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4 percent of banks ready for collateral changes
14 August 2014 London
Reporter: Catherine Van de Stouwe

Research by 4sight and Rule Finance shows that many financial firms are still to start preparations for collateral management of centrally cleared derivatives...

Deutsche Bank depositary for HKEL
14 August 2014 Hong Kong
Reporter: Catherine Van de Stouwe

Deutsche Bank has revealed it has been made depositary bank for the non-capital raising sponsored Level 1 American Depositary Receipt (ADR) programme of Hong Kong Electric Investments and Hong Kong Electric Investments Limited (HKEL)...

New head of custody at J.P. Morgan
13 August 2014 New York
Reporter: Tammy Facey

J.P. Morgan’s current head of fund services, Chris Rowland, has been promoted to the global head of the custody business, effective immediately...

CNA shake up
13 August 2014 London
Reporter: Catherine Van de Stouwe

CNA Financial Corporation has welcomed Thomas Motamed as chairman of the CNA Insurance Company (CAN Europe) board of directors, effective 18 August...

Avaloq is Australian tax compliant
13 August 2014 Zurich
Reporter: Catherine Van de Stouwe

The Avaloq group’s Banking Suite has achieved full compliance with the Australian tax system...

Wolters Kluwer and Broadridge tackle tax compliance
13 August 2014 New York
Reporter: Catherine Van de Stouwe

Wolters Kluwer Financial Services and Broadridge Tax Services have teamed up to deliver the Phase 3 Debt functionality to support cost basis and tax reporting compliance...

Traiana supporting post-trade Harmony
13 August 2014 London
Reporter: Catherine Van de Stouwe

Traiana is launching the next generation of its post-trade cross-asset allocation, matching and confirmation service for buy- and sell-side firms...

Net flows positive in August for SS&C
13 August 2014 Windsor
Reporter: Catherine Van de Stouwe

Hedge fund performance for SS&C Technologies in July fell by -0.37 percent, but is up nearly 4 percent from year-to-date...

Increases across the board for Clearstream
12 August 2014 Frankfurt
Reporter: Stephen Durham

In July 2014, the overall value of assets under custody held on behalf of Clearstream customers registered an increase of 6 percent to €12.2 trillion, compared to €11.5 trillion in July 2013...

Sweden signs on to FATCA
12 August 2014 Stockholm
Reporter: Catherine Van de Stouwe

The governments of Sweden and the US have signed an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA)...

DOJ accuses ConvergEx of being rogue traders
12 August 2014 Washington DC
Reporter: Catherine Van de Stouwe

The former CEO and a former senior vice president of ConvergEx Global Markets (CGM) were indicted on the 6 August in a federal court...

DTCC ahead of the game for phase 2 EMIR
12 August 2014 London
Reporter: Catherine Van de Stouwe

From 11 August, additional reporting obligations for collateral and valuation apply for phase two of the European Market Infrastructure Regulation (EMIR)...