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SETL appoints Marjan Delatinne as head of payments
25 February 2021 UK
Reporter: Maddie Saghir

"Our aim is to work with key industry partners, to improve on existing legacy technology and to drive digital transformation across the market" says Marjan Delatinne

SIB releases paper on how to issue a central bank digital currency
24 January 2021 Switzerland
Reporter: Maddie Saghir

According to SIB, with the emergence of Bitcoin and the recently proposed digital currencies, central banks have growing competition from actors offering their own digital alternative to physical cash

DTCC proposes move to shorten US settlement cycle to T+1 by 2023
24 February 2021 US
Reporter: Becky Bellamy

In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged

T+0 settlement is a 'non-starter', says industry consultant Tony Freeman
24 February 2021 UK
Reporter: Maddie Saghir

Tony Freeman suggests T+0 would have “huge side effects and remove all of the benefits of netting which are significant”

U.S. Bank Global Fund Services hires chief commercial officer
24 February 2021 UK
Reporter: Becky Bellamy

Didier Delvaux, Luxembourg country head, U.S. Bank Global Fund Services, says: “David Kubilus has extensive product and business development expertise and understands the needs and demands of both the US and European markets”

Fideuram Intesa Sanpaolo Private Banking appoints State Street as fund administrator
24 February 2021 Italy
Reporter: Becky Bellamy

Joerg Ambrosius, CEO of Europe, Middle East and Africa at State Street, comments: “We are delighted to expand our relationship with Intesa Sanpaolo to provide Fideuram with solutions that drive value and create efficiencies for their clients"

FundRock named as ManCo for Chimera UCITS ICAV
24 February 2021 UK
Reporter: Becky Bellamy

As part of the mandate, FundRock will provide the risk management and regulatory framework for the ICAV and undertake the sub-funds delegate oversight

TrustQuay and Centralis sign tech deal
23 February 2021 Luxembourg
Reporter: Becky Bellamy

The deal will see Centralis migrate its existing multiple systems to TrustQuay NavOne, and will deploy it across its international offices

FundGaurd accelerates AI-powered SaaS platform with new funding round
23 February 2021 US
Reporter: Maddie Saghir

In addition to securing $12 million in the new funding round, FundGuard is also expanding its executive team

EUSIPA pleads for exempting structured PRIIPs from new RTS
23 February 2021 Germany
Reporter: Maddie Saghir

EUSIPA says it recognises the challenges involved in bringing a diverse range of asset classes into the scope of the PRIIPs Regulation

big xyt bolsters APAC team with new head of business
23 February 2021 Singapore
Reporter: Maddie Saghir

Philip Barnes says: "I’m looking forward to driving expansion in the APAC region and introducing these advanced solutions to my network"

Robinhood CEO calls for a fix on the ‘antiquated settlement structure’
22 February 2021 US
Reporter: Maddie Saghir

Tenev suggests that solving the problem for the system will require “systemic change” and fixing of the “antiquated settlement structure”