Euroclear posts stable Q3 results amid €82m Russia-related costs
Assets under custody reached €42.5 trillion, marking a 2.4% sequential increase.
Alter Domus integrates £20bn Legal & General AM outsourcing mandate
Agreement covers services including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to additional asset classes and jurisdiction.
BNY posts quarterly securities services revenue of $2.4bn
Assets under custody/administration also reach high of $57.8 trillion.
Funds industry
UK’s FCA lays out tokenised fund regulatory framework
Report proposes guidance and rule changes to accelerate adoption of distributed ledger technology (DLT) in the funds space.
Custody
JP Morgan’s assets under custody cross $40trn for first time
Custodian also posts twelfth consecutive quarter of securities services revenue growth – extending a streak that began Q4 2022.
SS&C Technologies completes $1bn Calastone acquisition
Effective immediately, Calastone’s 250 employees will join SS&C Global Investor & Distribution Solutions.
Northern Trust appointed as global custodian by IFFEd
New partnership designed to bolster IFFEd’s financial infrastructure as it scales efforts to expand access to global education finance.
Regulation
ESMA proposes substantial settlement discipline revisions ahead of T+1
Proposals include requirements for machine-readable allocations and confirmations, and mandatory implementation of hold and release and auto-partial settlement for all CSDs.
‘The clock is ticking’: Two-year countdown to T+1 looms in Europe
With ValueExchange research in April revealing that 26% of firms surveyed indicated they would miss the target date, the UK Accelerated Settlement Taskforce is urging firms who have not begun preparing to do so now, reiterating that “rewards will be meaningful”.
Fund services round-up: Gen II, Apex Group, SS&C and more…
This week’s fund services round up features Gen II, Apex, Ocorian, SS&C, Waystone, Aztec Group, Abbey Capital, Suntera Global, Arysteq Asset Management, Carne Group, and Langham Hall.