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Clearstream reports increases across the board


12 November 2014 Frankfurt
Reporter: Stephanie Palmer

Clearstream has released its monthly results for October, reporting €12.3 trillion in assets under custody, and a 20 percent increase in investment fund transactions, compared to 2013...
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Traiana expands TR Connect reporting service


12 November 2014 London
Reporter: Stephanie Palmer

Traiana has expanded TR Connect, its multi-jurisdiction regulatory reporting service, to satisfy the requirements of the Canadian Securities Administrators and the Monetary Authority of Singapore...
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SWIFT announces KYC profiling tool


12 November 2014 La Hulpe
Reporter: Stephanie Palmer

SWIFT has announced the development of SWIFT Profile, a reporting tool that provides institutions with a global overview of their correspondent banking activities...
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Liquidity Alliance unveils connectivity upgrade


12 November 2014 Rio de Janeiro
Reporter: Stephanie Palmer

The Liquidity Alliance has announced an update to its customer connectivity service, intended to further enhance collateral efficiency...
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Concerns over regulations and manual processes


12 November 2014 Boston
Reporter: Stephanie Palmer

Increased regulatory requirements and the risks of manual processing have emerged as the biggest concerns in management of client and legal entity data, according to a survey published by Aite Group...
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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...