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Collateral has become a focal point for financial institutions. While in the past the capital markets enjoyed abundant collateral and liquidity, the ongoing financial crisis has spawned regulation and risk management principles which are forcing a collateral lockdown. 

 

The Central Bank of the Russian Federation has recognized National Settlement Depository (NSD), Russia’s central securities depository, and National Clearing Centre (NCC) as systemically important infrastructure for Russia’s financial market.

SWIFT has announced that it  has delivered early on its commitment to reduce its messaging prices by 30-50 percent between 2010 and 2015, a goal the company set as part of its SWIFT2015 strategy in 2010.

Societe Generale Securities Services (SGSS) has launched a new Global Broker-Dealer Services (BDS) outsourcing solution aimed at institutional brokers, mid-tier banks and broker-dealers. The fully integrated global service includes middle-office services, back-office processing and post-trade services.

 

CACEIS  has selected NX GP3 to manage its global fund administration worldwide.

The Financial Stability Board (FSB) says it is launching today a public consultation on a set of proposals to achieve the cross-border recognition of resolution actions and remove impediments to cross-border resolution.

by Peter Raffelsberger, IT Architect, Pioneer Investments Austria

Fast growing demand for detailed portfolio data in high quality

The demand for very detailed portfolio data in high quality is continuously growing mostly due to new regulatory reporting requirements for both asset managers and their clients. Typically, the consolidation of data from various sources is required as well.

SWIFT launches a new monitoring solution for securities markets

SWIFT has announced it’s first new product at Sibos 2014. the introduction of Watch for Securities, a new business intelligence solution that will help securities market participants to monitor and gain valuable business insights from their network traffic. 

BNP Paribas overhauls liquidity management offering

As the annual Sibos financial services technology trade fair gets under way in Boston, BNP Paribas Securities Services has announced the launch of 'Liquidity Access', designed to help banks and broker dealers manage and monitor their liquid assets.

Guggenheim Securities agrees to acquire Lazard Capital Markets' London operations

Guggenheim Securities has announced the execution of a definitive purchase agreement to acquire the London operations of Lazard Capital Markets (LCM), expanding the firm's international presence. 

Newedge hires Jamie Gavin to Enhance OTC Clearing Offering

Newedge has announced the appointment of Jamie Gavin as Head of Institutional OTC Clearing Sales, UK.

Deutsche Bank appointed Custodian and Fund Administrator by Indo

Deutsche Bank has announced that it will provide custody and fund administration services to PT Indo Premier Investment Management for its newly launched stock-based Exchange Traded Fund – Premier ETF SRI-KEHATI Mutual Fund. 

How Target2-Securities will bring much-needed harmony to Europe

Kashyap Kapasi, Director, Strategic Solutions, Investment Services, Fiserv 

Target2-Securities (T2S) – the emerging securities settlement platform for the Eurosystem – will soon automate and standardise the settlement process throughout Europe, where cross-border fees are prohibitive and the lack of procedural harmony creates risk for asset managers.

Northern Trust announces Target2 Securities strategy

In response to the changing securities settlement infrastructure across Europe, Northern Trust announces its Target2-Securities strategy, designed to offer Northern Trust’s clients an enhanced range of asset safety holding structures, liquidity assurance, and liquidity products to meet their individual requirements.

Broadridge launches new innovations suite PROactive

Broadridge Financial Solutions have announced a new release of its PROactive solution suite for reconciliation and process management, enhancing overall operational efficiency for financial firms globally.

Lombard Risk promotes John Groetch to managing director for the Americas

Lombard Risk Management plc has announced that John Groetch, has been promoted to Managing Director for the Americas effective immediately.

Augentius partners with KNEIP to launch complete AIFMD Reporting solution

Comprehensive solution tailored to the individual needs of private equity and real estate funds

StatPro signs 5 year contract renewal with top 10 asset manager for GIPS solution

StatPro Group plc, the AIM listed provider of cloud-based portfolio analytics for the global asset management industry, today announced it has signed a 5 year contract renewal worth over £1.6m with a top 10 asset manager, for its leading GIPS compliance solution, StatPro Composites.

Barclays fined £38 million for putting £16.5 billion of client assets at risk

Barclays Bank Plc has been fined £37,745,000 by the Financial Conduct Authority (FCA) for failing to properly protect clients’ custody assets worth £16.5 billion. 

FS-ISAC and DTCC announce Soltra partnership

FS-ISAC and DTCC have announced the formation of a strategic joint venture to develop and market automation solutions that advance cyber security capabilities and the resilience of critical infrastructure organizations, including financial services firms and others worldwide.

SunGard and CEB TowerGroup release white paper

A new white paper by CEB TowerGroup analysts, commissioned by SunGard, reveals the importance of goal-based financial planning in wealth management firms’ ability to attract and retain new clients, satisfy advisor demand, and create client loyalty and cross-sell relationship opportunities.

Northern Trust to provide delegated client trade reporting through Sapient Global Markets Solution

Northern Trust has announced that it has deployed a new Compliance Management Reporting Solution (CMRS), utilizing technology developed by Sapient Global Markets, a division of Sapient.

Clearstream further improves collateral management efficiency in line with Eurosystem changes

On 29 September the European Central Bank (ECB) will enable the use of triparty services for cross-border collateral pledges to national central banks.

U.S. SEC awards contract to SmartStream to furnish its TLM Reconciliations Premium Solution

SmartStream Technologies has announced that the U.S. Securities and Exchange Commission has awarded them a contract to furnish its TLM Reconciliations Premium solution to the SEC’s Office of Compliance Inspections and Examinations (OCIE).

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