Top story

Life under EMIR: New clearing houses, new rules, new headaches?

15.04.2014

Life under EMIR: New clearing houses, new rules, new headaches?

Adam Cox reports.

A handful of clearing houses in Europe have now been approved under EMIR and more are slated to get the nod in the coming weeks. ISS Editor Adam Cox speaks with industry participants and asks what the changes could mean.

Regulations and Compliance

17.04.2014

AIMA publishes AIFID guides for key jurisdictions

Industry association AIMA published guides for hedge fund managers to comply with AIFMD, covering the three key jurisdictions of the UK, Ireland and Luxembourg.

People Moves

17.04.2014

Temenos appoints Frick as head of APAC, targets more growth

Temenos said it appointed Martin Frick as Head of APAC as it targets more growth in the Asia-Pacific region.

Tech Innovation

17.04.2014

NeoXam launches product suite following GP3, Decalog acquisitions

NeoXam said it had launched NX GP3, NX Compliance and NX Manager, a suite of tools for fund accounting, valuation reporting, pre- and post-trade compliance and front and middle office operations.

News

16.04.2014

Deutsche Börse and Thai exchange sign MOU to devleop markets

The Stock Exchange of Thailand  and Deutsche Börse AG signed an MOU to cooperate on developing markets between Thailand and Germany.


Regulations and Compliance

16.04.2014

UK's IMA "broadly positive" on MiFIR/D II, the PRIIP KIID and UCITS V

The UK-based Investment Management Association said it was "broadly positive" about agreements on MiFIR/D II, the PRIIP KIID and UCITS V, although it was sceptical as to whether the final text of MiFIR/D II would ensure efficiency and free and fair competition.

News

16.04.2014

ICE making changes to Singapore exchange and clearing house

ICE is renaming Singapore Mercantile Exchange and Singapore Mercantile Exchange Clearing Corporation as ICE Futures Singapore and ICE Clear Singapore and will be carrying out market and technology changes this year. The exchange group also announced a number of senior appointments.

News

15.04.2014

IOSCO report says corporate bond market beginning to fill financing gap left by banks and others

A report by IOSCO said that since the financial crisis, corporate bond markets were beginning to fill a gap left by bank and long-term/infrastructure financing as the search for yield fuelled issuance. 

People Moves

15.04.2014

BNY Mellon names Santilli to new Asia Pacific role as it expands its collateral services operation

BNY Mellon said it appointed Filippo Santilli as head of Asia-Pacific sales and relationship management for its Global Collateral Services business, a newly created role based in Hong Kong.

Regulations and Compliance

15.04.2014

In bid to reduce risks, Basel Committee sets standard for banks' large exposures

The Basel Committee on Banking Supervision published a standard on controlling large exposures, due to take effect in 2019, which is aimed at ensuring counterparty defaults don't threaten banks' survival and at reducing contagion risk.

Clearance and Settlement

15.04.2014

Clearstream takes key step towards Taiwan settlement link

Clearstream said it reached a key milestone for developing a direct settlement link to the Taiwanese market as it has opened an account with the Taiwanese Central Securities Depository.

People Moves

15.04.2014

BCS Financial Group names Hayden head of business development

BCS Financial Group said it appointed Max Hayden as its new head of business development.

Clearance and Settlement

14.04.2014

ICE Clear to introduce clearing of European sovereign CDS instruments

IntercontinentalExchange Group said ICE Clear Europe will introduce clearing for Western European Sovereign Credit Default Swaps on April 28, 2014, following receipt of regulatory approval.

News

14.04.2014

Blackstone, Goldman funds to acquire Ipreo

Workflow solutions provider Ipreo Holdings LLC said private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division had agreed to acquire it from affiliates of Kohlberg Kravis Roberts & Co. L.P., who will retain a minority ownership stake in the business. Terms of the transaction were not disclosed.

Mandates

14.04.2014

PGGM Vermogensbeheer appoints BNY Mellon for AIFMD depository services

BNY Mellon said it was appointed by PGGM Vermogensbeheer B.V., the investment management arm of Dutch pension fund administrator PGGM, to provide depositary services under AIFMD for assets valued at 14 billion euros.

Regulations and Compliance

11.04.2014

SIFMA survey says separate accounts don't pose systemic risk

Separate accounts managed by asset managers do not pose a systemic risk, according to a survey by the Securities Industry and Financial Markets Association. In a separate campaign, the group pushed for greater regulatory support for LEIs.

News

11.04.2014

Avox to go on hiring spree as risk/reporting demand fuels growth

DTCC-owned Avox said it planned to hire  more than 200 staff and double the number of employees  by end-2016 as risk management and regulatory reporting business gathers steam.

People Moves

11.04.2014

AIMA appoints three new members to governing council

The Alternative Investment Management Association, a hedge fund industry association, said it appointed three new directors to its governing body.

Clearance and Settlement

10.04.2014

Eurex Clearing gets EMIR green light

Eurex Clearing said the Federal Financial Supervisory Authority, BaFin, had authorised it as a clearing house in accordance with the European Market Infrastructure Regulation (EMIR), making it the fourth European group to get approval in recent days.

Clearance and Settlement

10.04.2014

Cross-product CCP can lead to big savings, study says

Eurex Clearing released a study that it said showed sell- and buy-side participants alike can substantially lower their capital and funding cost by actively pooling clearing business on an integrated cross-product CCP, with as much as 4-5 billion euros of incremental cost benefits to the European financial community.

People Moves

10.04.2014

BNP Paribas Securities Services appoints Placido, Cock to senior roles

BNP Paribas Securities Services said José Placido will become global head of sales and relationship management and Charles Cock will take on a new senior client executive role focused on key customer relationships, with both appointments effective at the start of 2015. 

Regulations and Compliance

10.04.2014

Basel Committee sets new standard for banks' capital requirements to CCPs

The Basel Committee published a final standard for calculating regulatory capital for banks’ exposures to central counterparties (CCPs), saying it showed how authorities could come together to achieve simple solutions for thorny problems.

Home-hero

10.04.2014

Innovation on the operational side: transparency and metrics

Adam Cox reports

Earlier this week, we heard from several executives on ways to be innovative on the operational side. In the second of our two-part series, we hear from them again on transparency, measurement, organisational issues as well as what they’re working on right now.

 

News

09.04.2014

Tough market for hedge fund service providers to continue, Woodbine says

The competitive environment for capital markets service providers shows no sign of abating, according to a report from Woodbine Associates that looked at mid-sized hedge funds with assets under management of $1-5 billion.

Search

Directory search

Search

News Bytes

ISS-MAG Publications

ISS-MAG Q1 2014

ISS-MAG Q1 2014

Presentation by Mathew Keshav Lewis of DTCC at ISS MAG Summit 2013

ISS-MAG on Twitter