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Brexit update: BoE keeps interest rates the same


14 July 2016 London
Reporter: Mark Dugdale

The Bank of England has declined to raise interest rates in the face of economic uncertainty following Brexit, but warned that volatility in property prices might require action in the future...
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MainstreamBPO opens New York office


14 July 2016 New York
Reporter: Becky Butcher

MainstreamBPO has expanded its presence in New York with the opening of a new office for its hedge fund administration business...
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Deutsche Bank names new Asia Pacific CEO


14 July 2016 Frankfurt
Reporter: Becky Butcher

Deutsche Bank has appointed Werner Steinmueller, current head of global transaction banking, to take on the role of CEO for the Asia Pacific region...
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South Africa makes the leap to T+3


13 July 2016 Johannesburg
Reporter: Drew Nicol

South Africa’s capital market has initiated its long-anticipated settlement reform by shortening its standard cycle to T+3 from T+5, this week...
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Citigroup admits to 15-year blue sheet violation


13 July 2016 Washington DC
Reporter: Stephanie Palmer

Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the SEC over a 15-year period...
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Centaur expands with Bermuda office


13 July 2016 Hamilton, Bermuda
Reporter: Stephanie Palmer

Centaur Fund Services has opened a new office in Bermuda and appointed Marc Weaver to run it as COO...
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PFS expands Isle of Man team


12 July 2016 Isle of Man
Reporter: Stephanie Palmer

Pacific Fund Systems has appointed two new senior staff members to the executive team, based in the new operational headquarters in the Isle of Man...
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Clearing industry criticises leverage ratio


12 July 2016 Basel
Reporter: Drew Nicol

The Basel leverage ratio fundamentally threatens the business model of clearing members and will endanger the stability of the global financial markets, according to an industry letter...
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Research firms partner up for easier purchase


12 June 2016 London
Reporter: Stephanie Palmer

RSRCHXchange has partnered up with Substantive Research to make it easier for asset managers to access and purchase macro investment research...