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Broadridge launches new multi-asset post-trade processing solution
05 February 2021 Singapore
Reporter: Becky Bellamy

Post-trade FastStart will enable clients to handle both domestic and foreign equity and bonds, stock lending, collateral management and real-time multi-currency, multi-market transaction processing

Euroclear Bank’s Yulan bond sees first issuance in China
05 February 2021 China
Reporter: Becky Bellamy

Euroclear Bank’s Yulan bonds are issued through Shanghai Clearing House and will enable Chinese issues to gain exposure to a wider foreign investor base.

Northern Trust universe data: 2020 closes strong for institutional plan sponsors
05 February 2021 US
Reporter: Maddie Saghir

“Q4 median plan return ranked as the second best over the past 10 years, trailing only 2020’s second-quarter return,” observes Mark Bovier, regional head of investment risk and analytical services at Northern Trust

Robert Stenmark departs Handelsbanken for new role at Northern Trust
04 February 2021 Norway
Reporter: Maddie Saghir

Based in Oslo, Stenmark is responsible for Northern Trust’s new Norway office and takes on the role as head of depositary for Norway

MarketAxess unveils January’s trading volume stats
04 February 2021 US
Reporter: Maddie Saghir

MarketAxess has reported its monthly trading volume for January 2021 totalled $575.3 billion, which consisted of $236.5 billion in credit volume and $338.8 billion in rates volume

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