Institutions that undertake “small amounts” of over-the-counter derivative activity have been given relief from trade reporting requirements, following an announcement from Finance Minister Mathias Cormann. more
The median growth superannuation fund has seen total return of 7.1% for the 11 months to the end of November, according to Chant West. more
While custodians face challenges to increase revenue while dealing with their own compliance issues, these banks also have some new opportunities to gain more business, and we may be at a “crossroads” in terms of the types of possible outsourcing, says Finadium. more
BNP Paribas Securities Services has agreed a new mandate in the Asia-Pacific (APAC) region with Liquidnet, whereby the custodian bank will provide Liquidnet with a suite of back office services. more
The Australian Institute of Superannuation Trustees (AIST) has urged the Senate to vote down proposed legislation that would remove requirements for employees’ superannuation contributions to be reported on their payslips. more
TWUSUPER has appointed BNP Paribas Securities Services as custodian and investments administrator. more
Assets under custody rose to just under AU$2.5 trillion in Australia during the first half of 2014, according to the Australian Custodial Services Association (ACSA). more
The Basel Committee’s proposed non-internal model method (NIMM) for calculating counterparty credit risk exposures is a departure from the current standard and groups trades in narrow hedging sets, according to Jean-Marc Schwob, product manager, Adaptiv, at Sungard. more
The superannuation system “is not operationally efficient due to a lack of strong price-based competition”, according to the final report of the Financial System Inquiry (FSI). more
AMP Capital has joined ASX’s mFund settlement service, placing six funds aimed at self managed superannuation funds (SMSF) on the platform. more
Prime Minister Tony Abbott has appointed Victorian Funds Management Corporation (VFMC) Chairman John Fraser as incoming Commonwealth Treasury Secretary. more
Trade execution firm BestEx will launch Block Event, a new equities trading venue, in early 2015. more
The La Trobe Financial/Fund Executives Association Ltd (FEAL) 2014 National Achievement Awards have recognised Sam Sicilia, chief investment officer of HOSTPLUS as CIO of The Year, and Nicholle Rantanent, chief operating officer of StatewideSuper, as COO of the year. more
What will be your firm's biggest challenge in 2015?
When President George W. Bush signed the Emergency Economic Stabilization Act of 2008 (H.R. 1424)...