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Charles River Development appoints new EMEA head
02 November 2021 UK
Reporter: Jenna Lomax

Charles River Development, the State Street company, has appointed Caroline O'Shaughnessy as head of Europe, Middle East and Africa

AFME: CSDR mandatory buy-in rules are “fundamentally flawed”
21 October 2021 UK
Reporter: Jenna Lomax

The Central Securities Depositories Regulation (CSDR) rulings, relating to mandatory buy-ins, are “fundamentally flawed”, according to James Cunningham, head of European regulatory and market initiatives at BNY Mellon

National Australia Bank enhances post-trade lifecycle via DTCC’s ALERT
21 October 2021 US
Reporter: Maddie Saghir

“With ALERT, we are able to bring greater efficiency, risk mitigation, and accuracy to the post-trade settlement process for our client base,” says Wayne Francis

AFME: T+2 is quicker than it used to be, but is it enough?
20 October 2021 UK
Reporter: Maddie Saghir

The settlement date for stocks used to be T+5, before moving to T+3, and now most markets operate on a T+2 settlement cycle, but panellists at the AFME conference discussed whether or not the T+2 cycle is enough

Calastone hires trio to bolster its digital offerings
19 October 2021 UK
Reporter: Jenna Lomax

Calastone has made three strategic hires to support the next stage of its growth and bolster its digital offering

DTCC’s CTM now used by more than 1,800 firms
12 October 2021 US
Reporter: Jenna Lomax

The Depository Trust & Clearing Corporation’s central trade manager (CTM) service for US domestic trade matching has grown to more than 1,800 firms, with organisations further consolidating global post-trade flows on a single platform

DTCC argues for extension of central clearing in US treasury markets
05 October 2021 US
Reporter: Bob Currie

FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions

Industry working group reports on cyber threat to market infrastructure
22 September 2021
Reporter: Bob Currie

An industry working group, sponsored by the CPMI-IOSCO specialist group on cyber resilience, has published a whitepaper on data protection and validation in the face of cyber threats to FMIs

DTCC’s Project Ion advances into development phase
15 September 2021 US
Reporter: Maddie Saghir

“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery

DTCC partners with Fund Recs
14 September 2021 UK
Reporter: Maddie Saghir

Fund Recs’ Velocity service will connect to DTCC’s Global Trade Repository to retrieve and analyse trade data for accuracy and completion, simplifying and streamlining the reconciliation process

Laura Klimpel discusses DTCC’s proposed clearing service for SFTs
09 September 2021 US
Reporter: Maddie Saghir

Laura Klimpel tells AST that the new service will deliver a number of benefits to the industry including opportunities for increased capital efficiency for both borrowers and agent lenders

DTCC’s FICC launches sponsored general collateral service
07 September 2021 US
Reporter: Bob Currie

Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform