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Calastone begin phase two of blockchain PoC
13 June 2017 London
Reporter: Drew Nicol

Calastone, the global funds transaction network, has completed the first phase of its distributed market infrastructure proof-of-concept for the trading and settlement of mutual funds

Northern Trust commits to Ireland
12 June 2017 Limerick
Reporter: Drew Nicol

Northern Trust has committed to expanding its operations in Ireland with the addition of 400 new roles over the next five years

BNY Mellon snags Engle as chief information officer
12 June 2017 New York
Reporter: Drew Nicol

BNY Mellon has appointed Bridget Engle as chief information officer

European Commission hands more power to ESMA after CMU review
09 June 2017 Brussels
Reporter: Stephanie Palmer

The European Commission is to hand the European Securities and Markets Association more powers in order to improve the effectiveness of the Capital Markets Union

SimCorp embraces derivatives liquidity boost
09 June 2017 London
Reporter: Stephanie Palmer

SimCorp is partnering up with multi-dealer derivative platform OTCX to provide a more integrated trading workflow for OTC derivatives

US Financial CHOICE Act passes House of Representatives
09 June 2017 Washington DC
Reporter: Drew Nicol

US President Donald Trump’s efforts to turn back the clock by gutting the bulk of post-crisis regulation took another step forward yesterday, with the House of Representatives passing the Financial CHOICE Act unopposed

New Atlantic head to boost GFT’s tech offering
08 June 2017 London
Reporter: Stephanie Palmer

GFT has named Andrew Rossiter as head of technology services for the Atlantic region

RBC and Commcise launch MiFID II-compliant research payment tool
08 June 2017 London
Reporter: Stephanie Palmer

Royal Bank of Canada is partnering with Commcise to provide segregated research payment accounts for buy side clients, to help them in compliance with MiFID II

NEX enlists Duco for MiFID II reconciliations requirements
07 June 2017 London
Reporter: Stephanie Palmer

NEX Regulatory Reporting is partnering with Duco, a data normalisation and reconciliation service provider, to aid its clients in compliance with MiFID II

Northern Trust’s Surgeon takes on Sydney operations
07 June 2017 Sydney
Reporter: Stephanie Palmer

Northern Trust has named Sally Surgeon as the new head of its Sydney office, in addition to her responsibilities as head of client services in Australasia

FCA releases results of dividend arbitrage review
07 June 2017 London
Reporter: Mark Dugdale

Some UK-based firms engaged in dividend arbitrage may not be identifying the risk posed by contrived or fraudulent trading for the purpose of making illegitimate withholding tax reclaims, according to the FCA

EC’s forced relocation of euro clearing would weaken financial stability, says FIA
07 June 2017 London
Reporter: Stephanie Palmer

The Futures Industry Association has expressed “grave concerns” about the European Commission’s plans to force relocation of euro clearing