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OFR: Margin requirement rise could prevent shocks
22 February 2017 London
Reporter: Drew Nicol

Market regulators must raise margin requirements for over-the-counter derivative transactions in order to avoid amplifying liquidity issues during stress scenarios, according to the US OFR

AxiomSL expands Australia team
21 February 2017 Sydney
Reporter: Stephanie Palmer

AxiomSL has appointed Andrew Wood as its country manager for Australia, based in Sydney

RiskSystem wins Luxembourg UCITS mandate
21 February 2017 Luxembourg
Reporter: Stephanie Palmer

Credit Suisse Fund Management has selected RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund

Central Asian banks in SWIFT take-up
21 February 2017 Brussels
Reporter: Stephanie Palmer

Financial institutions in Turkmenistan and Uzbekistan have signed up to the SWIFT Know Your Customer registry

Moore adds Madden into management mix
21 February 2017 Jersey
Reporter: Stephanie Palmer

Moore Management, part of the First Names Group, has appointed Scott Madden as funds director

AuM reaches record highs in Luxembourg
20 February 2017 Luxembourg
Reporter: Stephanie Palmer

Luxembourg has seen a new record for assets under management in investment funds domiciled in the country, reaching €3.74 trillion

Northern Trust nabs UBS fund admin businesses
20 February 2017 Zurich
Reporter: Stephanie Palmer

Northern Trust has completed an agreement to acquire UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland

ESMA wades into DLT debate
17 February 2017 Paris
Reporter: Drew Nicol

The European Securities and Markets Authority has acknowledged a number of benefits that distributed ledger technology could bring, including greater post-trade efficiency, enhanced reporting capabilities and reduced costs

Euronext initiates new post-trade platform launch
17 February 2017 Paris
Reporter: Drew Nicol

Euronext has set out a timeline for the implementation of its new post-trade solution, which will offer risk analytics, inventory management and collateral transformation services

BNY Mellon expands relationships team
16 February 2017 London
Reporter: Stephanie Palmer

BNY Mellon has appointed Stephen Doyle to the newly created role of head of UK institutional relationship development for asset servicing

CACEIS wins Swiss depository mandate
16 February 2017 London
Reporter: Stephanie Palmer

Swiss boutique Bellevue Group has selected CACEIS to provide depository services for its UK investment trust, the BB Healthcare Trust

CFTC offers respite from 1 March margin deadline
16 February 2017 Washington DC
Reporter: Drew Nicol

Swaps dealers have been gifted a seven-month grace period to finalise their compliance infrastructures for the new variation margin requirements set to come into force on 1 March