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Single Rulebook enables switch between UK and EU regulation
25 February 2021 UK
Reporter: Maddie Saghir

The new functionality and tools available on Single Rulebook allow users to research, annotate and work with both texts side by side

Nordea agrees referral deal with Citi as it exits Nordics sub-custody market
25 February 2021 Norway
Reporter: Maddie Saghir

Citi has entered into a referral arrangement with Nordea amid its exit from the nordic sub-custody business

Jerome Hoffman takes on newly created role at Broadridge
25 February 2021 UK
Reporter: Maddie Saghir

In his new role, Hoffman will create and further develop relationships with firms across the financial services spectrum

Year of revenue declines for global securities services in 2020, report finds
25 February 2021 UK
Reporter: Maddie Saghir

Custody revenues declined despite high levels of assets under custody and record deposit levels due to a sharp fall in net interest income in H2 2020

Exclusive: 11th hour deal breakdown cut off KDPW clients from UK EMIR services
25 February 2021 Poland
Reporter: Drew Nicol

The Polish trade repository quietly cut UK EMIR reporting from its available services after a late-stage deal it had negotiated with an on-shore TR to divert business through as of January fell through weeks before the Brexit deadline

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