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SimCorp partners with AccessFintech to increase efficiency across buy-side
21 November 2022 UK
Reporter: Lyndsey Young

SimCorp will connect its Asset Service Hub with AccessFintech’s Synergy Network to allow clients to better access and visualise data through aggregation and normalisation

EBA Clearing’s instant payment service RT1 marks fifth anniversary
21 November 2022 Europe
Reporter: Lyndsey Young

The service currently reaches 85 per cent of bank customers in SEPA and processes over two million transactions worth €1.5 billion euro per day on average

DTCC releases Report Hub’s assisted reporting model
21 November 2022 US
Reporter: Carmella Haswell

The model aims to allow sell-side firms, including clearing brokers and prime brokers, to provide the required counterparty trade data to their buy-side clients which also utilise Report Hub

Citi’s China-Swiss Stock Connect programme gains new clients
18 November 2022 United Kingdom
Reporter: Lucy Carter

Sunwoda Electric Company and Hangzhou GreatStar Industrial Company have chosen Citibank’s issuer services as the depositary bank for their global depositary receipt programmes, listed on the SIX Swiss Exchange.

HSBC and Wells Fargo expand blockchain FX settlement solution to offshore CNH
18 November 2022 China
Reporter: Jenna Lomax

The offshore Yuan is the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the US dollar, Canadian dollar, British pound and the Euro

ASX faces industry criticism for delay to CHESS replacement project
17 November 2022 Australia
Reporter: Jenna Lomax

The decision follows ASX’s own internal assessment and the completion of an independent review, conducted by Accenture

FSB releases cross-border payments monitoring framework
17 November 2022 Switzerland
Reporter: Lucy Carter

The Financial Stability Board has published a framework by which progress towards the G20 cross-border payments targets can be monitored

Participant Capital Advisors picks Apex to service its Lux-domiciled funds
17 November 2022 Luxembourg
Reporter: Jenna Lomax

Real estate investment firm Participant Capital Advisors, LLC (Participant Capital) has selected Apex Group to provide fund and financial services for its Luxembourg-domiciled funds

European financial authorities gather evidence on greenwashing
16 November 2022 Europe
Reporter: Bob Currie

ESMA, EBA and EIOPA have launched a call for information closing on 10 January, recognising that a better understanding of greenwashing practices will help to inform policy making and strengthen sustainability-related claims in financial services

State Street grows onshore China CNY FX trading business
16 November 2022 China
Reporter: Lyndsey Young

State Street has been appointed by China’s Harvest Fund Management to provide onshore CNY foreign exchange hedging services for the Qualified Domestic Institutional Investor investment funds

Majority of firms are not ready for CFTC Rewrite, says S&P Global Market Intelligence survey
16 November 2022 Global
Reporter: Carmella Haswell

The Global Regulatory Reporting Survey data was collected during August and September 2022 from 89 respondents from banks, asset managers and brokers

Ireland and Luxembourg leading European AIF growth, Ocorion says
16 November 2022 Europe
Reporter: Lucy Carter

According to recent Ocorian research, growing expertise in alternative investment fund managers is resulting in the continuous growth of the alternative investment funds market in Europe