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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...

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...

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...

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...

Nomura chooses SGSS in South Africa
16 October 2014 Paris
Reporter: Stephen Durham

Societe Generale Securities Services (SGSS) in South Africa has been mandated by Nomura to act as its sub-custody bank in the country...

Northern Trust secures west London councils for LGPS
16 October 2014 London
Reporter: Catherine Van de Stouwe

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
Reporter: Catherine Van de Stouwe

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
Reporter: Catherine Van de Stouwe

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
Reporter: Catherine Van de Stouwe

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...

New COO for TMF's fund services
14 October 2014 Dublin
Reporter: Stephen Durham

TMF Custom House Fund Services has appointed Kevin Walsh as COO for fund services...

Smith joins Capita
14 October 2014 London
Reporter: Stephen Durham

Peter Hugh Smith is to join Capita Asset Services as managing director of Capita Financial Managers Limited in November 2014...

Asia Pacific firms choosing triResolve
14 October 2014 New York
Reporter: Stephen Durham

Impending regulatory changes in the Asia Pacific region have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima...