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Apex Group acquires BEST Alternative Advisory Services
11 February 2022 India
Reporter: Jenna Lomax

Apex Group has acquired BEST Alternative Advisory Services (BEST), an India-based, financial services provider

Mauritius-based ChiLin Global Fiduciary Services picks PFS
10 February 2022 Mauritius
Reporter: Jenna Lomax

Mauritius-based fund administration provider ChiLin Global Fiduciary Services has selected the Pacific Fund Systems fund administration system for its third-party fund administration business operations

SEC votes to propose rule changes for C&S upgrade
10 February 2022 US
Reporter: Bob Currie

US regulator votes for clearing and settlement amendments, including T+1 settlement, same-day affirmation and improved STP rates. It asks, through public consultation, whether the market is now ready for next-day or same-day settlement

BNP Paribas reports “strong business drive” for 2021
10 February 2022 France
Reporter: Jenna Lomax

BNP Paribas’s end-of-year report showed that 2021 was a year of strong growth for its assets under custody and assets under administration, as well as its wider securities services

SETL and Digital Asset partner for protocols to launch interoperable tokens
10 February 2022 US
Reporter: Jenna Lomax

SETL has partnered with New York-based Digital Asset to create a new protocol which can be used by regulated institutions to launch interoperable tokens

FIMBank renews contract with Volante
09 February 2022 Malta
Reporter: Jenna Lomax

FIMBank, a Malta-based provider of trade finance, is to extend its partnership with payments specialist Volante by deploying additional components from the Volante Payments as a Service payments processing platform

HSBC partners with Bloomberg for increased post-trade efficiency
09 February 2022 US
Reporter: Jenna Lomax

HSBC has partnered with Bloomberg to support real-time trade management processes, including matching and settlement for mutual clients

Commission extends UK CCP equivalence to June 2025
09 February 2022 EU
Reporter: Bob Currie

The European Commission has confirmed that it will extend equivalence for UK central counterparties through to 30 June 2025 and will enhance measures to build central clearing capacity in the EU

IHS Markit and Financial Recovery Technologies partner for asset servicing
08 February 2022 US
Reporter: Jenna Lomax

IHS Markit has partnered with Financial Recovery Technologies to deliver asset servicing capabilities for corporate actions and class actions

Lack of regulatory standardisation delaying meaningful climate action
08 February 2022 UK
Reporter: Jenna Lomax

A lack of global standardisation for climate-related financial regulation has created a confusing, disconnected — and easy to ignore — cross-border compliance culture, according to analysis and research from CUBE

Euroclear to use Taskize for CSDR Settlement Discipline Regime
08 February 2022 Belgium
Reporter: Jenna Lomax

Euroclear has selected a Taskize solution to appeal penalties on both its international central securities depository and its domestic CSDs, following the implementation of the central securities depositories regulation Settlement Discipline Regime

BNY Mellon picks Amundi for fund administration services
07 February 2022 US
Reporter: Jenna Lomax

BNY Mellon has chosen Amundi Technology and the ALTO Investment Compliance platform for depositary and fund administration services