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Transparency in Regulation, Trade Repositories and Securities Lending Data Management

By Dan Belluche, senior vice president and general manager, SunGard’s Loanet

The topic of transparency in securities lending has been discussed plenty in recent years, and different market participants have their own objectives and definitions: beneficial owners are interested in getting the best rate, intermediaries want to evaluate opportunities across rates and utilization periods, while regulators are increasingly looking past firm-level considerations to identify systemic risk. 

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.

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. 

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 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.

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 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.

b-next appoints Christoph Böhmerle as Head of International Projects

b-next announces the appointment of Christoph Böhmerle as International Projects and Business Development Manager. Mr Böhmerle will supervise all global projects and will work closely with the international sales teams to expand b-next’s footprint. 

Bravura Solutions appoints John Waddy to global executive role to oversee Sonata product delivery

Bravura Solutions Limited announces that it has expanded its executive management team with the creation of a new global product development role, responsible for the delivery of Sonata across EMEA and APAC. 

Full compliance still some way off as AIFMD authorisation deadline arrives

New research by BNY Mellon highlights a compliance shortfall among alternative investment funds on the eve of the deadline for Alternative Investment Fund Managers Directive authorisation.

Russia’s market takes a big leap forward

ISS Magazine Q2 2014 Issue.

In November 2012, the NSD was officially recognised as a central securities depository for Russia. The next year, 2013, became a special year for the Russian securities market infrastructure, as it was the first year of full CSD operations.

Fund manager concerns about AIFMD grow as deadline nears

As an important deadline looms, hedge fund managers are more concerned than ever that Europe's Alternative Investment Fund Managers Directive will have a negative impact on their industry.

Thomas Murray Data Services launches total risk solution for Depositary Banks under AIFMD

Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the AIFMD.

KDPW puts the focus on partnership

Regulatory changes mean KDPW is now able to offer services throughout Europe. CEO Iwona Sroka talks about what the group is doing to help market participants move with the times.

RiskSystem’s “Five Top Tips for AIFMD Risk Compliance” ahead of enforcement

Ahead of the news of AIFMD enforcement on Tuesday 22nd July, RiskSystem provides “Five Top Tips for AIFMD Risk Compliance” and assesses the impact the implementation will have on AIFMs.

Inalytics to provide Barnett Waddingham with fund manager evaluation

Inalytics announced that it has begun work with Barnett Waddingham to scrutinise the investment processes and performance of fund managers.

Marble House Capital appoints BNY Mellon as custodian for range of German funds

BNY Mellon has been appointed by Marble House Capital to provide custody services and related control functions to a range of portfolio funds and future retail alternative investment funds (AIFs) and special AIFs.

BNY Mellon receives AIFMD authorisation from the UK Financial Conduct Authority

BNY Mellon has confirmed it has received formal approval from the UK’s Financial Conduct Authority to provide trustee and depositary services to alternative investment funds under the Alternative Investment Fund Manager Directive.

Does your organization’s risk appetite mean you’re always on a diet?

by Roger Latham, managing partner, SunGard Consulting Services

The demand for regulatory compliance has no end in sight. Yet every new compliance burden seems to take us by surprise as we try to invent new ways to “minimize the impact.”  The current business mantra of doing “more with less” was coined long before we knew the extent and implications of satisfying multiple regulators and their multiple regulations. Each regulatory “imposition” eats into our budgets and ultimately leaves fewer resources on the table to do what we really want as an organization.

Raymond James goes live with GBST

GBST Holdings Limited, announces that its Syn~ application is now in production in Raymond James Financial’s Equity Capital Markets division.

Traiana expands CreditLink initiative

Traiana announces that it has extended the scope of its CreditLink service to include a kill switch capability for single dealer platforms in foreign exchange (FX) trading. Citi’s platform, Velocity, is the first single dealer platform to enhance its connectivity with CreditLink to support this new capability.

One-third of fund managers unprepared for 22nd July AIFMD deadline

An independent survey conducted by Confluence has found that with one week to go, respondents believe a third of the fund managers targeted by the AIFMD Transparency Reporting requirements are unprepared to meet the 22nd July deadline. 

Ex-regulators launch Newgate Compliance

Newgate Compliance has announced the official launch of its innovative and fully integrated compliance service. The announcement comes a week ahead of the deadline for authorisations under the Alternative Investment Fund Managers Directive on 22nd July.

Global Legal Entity Identifier Foundation appoints Stephan Wolf as CEO

The Directors of the GLEIF announce the appointment of Stephan Wolf as Chief Executive Officer. Wolf currently holds the position of Chief Technology Officer and Member of the Executive Board, Interactive Data Managed Solutions AG. 

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