All latest asset servicing news

Citi’s China-Swiss Stock Connect programme gains new clients

18 November 2022 United Kingdom
Reporter: Lucy Carter

Sunwoda Electric Company and Hangzhou GreatStar Industrial Company have chosen Citibank’s issuer services as the depositary bank for their global depositary receipt programmes, listed on the SIX Swiss Exchange.

HSBC and Wells Fargo expand blockchain FX settlement solution to offshore CNH

18 November 2022 China
Reporter: Jenna Lomax

The offshore Yuan is the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the US dollar, Canadian dollar, British pound and the Euro

ASX faces industry criticism for delay to CHESS replacement project

17 November 2022 Australia
Reporter: Jenna Lomax

The decision follows ASX’s own internal assessment and the completion of an independent review, conducted by Accenture

FSB releases cross-border payments monitoring framework

17 November 2022 Switzerland
Reporter: Lucy Carter

The Financial Stability Board has published a framework by which progress towards the G20 cross-border payments targets can be monitored

Participant Capital Advisors picks Apex to service its Lux-domiciled funds

17 November 2022 Luxembourg
Reporter: Jenna Lomax

Real estate investment firm Participant Capital Advisors, LLC (Participant Capital) has selected Apex Group to provide fund and financial services for its Luxembourg-domiciled funds

European financial authorities gather evidence on greenwashing

16 November 2022 Europe
Reporter: Bob Currie

ESMA, EBA and EIOPA have launched a call for information closing on 10 January, recognising that a better understanding of greenwashing practices will help to inform policy making and strengthen sustainability-related claims in financial services