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Luxembourg Legal Entity Identifier (LEI) service now operational

LuxCSD’s Legal Entity Identifier (LEI) issuance service for Luxembourg-domiciled entities and investment funds is now operational and accessible via luxcsd.com. 

  • LuxCSD endorsed by Regulatory Oversight Committee (ROC) to issue LEIs for identifying counterparties in reporting domestic and cross border financial transactions
  • LEIs are required to meet reporting obligations under EMIR (European Market Infrastructure Regulation)
  • LuxCSD’s LEI portal now live and accessible via luxcsd.com

At their meeting in June 2014, the central bank Governors of the Global Economy Meeting (GEM) endorsed a new mandate and charter for the Committee on Payment and Settlement Systems (CPSS).

ABN AMRO has announced it has completed the acquisition of the domestic private banking activities of Credit Suisse in Germany.

Celent has released a new report, titled, Mastering the Art and Science of Governance, Risk, and Compliance, Part 2. The report is authored by Cubillas Ding, a research director at Celent.

Despite competition increasing in the past 12 months, 64% of managers of pooled hedge fund products reported their assets had increased.

F&C Investments announced it has appointed two Directors to its Global Rates & Money Markets team, enhancing its integrated range of client-orientated investment solutions in global rates and money market strategies.

BNY Mellon has signed a trade processing partnership with Helaba (Landesbank Hessen-Thuringen) and the G25, a group which represents the 25 largest Sparkassen in Germany.

US & Global Equities – Room for further growth

US companies are delivering sufficient earnings growth to push the S&P500 further beyond the psychologically important 2000 level, which was breached intra-day earlier this week, according to Patrick Moonen, Senior Multi Asset Strategist at ING Investment Management.

Seventh meeting of the FSB Regional Consultative Group for Asia

The Financial Services Agency, Japan hosted the seventh meeting of the Financial Stability Board (FSB) Regional Consultative Group for Asia in Kyoto, Japan.

The Process of Collateral Management

Collateral management in the insurance and fund management industry is arriving like an oncoming train, albeit a slow moving one. It may take a while to feel its impact but it is inevitably coming. Asset managers have begun to successfully react to operational needs, including facilitating collateral movements and looking at, or ultimately acquiring, collateral technology. The next phase of asset manager evolution is a harder task than collateral operations: managers must now evaluate how collateral fits into their business model strategies and take a proactive approach to optimizing not just workflow but also processes, policies and business objectives.

NRI launches first Private Cloud solution to investment managers in Japan

Nomura Research Institute, Ltd. has announced the launch of T-MONOLIX ARENA Private Cloud Service (ARENA Private), its unique private cloud solution in Japan. 

CFTC names Christopher J. Kirkpatrick as Secretary of the Commission

Christopher J. Kirkpatrick has been named Secretary of the U.S. Commodity Futures Trading Commission (CFTC). He will lead CFTC’s Office of the Secretariat.

AIMA publishes ‘The Case for Hedge Funds’

The Alternative Investment Management Association (AIMA) has published “The Case for Hedge Funds”, a compilation of AIMA’s thought-leadership research since the global financial crisis.

 

The 28-page booklet summarises the themes that AIMA has explored since 2008 as it sought to demonstrate the value of the world’s hedge fund industry to investors, financial markets and the broader economy. 

Citi presents the Execution to Custody (E2C) solution in Latin America

The solution performs operations in security markets, through a single contact, with the support of the entire Citi infrastructure

Broadridge announces new president of global sales, marketing and client solutions

Broadridge Financial Solutions, Inc. has announced that Christopher J. Perry will join Broadridge as President of Global Sales, Marketing and Client Solutions in September.

Investors set to grow alternative assets investment teams

28% of institutional investors expect to increase the size of their alternative assets investment teams within the next two years, while none expect these teams to decrease

SunGard reveals growing focus on innovation, optimization and service

SunGard has completed a study, Vision for Growth: Striking a Balance between Innovation, Optimization and Service, which reveals that wealth management and trust organizations are increasingly emphasizing technology innovation, optimization of operations, and enhanced services.

SIX increases its results in the first half of 2014

SIX posted considerably better results in the first half of 2014, says Urs Rüegsegger, SIX Group CEO. This increase was possible because of the successful implementation of initiatives over the last two years.

Deutsche Bank strengthens its technology and operations leadership

Richard Shannon appointed as Americas Chief Information Officer (CIO) and Co-Head of Group Technology & Operations (GTO) Americas and Scott Marcar appointed as Head of IT Infrastructure.

Dimensional Seeks Efficiencies with Calastone

Global asset manager Dimensional Fund Advisors has moved to streamline fund administration for its Australian and New Zealand clients by extending its global relationship and implementing Calastone’s global fund transaction network service.

Societe Generale Securities Services in Luxembourg mandated by Bedrock

Societe Generale Securities Services (SGSS) in Luxembourg was mandated by Bedrock to provide custody, fund administration and registrar services for its range of UCITS funds.

Research reveals anticipated ‘wave’ of new products in the retirement savings and income market

A new State Street Corporation survey* with senior insurance executives and investment advisers reveals that the majority expect recent UK regulatory changes impacting pensions and annuities will result in an injection of innovation into the market over the next five years. Survey respondents believe that new products and services will be developed to take advantage of the new flexible environment.  

TABB Group research reveals urgent need for sell-side investment in OMS

SunGard has released a new independent TABB Group research report that reveals both large and small investment banks and brokers are sacrificing OMS functionality in exchange for aggressive cost cutting.

ING IM announces Emerging Market Equities appointments

ING Investment Management International (ING IM) has announced two senior appointments to its Emerging Market Equity team. Ashish Goyal has been appointed Head of the Emerging Market Equity team and Robert Holmes joins as Senior Portfolio Manager Emerging Market Equities.

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