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Luxembourg passes new bill to recognise DLT for issuing and settling dematerialised securities
03 February 2021 Luxembourg
Reporter: Becky Bellamy

The new bill, the Blockchain II Act 2021, will enable the issuance of dematerialised securities directly in DLT devices

CIBC Mellon: increase in-house asset management for Canadian pension plans post-COVID
03 February 2021 Canada
Reporter: Maddie Saghir

Amid global challenges, Canadian pension funds are adapting their investment strategies, such as shifting asset management functions in-house — along with associated requirements for investment operations and systems

Vistra bolsters Brazil presence with Jotaerre acquisition
03 February 2021 Brazil
Reporter: Maddie Saghir

Vistra has appointed Marcelo Borgheti to lead its expanded business as country managing director of the firm’s Brazil operations

ISLA: CSDR buy-ins may deter asset owners from lending
03 February 2021 UK
Reporter: Drew Nicol

To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"

CSDR consultation: EACH calls for delays to settlement discipline regime
03 February 2021 Brussels
Reporter: Becky Bellamy

EACH explains that a delay to CSDR’s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs

UK funds at a ‘significant and immediate disadvantage’ in post Brexit era
03 February 2021 UK
Reporter: Maddie Saghir

Experts suggest HM Treasury’s assertion that its review will suddenly and significantly increase the opportunities for the asset servicing industry is far-fetched

CSDR consultation is over, ICMA underscores need for mandatory buy-in reforms
02 February 2021 UK
Reporter: Drew Nicol

ICMA has presented a ‘waterfall’ of proposals for implementing the SDR, based on its members’ assessment of what it considers most optimal in terms of minimising disruption to Europe’s bonds markets while still attaining the objectives of CSDR

Euroclear, CDCC and CDS to develop collateral management service for Canada
02 February 2021 Canada
Reporter: Maddie Saghir

Under the terms of MoU, CDS, CDCC and Euroclear are working together to develop an automated collateral management service for the domestic Canadian market

Raiffeisen Bank joins the global Principles for Responsible Banking
02 February 2021 Austria
Reporter: Maddie Saghir

RBI's Johann Strobl says: “Our goal is to offer sustainable financial products and services to support our clients in their transformation towards a sustainable future and therefore to make also a positive contribution to society"

French diversified asset manager selects Confluence’s performance platform
02 February 2021 US
Reporter: Maddie Saghir

The new client, which currently manages more than €70 billion in assets, will utilise Confluence’s cloud-based Revolution platform for its performance measurement and attribution needs

AIFMD Review: don’t fix something that is not broken
02 February 2021 Brussels
Reporter: Becky Bellamy

“Don’t try to fix something that’s not broken”, was the message from associations to the European Commission consultation on the Alternative Investment Fund Managers Directive Review

LSEG completes Refinitiv acquisition
01 February 2021 UK
Reporter: Maddie Saghir

“This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers,” says LSEG’s CEO