European Commission ends uncertainty over SFTR by adopting rules
The go-live date for the regulation is set for Q2 2020 after the EC formally adopted the measures.
News
BNP Paribas Securities Services wins $600 million global custody mandate
BNP Paribas will provide CMC Markets with custody and settlement services for its trading activities across 11 countries.
Clearstream sets out aim of full T2S custody service for 2019
Clearstream recently underwent an organisational restructure and combined its sales, relationship management and client services activities into one joint division.
Citi’s former head of Hong Kong securities services joins HKEX
Cindy Chen will oversee the post-trade business development team, as well as the blockchain project HKEX is working on with Digital Asset.
SWIFT CEO to step down in June 2019
Search for a new chief executive begins after Gottfried Leibbrandt announces intentions to leave SWIFT next year.
Iberclear to launch cross-border custody and settlement
New cross-border custody and settlement service to act as a single gateway to TARGET2-Securities (T2S) and international markets.
Global asset managers bet on emerging technologies to meet growth targets
State Street survey finds that 68% of institutional investors are concerned about hitting growth targets in the current market climate.
Societe Generale wins securities services mandate from sustainability-focused US asset manager
French custodian bank continues streak of mandate wins with latest custody and fund admin deal.
Risk survey shows growing Brexit concerns, while worries over cyber risk and regulatory impact fall
DTCC finds that half of respondents believe Brexit will pose a threat to the broader economy, as concerns about cyber risk and regulation ease.
State Street lures US securities veteran for new global client division
The new division will focus on delivering cross-enterprise solutions and insights into the company’s global and most complex clients.