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ECB to conduct payments system outage review
16 November 2020 Germany
Reporter: Maddie Saghir

The European Central Bank is set to launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020, causing an outage for almost 10 hours

US SEC chair Jay Clayton to step down
16 November 2020 US
Reporter: Natalie Turner

After serving more than three-and-a-half-years, chair Jay Clayton will leave the SEC as one of its longest-serving chairs

CloudMargin appoints first head of information security
16 November 2020 London
Reporter: Drew Nicol

CloudMargin's COO says that as the platform attracts more major market participants that require the "highest global standards of excellence" it is seeking to "devote additional expertise to further maturing our risk management programme and informat

Beyond Analysis unveils new sister company to optimise AML process
16 November 2020 UK
Reporter: Maddie Saghir

Beyond AML will deploy artificial intelligence technology and synthetic data techniques, to build insights into client and transaction activities and behaviours

BNY Mellon's MarginConnect completes non-cleared derivatives workflow for buy-side
16 November 2020 US
Reporter: Natalie Turner

BNY Mellon has formed MarginConnect to enable buy-side investment managers to take full control over the collateralisation of non-cleared derivatives

David Prosperi retires from OCC
16 November 2020 US
Reporter: Drew Nicol

Options Clearing Corporation’s David Prosperi is set to retire as senior vice president, communications

Didier Delvaux to oversee U.S. Bank’s new Luxembourg office
16 November 2020 US
Reporter: Maddie Saghir

Prior to joining U.S. Bank, Delvaux was at State Street, where he was head of fund administration, and prior to that, chief operating officer, Luxembourg and Ireland

Apex launches LRI Middle East to offer ManCo services to Abu Dhabi clients
16 November 2020 Abu Dhabi
Reporter: Maddie Saghir

LRI Middle East will offer third-party management company (ManCo) services to qualified investor funds and exempt funds

Payments Canada picks new clearing and settlement solution provider
13 November 2020 Canada
Reporter: Maddie Saghir

Payments Canada has selected Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail

Digital asset custodian Brane bolsters its board of directors
13 November 2020 Canada
Reporter: Maddie Saghir

Brane, a blockchain company and digital asset custodian, has appointed Suzanne Larsen and Matthew Torigian to its board of directors

MUFG Investor Services launches new solution for mutual funds
13 November 2020 US
Reporter: Maddie Saghir

To develop the cNAV, MUFG used its business as usual data and existing workflows, to operate a parallel calculation independent of existing infrastructure

LiquidityBook unveils new reporting solution
12 November 2020 US
Reporter: Maddie Saghir

LiquidityBook, a SaaS-based provider of buy- and sell-side trading solutions, has launched a new consolidated audit trail reporting solution