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IOSCO appoints Jean-Paul Servais as chair of its new board
20 October 2022 Spain
Reporter: Jenna Lomax

Servais says: “I am delighted to assume the mantle of IOSCO chair at this challenging but exciting time for global financial markets"

Kaizen Reporting appoints Matthew Vincent as a managing director
18 October 2022 UK
Reporter: Jenna Lomax

Vincent has more than 30 years of experience in financial services, including more than 10 years’ experience working in regulatory reporting functions at Tier 1 banks

Imran Khan swaps JTC for ScalingFunds
14 October 2022 Germany
Reporter: Lucy Carter

Khan has been appointed chief commercial officer. In the role, he will be responsible for driving ScalingFunds' global growth and expansion

NSCC goes live with SFT clearing service
13 October 2022 US
Reporter: Lucy Carter

The service supports the central clearing of SFTs, both between NSCC full-time members and intermediated by NSCC sponsoring members or agent clearing members

Popularity of outsourcing expected to continue, according to LDX panellists
12 October 2022 UK
Reporter: Lucy Carter

There are “no bad decisions” when it comes to outsourcing, a panellist at the conference said

Citi to launch 24/7 USD clearing in late 2022
11 October 2022 US
Reporter: Bob Currie

This service is designed to enable Citi’s financial institution customers to make USD payments 24 hours per day, 7 days per week including public holidays

Bedfordshire Pension Fund selects CACEIS
11 October 2022 UK
Reporter: Lucy Carter

Bedfordshire Pension Fund has selected CACEIS UK for custody, fund accounting and performance measurement services. It will gain access to CACEIS’ custody solution, along with the company’s Centre of Excellence for Pensions

Kuwait Clearing Company appoints Alex Krunic as CEO
05 October 2022 Kuwait
Reporter: Jenna Lomax

Krunic will be responsible for developing post-trade activities and services in the Kuwait region

SWIFT achieves CBDC-to-CBDC transactions between different DLT networks
05 October 2022 Belgium
Reporter: Jenna Lomax

SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem”

Securities services under geopolitical pressure, say AFME panellists
04 October 2022 UK
Reporter: Lucy Carter

Securities services are having to adapt faster than ever in the face of unprecedented geopolitical events, increasing regulations, and client demand, say panellists at AFME’s Operations, Post-Trade, Technology & Innovation Conference

Hg gains majority ownership of TrustQuay
04 October 2022 UK
Reporter: Lucy Carter

Software and services investor Hg has become the majority owner of technology provider firm TrustQuay. Under this new ownership, the current TrustQuay management team will continue in their roles

Federal Reserve Board to launch climate analysis exercise
03 October 2022 US
Reporter: Lucy Carter

The pilot exercise will launch in early 2023, and aims to improve the ability of supervisors and firms to deal with climate risks by measuring their resilience to a series of hypothetical risk scenarios