Group of CSDs and CCPs re-evaluate data protection as cyber threats evolve
Industry working group identifies opportunities to better protect financial market infrastructures’ data in case of cyber-attacks.
News
Northern Trust invests in behavioural analytics FinTech as part of Whole Office strategy
Latest FinTech investment for Northern Trust combines data analytics and specialist behavioural coaching to provide a feedback loop for active investment decisions as custodians continue to collaborate.
State Street’s Collateral+ business integrates with Acadia for UMR compliance
The integration will enable clients to comply with Unclear Margin Rule regulations, via Arcadia’s services.
ABN Amro joins Paxos blockchain settlement service for US equities
European bank becomes the sixth broker-dealer to join the service, which already includes Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush.
JP Morgan bolsters US direct custody team with hire from Deutsche Bank
Addition of industry veteran follows appointment of head of direct custody for the Americas last month.
ICMA sets sights on developing guidance for repo and sustainability
Association looks to spark action on conversations around sustainability in the repo market after consultations.
Apex Group launches carbon footprint assessment and reporting service
Service allows major sources of emissions to be identified and managed, while still aligning with the reporting requirements of key standards and regulations.
ISLA launches clause library and taxonomy to bring standardisation to the securities lending industry
Securities lending association has spent the last year working with the industry to produce a business outcome-driven legal library.
Southbound trading under Bond Connect to go live next week
Regulators give the green light to a Southbound Bond Connect channel, connecting Mainland China investors to the Hong Kong bond market to encourage outbound investment.
Regulation
Fireside Friday with… Citi’s Sean Tuffy
Nobody has their finger on the pulse when it comes to regulatory issues quite like Citi’s head of market and regulatory intelligence, securities services, Sean Tuffy, who discusses with Global Custodian what market participants should watch out for in the fourth quarter of this year and beyond.