HSBC agrees sale of fund administration business in Germany
Latest sale of European business unit, with €430 billion in assets under administration, marks a continuation of the custodian’s simplification strategy.
BNY selected to custody Ripple’s stablecoin reserves
The custodian will also provide its transaction banking services to underpin RLUSD’s operations.
Cleaning out the notebook: Key takeaways from The Network Forum in Madrid
Global Custodian looks back over the key talking points from an informative few days in the Spanish capital.
Custody
Russian sanctions removal will be ‘absolute nightmare’ task for custodians
Geopolitical risk and operational resiliency have been the key themes of The Network Forum’s annual meeting in Madrid, where speakers cautioned that significant disruption lies ahead.
EU reaches consensus on T+1; high-level report to be delivered end of June
Giovanni Sabatini, independent chair of the EU T+1 industry committee, provides the latest update at The Network Forum in Madrid.
Euroclear rolls out AI service for European CSDs
The platform, built in collaboration with Meritsoft and Taskize, is designed to accelerate the resolution of matching and settlement issues.
Clearstream appointed Euronext Clearing’s triparty agent in new tie-up
Market infrastructure provider will handle the collateral selection, valuation and substitution for Euronext, acting as an independent third party.
CACEIS appoints experienced exec as ETF group product manager, Ireland
Incoming appointment brings a wealth of experience to the role, having held senior roles at BBH, BNY, HSBC and Citi.
Robin Vince elected chairman of BNY’s board
Unanimous vote will see the current CEO lead the work on setting the agenda for the board.
US regulators push Form PF compliance deadline to October 2025
Extension has been actioned to provide firms with more time to test for compliance with the updated form, the SEC says.