Fund managers are seeking to outsource dealing to third party providers as they diversify into new markets, asset classes and currencies, according to BNP Paribas Securities Services. more
The median superannuation growth fund gained 12.8% during the 2013/2014 financial year, according to Chant West. more
SunGard Australia has hired Grant Ives to the newly created role of director insurance solutions. more
Computershare will buy Homeloan Management Limited (HML) from Skipton Building Society in the UK for £47.5 million plus adjustments. more
Sydney will host Sibos 2018, New South Wales Deputy Premier and Minister for Trade and Investment Andrew Stoner has announced. more
There will be a surge in collateral management requirements and the number of margin calls is expected to increase five to ten times on present levels, according to BNP Paribas Securities Services. more
National Australia Bank (NAB) is “undertaking discussions” with global custody providers “regarding potential options for the future operations of the NAB Asset Servicing” custody business. 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
John Brogden will leave his post as CEO of the Financial Services Council (FSC) to become the new CEO of the Australian Institute of Company Directors (AICD). more
Although the Australian Securities and Investments Commission (ASIC) have done “a fantastic job” in regulating dark pools and high frequency trading (HFT), Australian investors should still be concerned that Australian brokers are not adequately disclosing conflicts of interest in the ways that they are directing trades, according to Phillip Weinberg, director and founder of BestEx. more
The Australian government is proposing mandatory central clearing of Australian dollar-denominated interest rate derivatives (IRD). more
The Government Employees Superannuation Board (GESB) has chosen Link Group to manage superannuation administration services. more
The Alternative Investment Management Association (AIMA) has named Michael Gallagher as general manager of its Australian national group. more
With the first phase of T2S implementation now less than one year away, how well prepared do you consider your organization to be?
When President George W. Bush signed the Emergency Economic Stabilization Act of 2008 (H.R. 1424)...
CURRENT ISSUESummer 2014