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Eurex becomes first European exchange to launch Bitcoin index futures
22 March 2023 Germany
Reporter: Carmella Haswell

Launching FTSE Bitcoin Index Futures is a “major milestone” for the exchange as Eurex seeks to offer safe and trusted access to cryptocurrencies in a regulated market environment

KDPW and KDPW_CCP adapt systems for payment clearing platform TARGET
21 March 2023 Poland
Reporter: Jenna Lomax

The first EUR operations were successfully transmitted to and cleared in the Polish component of the system TARGET-NBP yesterday (20 March)

Clearwater Analytics partners with BNP Paribas’ Securities Services
21 March 2023 UK
Reporter: Jenna Lomax

The mandate will combine Clearwater Analytics’ value proposition and investment lifecycle solutions with BNP Paribas Securities Services’ business platforms

SEC proposes new ruling on certain climate-related disclosures
21 March 2023 US
Reporter: Jenna Lomax

If passed, the ruling would mean registrants would be obligated to report climate-related risks that are “reasonably likely” to have a material impact on their business, results of operations, or financial condition

EU supervisors confirm ranking in resolution waterfall following Credit Suisse takeover
21 March 2023 Switzerland
Reporter: Bob Currie

The EU Single Resolution Board (SRB) has issued a statement confirming that holders of Additional Tier 1 (AT1) instruments should rank ahead of holders of common equity in case of resolution or insolvency of a banking institution in the Banking Union

Confluence and FundGuard partner for operational efficiency
21 March 2023 US
Reporter: Jenna Lomax

Confluence’s suite of asset management performance and risk solutions Unity and Revolution will be merged with FundGuard’s investment accounting platform

Nova Scotia education boards pick Northern Trust for custody services
20 March 2023 Canada
Reporter: Jenna Lomax

Northern Trust has a long history servicing large and complex pensions in Canada

Natixis picks Adenza’s solution to automate regulatory reporting in Hong Kong
20 March 2023 Hong Kong
Reporter: Jenna Lomax

The Adenza solution fully automates the regulatory reporting process by integrating, managing and reconciling volumes of disparate data

Central banks take action to enhance US dollar repo operations
20 March 2023 Global
Reporter: Carmella Haswell

The Bank of England will increase the frequency of seven-day maturity US dollar repo operations from weekly to daily, commencing on Monday 20 March 2023, as markets react to Credit Suisse troubles

Apex bolsters valuation team
20 March 2023 US
Reporter: Jenna Lomax

Based in Phoenix, Alfonso will be responsible for product innovation and service delivery of valuation advisory services

UBS set to take over Credit Suisse in “emergency rescue”
20 March 2023 Switzerland
Reporter: Jenna Lomax

The mandate was signed without approval of shareholders, under emergency orders issued by the Swiss Federal Council, yesterday (Sunday 19 March)

NewVest picks Apex for fund services
17 March 2023 US
Reporter: Jenna Lomax

As part of the mandate, Apex Group will provide PE 50 with fund administration, transfer agency and fund of fund middle-office services