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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...

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...

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...

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...

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...

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...

BNY Mellon appointed for another GDR programme
11 November 2014 Moscow
Reporter: Stephanie Palmer

BNY Mellon has been selected to act as depository bank for Eurasia Drilling Company’s global depository receipt programme...

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...

SimCorp Dimension incorporating AD&Co solutions
11 November 2014 New York
Reporter: Stephanie Palmer

AD&Co’s OAS Subroutine services will now be available through the SimCorp Dimension, including the LoanDynamics credit model, Term Structure Library and Home Price Simulation Model...

RBC Investor & Treasury Services appoints MD
10 November 2014 Singapore
Reporter: Becky Butcher

Andy Allen has been appointed as managing director to lead RBC’s investor and treasury services business in Singapore...

IFDS appoints director of product innovation
10 November 2014 London
Reporter: Stephanie Palmer

International Financial Data Services (IFDS) has appointed Philip Goffin to the newly created role as director of product innovation within European business...

Clearstream assists with China A-Shares opportunity
10 November 2014 Shanghai
Reporter: Stephanie Palmer

Clearstream will offer settlement and custody services for China A-Shares from 17 November, in response to the Shanghai-Hong Kong Connect Program...