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Seoul expansion for Northern Trust
17 October 2014
Seoul

Northern Trust is to open a representative office in Seoul, following regulatory approval from the Financial Services Commission...

Industry committee to help US move to T+2
17 October 2014
New York

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...

Northern Trust secures west London councils for LGPS
16 October 2014
London

Westminster City Council and the London Borough of Hammersmith and Fulham has asked Northern Trust to provide global custody, investment accounting and performance measurement for £1.9 billion in pension fund assets...

FICC files for central clearing in tri-party repo
15 October 2014
New York

FICC, subsidiary of the DTCC, has announced it intends to submit a rule filing with SEC and an Advance Notice filing to both the SEC and the Federal Reserve to provide central clearing for over $1.6 trillion institutional tri-party repo market...

SIX concerned with new market infrastructure act
15 October 2014
Zurich

SIX concerned over “inconsistencies in the regulatory approach for trading platforms and systems” in the Financial Market Infrastructure Act...

Volatile month for UCITS amid subdued global growth
15 October 2014
Brussels

There was a large drop in net sales of UCITS for August 2014, according to EFAMA, which put August’s figure at €38 billion compared to €59 billion in July...

Green light for Gibraltar stock exchange
13 October 2014
Gibraltar

Gibraltar’s first ever regulated stock exchange has been given authorisation by the Financial Services Commission of Gibraltar (FSC) to start operations...

Regulation a concern for boutique AMs
13 October 2014
Wayne

Regulation is the greatest threat to success for boutique asset management firms, according to research by TABB Group at SunGard’s request...

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