 2014 London
Reporter: Stephen Durham

Lombard Risk Management has released an updated version of Colline, the company's collateral management, clearing, inventory management and optimisation solution...
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Fundsquare and Confluence partner up for AIFMD


20 October 2014 Luxembourg
Reporter: Stephanie Palmer

Software company Confluence is teaming up with market infrastructure specialist Fundsquare to work towards a simplified system for transparency reporting under AIFMD...
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Le Poidevin replacement announced


20 October 2014 Guernsey
Reporter: Stephen Durham

Guernsey Finance is to appoint Dominic Wheatley as chief executive with effect from 1 December 2014. Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July...
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SLIB updates its clearing risk management solution


20 October 2014 London
Reporter: Stephen Durham

SLIB has implemented substantial extensions in its Clearing Risk Management (SLIB CRMS) solution, inspired by the European Market Infrastructure Regulation (EMIR)...
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BNY Mellon's billion-dollar Q3


20 October 2014 New York
Reporter: Mark Dugdale

BNY Mellon earned almost $1 billion in asset servicing fees during Q3 2014, an impressive 6 percent higher than 2013...
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Seoul expansion for Northern Trust


17 October 2014 Seoul
Reporter: Catherine Van de Stouwe

Northern Trust is to open a representative office in Seoul, following regulatory approval from the Financial Services Commission...
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Industry committee to help US move to T+2


17 October 2014 New York
Reporter: Catherine Van de Stouwe

An industry steering committee and an industry working group has been formed by the DTCC to facilitate the move to shorten the settlement cycle in the US...
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Rules are rules, says the SEC


16 October 2014 Washington DC
Reporter: Stephen Durham

The SEC has engaged in enforcement action against a former Wells Fargo Advisors compliance officer who allegedly altered a document before it was provided to the SEC during an investigation...