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Clearstream links with SMBC for JGB mobilisation

Clearstream and Sumitomo Mitsui Banking Corporation (SMBC) are joining forces to develop a collateral management service for their mutual customers. The aim is to enable mutual customers to consolidate their Japanese government bonds (JGBs) held across both institutions into a single pool to perform tri-party collateral management transactions with any Clearstream collateral receiver.

Clearstream reports that it, Citibank, N.A. (Citi) and Standard Chartered Bank have launched a customised, fully automated tri-party collateral management service.

Market abuse is expected to be one of the primary focuses of regulators in the coming year, according to a recent survey of nearly 300 finance professionals worldwide conducted by Kinetic Partners, a Division of Duff & Phelps, the global valuation and corporate finance adviser. 

Nordic corporate bank SEB comments on yesterday evening’s decision by S&P to downgrade Russia’s long-term foreign currency bond rating to junk, BB+, with a negative outlook. 

ETF assets across all channels increased by 17 percent and passed the $2.08 trillion mark in 2014, according to Frank Polefrone, senior vice president, Access Data, a Broadridge Financial Solutions company. 

Societe Generale Securities Services (SGSS) says it has launched a new website, Sharinbox, for corporations and their registered shareholders and employees who benefit from free share plans, stock options plans and other incentive schemes.

Fullgoal appoints Deutsche Bank custodian

ISITC Europe has announced the date of its annual conference, which will be held at The Tower Hotel, St Katherine’s Way, London, on 3 March 2015, in conjunction with ISS Magazine.

James Hay live on Calastone network

Calastone reports that James Hay Partnership, a platform for retirement wealth planning, is now live on Calastone's global transactios network.

Jean-Pierre Mustier joins Tikehau Capital

Jean Pierre Mustier, best known for his time at the Société Générale group, joined diversified investment firm Tikehau Capital as a partner at the start of this year. 

Scivantage names two new executives

Scivantage, a Global FinTech 100 technology provider of information-enabled software dedicated to transforming complex information and processes into intuitive user experiences for the financial services industry, has made two new appointments at the start of its 15th anniversary year.

 

Northern Trust, London Councils pioneer tax-transparent pooled pension fund

London’s boroughs and the City of London, working via London Councils, have worked with Northern Trust to ensure that London’s local government pensions funds are the first of 101 local government schemes in the United Kingdom to establish a tax-transparent pooled fund.

ECSDA maps dense network of CSD links

A dense network of links between central securities depositories has developed over the past few years, as shown by data collected in the second half of 2014, says the European CSD Association (ECSDA).

Xatart to dance to Calypso tune

Calypso Technology, Inc, a supplier of Capital Markets software solutions, has appointed Pascal Xatart as president.

First Derivatives and Fair Trading Technology in FX partnership

First Derivatives says it is partnering with Fair Trading Technology to provide  an integrated solution for retail brokers. 

Hedge funds see bright future

The hedge fund industry is upbeat about its future, if the results of a new global survey commissioned by State Street amongst 235  professionals are anything to go by. 

State Street explains 2014 financials

State Street's fourth-quarter and full-year 2014 results reflect strength across its asset servicing and asset management businesses, says Joseph L Hooley, its chairman and chief executive officer.

PLT welcomes FCA's first Libor fines

The public issuing of the first Libor fines by the Financial Conduct Authority (FCA) is a positive sign for the industry in achieving its goal of better transparency, argues Phil Beckett, partner at Proven Legal Technologies, a corporate forensic investigation and e-disclosure firm.

Basel Committee updates risk data, reporting adoption

The Basel Committee on Banking Supervision today issued a second progress report on banks’ adoption of the Committee’s Principles for effective risk data aggregation and risk reporting.

BCBS publishes 2015-16 programme

The Basel Committee on Banking Supervision has just published its work programme for 2015 and 2016, which is structured around four themes: policy development; ensuring an adequate balance between simplicity, comparability and risk sensitivity across the regulatory framework; monitoring and assessing implementation of the Basel framework; and improving the effectiveness of supervision.

 

Determined Draghi

Marino Valensise, head of the global multi asset group at Baring Asset Management, London, on the ECB QE programme.

 

Late Christmas present for low-volume CHAPS users

Low-volume users of CHAPS Co, the UK’s same day high-value payment system operator, find themselves opening a late Christmas present. CHAPS has halved participation fees by 50 percent for existing and prospective low-volume Direct Participants. 

Eagle releases white paper on performance book of record

Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, has issued a white paper outlining how investment firms can measure and attribute investment performance and perform risk analysis across their entire organisation.

Euroclear reports a record 2014

The Euroclear group has reported another year of what it describes as robust operating results in 2014; it reached the EUR 26 trillion mark for client assets held in safekeeping and reported an all-time high of EUR 633.6 trillion in the value of securities processed. It says these figures reinforce its pre-eminent role as the trusted provider of open post-trade infrastructure, market safety and operating efficiency. 

 

Manchester and London outline infrastructure plans

The Greater Manchester Pension Fund (GMPF) and the London Pensions Fund Authority (LPFA) report the joint allocation of up to £500 million to invest in infrastructure opportunities.

 

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