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SIX x-clear adjusts CCP risk model
01 June 2017 London
Reporter: Drew Nicol

SIX x-clear has recalibrated its inter-central counterparty risk models in order to improve accuracy

New dashboard tool to reduce regulatory burden for DB pension schemes
01 June 2017 London
Reporter: Stephanie Palmer

KAS Bank has launched its cost transparency dashboard for defined-benefit pension schemes, intended to address the rising costs of regulatory scrutiny

Changes in the ranks at NEX Group
31 May 2017 London
Reporter: Stephanie Palmer

NEX Group has seen a leadership reshuffle, as group CFO Stuart Bridges steps down from the board and announced his plans to leave the company later in the year

Deutsche Bank fined $41m for lack of anti-money laundering deficiencies
31 May 2017 Washington DC
Reporter: Drew Nicol

Deutsche Bank is facing a $41 million penalty and a consent cease and desist order from the US Federal Reserve for “significant deficiencies” in its anti-money laundering management

Maitland appoints new non-exec director
31 May 2017 Luxembourg
Reporter: Stephanie Palmer

Advisory and fund administrator Maitland has appointed David Hathorn as a non-executive director

DLT poses fragmentation risk in EU, warns ECB
30 May 2017 Brussels
Reporter: Stephanie Palmer

The increase in distributed ledger technology poses a risk of market fragmentation in the EU, but regulation should not hamper development, according to Mario Draghi, president of the European Central Bank

CCMA praises Canadian market participants on T+2 preparations
30 May 2017 Toronto
Reporter: Stephanie Palmer

Keith Evans praised the country’s financial markets regulators and participants in their efforts to prepare for the move to T+2 on 5 September, designed to “further strengthen” the marketplace

BNP Paribas: ESG investment seeing increased interest
25 May 2017 London
Reporter: Stephanie Palmer

The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies

Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 Santiago
Reporter: Stephanie Palmer

Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system

Funds need to keep an eye on BEPS negotiations
24 May 2017 London
Reporter: Becky Butcher

Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules

Northern Trust expands UAE operations
24 May 2017 Abu Dhabi
Reporter: Stephanie Palmer

Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE

R3 raises record funds for DLT development
24 May 2017 London
Reporter: Stephanie Palmer

The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date