Roman Regelman to leave BNY Mellon
One the most influential figures in securities services departs BNY Mellon after five years leading the custodian’s digital endeavours and asset servicing units.
Slovak securities are now eligible for settlement in Target 2 Securities (T2S) via Clearstream’s German CSD.
On its way to amassing $1 trillion in assets under administration, MUFG Investor Services honed in on the alternatives space and believes it sits in a unique position within the field, through its credit rating, balance sheet and banking products, while being almost exclusively alts focused.
Pardeep Cassells, head of buy-side customer experience at AccessFintech, looks beyond the 28 May implementation date, painting a picture of what life may look like in a T+1 world for market participants. A free report on the research is available to download, with the findings to be explored by a panel of esteemed subject matter experts on a webinar in April.
Appointment who had been with BNY Mellon, HSBC and Deutsche Bank will be responsible for evolving the unit’s product strategy.
Roll-out will be staggered in strategic phases over the coming months, with the full integration across pricing, execution and lifecycle management targeted for a Q3 2024 launch.
GPIF will implement modifications to its lending rules, allowing it to retain temporary control over share certificates while facilitating loans.
Vikesh Patel, president of Cboe Clear Europe, sheds light on Cboe Clear Europe's strategic approach, emphasising three key areas of focus: expanding coverage and interoperability, enhancing derivatives clearing services, and launching a Securities Financing Transactions (SFT) clearing service to meet regulatory requirements and deliver efficiencies.
BNP Paribas securities services will be supporting Phillip Capital Management, in collaboration with China Universal Asset Management (CUAM), which has just launched the ETF.
The move will affect normal cash transactions (stocks and bonds) in the market, while T+0 immediate cash operations will continue to be carried out in BYMA without modifications.
A new report from EFAMA estimates that roughly 40% of daily FX flows – representing between $50-70 billion - will no longer be able to settle through the CLS platform, resulting in increased risks.
SGSS moves to retire the PAREL brand and deliver clearing, settlement and custody through an integrated model.
The study took perspectives from 500 global C-suite and senior executives across the buy-side and sell-side, taking a look into the catalysts driving the industry’s technology modernisation.
A range of factors will contribute to that growth, the custodian said, including continued innovation and expanded availability within the sector.
Under this partnership, Clearstream will have access to all transaction data through a single window, integrating data from various sources including legacy systems.
The T+1 service aims to support clients impacted by the upcoming T+1 settlement deadline set forth by the US Securities and Exchange Commission (SEC) slated for 28 May 2024.
Landmark pilot from Digital Asset’s Canton Network involving BNY Mellon, Northern Trust and State Street along with 42 other organisations across 22 permissioned blockchains has demonstrated interoperability and provided distributed ledger applications for asset tokenisation, repo and securities lending, among other functions.