JP Morgan posts 9% rise in securities services revenue to reach $1.3bn in Q2
The total marks the second consecutive quarter in which the securities services unit has posted a record revenue total.
Custody
BNY surpasses $50 trillion milestone in assets under custody and administration
Coveted target reached for BNY, six years after becoming the world’s largest custodian, in a quarter where the bank also posted a record for fee revenue.
Inside the UK’s blueprint for the move to T+1 settlement
Some lessons have been learnt from the US, while in other ways the UK will blaze its own trail with regards to supervisory and adjacent practices such as FX and lending. Claudia Preece reports from an exclusive roundtable discussion with the chair of the UK Accelerated Settlement taskforce, Andrew Douglas.
State Street continues to signal LatAm ambitions with expansion into Mexico
New regional sales head Latin America and Caribbean will be based in Mexico City in move which follows a series of wins in the region for State Street.
Standard Chartered mandated as custodian by Fuh Hwa SITE Asset Management
Standard Chartered will provide a suite of fund and services to the Hong Kong-based fund manager.
BNP Paribas securities services and Pirum collaborate to enhance collateral management for mutual clients
This collaboration will provide mutual clients with automated visibility, efficiency, and transparency across securities lending, repo, and OTC derivative transactions.
BNP Paribas exec hired as Euronext Securities head of European expansion
The executive has served at BNP Paribas securities services just under two decades
Clearstream picks up fund execution and distribution mandate from Spuerkeess
The Luxembourg-based bank will utilise Clearstream’s trade dealing and execution platform, Vestima, in addition to a range of fund services.
Technology
New tech, old problems: Tensions rising within securities services over roadmap for DLT infrastructure
Experts are stressing that the securities services industry must be cautious with new digital technologies to avoid recreating the inefficiencies and fragmentation of traditional finance systems.
UK’s digital securities sandbox has second mover advantage following the EU’s DLT swing and miss
A year and a half after the EU’s DLT Pilot regime launched, interest has finally arrived with institutions on the cusp of being authorised; yet the UK is still taking lessons from the muted response with its own digital securities sandbox approach.