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Morgan Stanley settles over custody rule violation
16 January 2017 Washington DC
Reporter: Stephanie Palmer

Morgan Stanley has agreed to pay $13 million to settle charges from the SEC that it overbilled investment advisory clients and violated the custody rule relating to annual surprise examinations...

CIBC Mellon boosts Atlantic relationships team
13 January 2017 Toronto
Reporter: Stephanie Palmer

CIBC Mellon has appointed Darlene Claes-McKinnon as relationship executive...

Tradition to boost data reach through NEX Data
13 January 2017 New York
Reporter: Drew Nicol

Global pricing data provider NEX Data is set to become a distributor of Tradition’s market data and information services division, TraditionDATA...

GPP appoints new board member
13 January 2017 London
Reporter: Stephanie Palmer

Markus Ruetimann has joined the board of Global Prime Partners (GPP) as senior non-executive director...

AQMetrics invests in MiFID II compliance
13 January 2017 Dublin
Reporter: Stephanie Palmer

Regulatory technology provider AQMetrics has improved its cloud-based risk and compliance platform to add capabilities for compliance with MiFID II...

SWIFT tests blockchain for cross-border payments
12 January 2017 La Hulpe
Reporter: Mark Dugdale

SWIFT is exploring whether banks can use distributed ledger technology to improve the reconciliation of their nostro databases in real time to optimise their liquidity globally...

MiFID II research rules could hurt investment banks
12 January 2017 London
Reporter: Stephanie Palmer

New research payment unbundling rules under the second Markets in Financial Instruments Directive could mean large investment banks will miss out on research budgets, according to a survey from RSRCHXchange...

MainstreamBPO opens in Cayman
12 January 2017 Grand Cayman
Reporter: Mark Dugdale

Fund administrator MainstreamBPO has opened an office in the Cayman Islands...

Finextra encourages fintech for KYC
11 January 2017 London
Reporter: Stephanie Palmer

Embracing new technology developments to know-your-client processes can help the financial services industry to tackle financial crime and terrorist financing without interrupting user experience...

Raiffeisen Bank Hungary appoints new CEO
11 January 2017 Budapest
Reporter: Stephanie Palmer

George Zolnai has been appointed as the new CEO of Raiffeisen Bank in Hungary, subject to approval from the supervisory board and regulatory authorities...

KDPW gains LEI issuer accreditation
10 January 2017 Warsaw
Reporter: Stephanie Palmer

KDPW, the Polish central securities depository, has been granted accreditation to issue legal entity identifier codes by the Global Legal Entity Identifier Foundation...

DTCC advances DLT post-trade platform with IBM
10 January 2017 New York
Reporter: Drew Nicol

The Depository Trust & Clearing Corporation has partnered with IBM to develop a “watershed moment” in the use of distributed ledger technology (DLT) for derivatives post-trade processing...