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CME Group and GFI Group announce plan for strategic transactions

• CME Group to acquire Trayport and FENICS from GFI Group

• GFI Group stockholders to receive $4.55 per GFI Group share in CME Group stock creating substantial stockholder value

• GFI Group’s wholesale brokerage to be acquired by private consortium of Current GFI Group Management

A global survey undertaken by SunGard reveals the priority placed on business intelligence continues to heighten, but many organizations are challenged by the need to improve reporting techniques, business capabilities and information management. 

The Prudential Regulation Authority and Financial Conduct Authority have published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector.

Confisio Managed Services Ltd has announced that it is launching a collateral valuation solution in conjunction with Dion Global Solutions and Traiana. The new solution will be available across all asset classes for exchange traded and OTC derivatives.

Together with six founder banks, The Depository Trust & Clearing Corporation (DTCC) has announced the establishment of Clarient Entity Hub, a financial industry solution designed to provide increased controls, standardization and transparency during the client on-boarding process.

Elaine is responsible for the development of Securities Services’ China products to grow China related opportunities. She will work closely with colleagues across Securities Services to define the product strategy.

At the inaugural Board meeting of GLEIF, the Board took a key decision on the implementation of one of the Financial Stability Board’s (FSB) recommendations for the Global Legal Entity Identifier System (GLEIS).

The view from Warsaw: SGSS sees Poland powering ahead

ISS Magazine Q2 2014 Issue.


Poland may not be in the first wave for T2S but its strong economy, stable banking sector and advanced infrastructure mean the country is set to play a leading role in the development of Central Europe's markets.

That's the view from David Jaegly, Head of Societe Generale Securities Services, in Warsaw. Jaegly spent time with ISS to talk about how SGSS sees Poland's progress in building a robust, attractive market.

"Despite the fact that Poland is not joining T2S, they are doing a lot to harmonise processes in the market to be in line with Western markets," Jaegly said. "There are many initiatives that have been launched by the CSD which, I would say, may reduce the constraints from not joining T2S."

SimCorp dashboards provide simplified overview allowing informed decision-making

SimCorp introduces Asset Services Dashboards and Alerts – a ‘one-stop’ set of visuals that reflect a real-time and concise overview of asset-servicing metrics and areas requiring attention.

BNY Mellon appointed by NASDAQ to provide US Treasury clearing and custody

BNY Mellon has been appointed by NASDAQ OMX Clearing to provide compliant clearing and custody services for US Treasuries within the NASDAQ OMX Group’s new European clearing business.

Societe Generale in Luxembourg mandated by Bedrock

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

Navigating a new custodial terrain: KELER looks to the future

ISS Magazine Q2 2014 Issue.

Adapting to major regulatory and infrastructure changes has been a challenge for the financial industry, with Central Europe being no exception. KELER, a Budapest-based central depository and clearing house, sees this as a time not only of great upheaval but also great opportunity.  ISS spoke with Chief Executive Officer György Dudás and Director of Strategy and Customer Relations Péter Csiszér.


ISS:  What are the main issues now in Central Europe with respect to the custodial business?...

Only 16% of fund managers believe AIFMD regulations have a positive impact

A significant 47% of real assets fund managers believe the Directive will have a negative impact on the industry, and 37% believe it will have no noticeable impact.

Vendor Risk Management: Strength in Warning, Part One

Vendor risk management aims to understand how a vendor operates its business so as to safeguard the firm and its clients. VRM is gaining significant attention within financial services and with regulators.

European Council adopts rules on central securities depositories

The European Council has adopted a regulation aimed at improving safety in the securities settlement system and opening the market for central securities depositories services.

The regulation introduces an obligation to represent all transferable securities in book entry form.

StatPro releases new whitepaper on self-service analytics and investor reporting

The Self-Service Revolution has seen digitally empowered clients seize control, leaving all but the best firms to play catch up. So what happens when digital-savvy customers encounter an investment management industry in which almost two-thirds of firms rely on systems from 2006 or before?

Omgeo partners with LSE’s UnaVista to bolster matching of synthetic equity swaps

Omgeo has announced a partnership with London Stock Exchange Group’s (LSEG) UnaVista to support tri-party matching of synthetic equity swaps between executing brokers, prime brokers and investment managers.

SWIFT’s KYC Registry for correspondent banking is accepting data from participating banks

SWIFT announces that six additional global banks have signed up to jointly develop its Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about banks required for due diligence processes. 

BNP Paribas awarded EUR 180 billion mandate from Generali

BNP Paribas Securities Services has announced that it has won a EUR 180 billion pan-European mandate from the Generali Group. As part of this mandate, BNP Paribas Securities Services will provide global custody services for Generali’s EUR 130 billion portfolio of direct insurance assets held in Europe.

Saxo Bank appoints Alessandro Bressan as Global Head of Equity Products

The appointment marks a further step in the implementation of  Saxo Bank’s ‘one bank, one platform’ strategy aimed at building product coverage across all main asset classes to meet the needs of both sophisticated individual investors and its growing institutional client base. 

Grant Lee, asset management director at PwC comments on AIFMD coming into effect

In response to the AIFMD rules coming into effect today, Grant Lee, asset management director at PwC, commented, "The one year transitional period for European Asset Managers with Alternative Investment Funds is now officially over. The landscape for the marketing of Alternative Funds across Europe has shifted significantly."

Clearstream extends collateral reach by linking to Deutsche Bank

Clearstream and Deutsche Bank have signed an agreement to develop a customized triparty collateral management solution that Deutsche Bank can offer to its customers. The cooperation will allow Clearstream to further increase its collateral under management with additional Deutsche Bank liquidity.

AIFMD implementation incomplete, uncertainty remains - AIMA

The implementation of the Alternative Investment Fund Managers Directive is incomplete and significant uncertainty remains, the Alternative Investment Management Association has said on the day that the AIFMD finally comes fully into force.

GBST goes live at global investment bank with Syn~FTT solution

GBST announced successful delivery and roll-out of its Syn~FTT solution a US global investment bank delivering French and Italian Financial Transaction Tax compliance. Syn~FTT solution will manage the complete EU Financial Transaction Tax processing for the bank’s global trade flow.


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