ABN AMRO claimed today to have signed fourth party Continuous Linked Settlement (CLS) services mandates with Indian financial institutions representing more than 50 per cent of the Clearing Corporation of India's (CCIL) member organistions. This announcement follows the award of
State Street has been appointed custodian to the Weir Group pension fund in the UK. State Street will provide global custody, fund accounting, foreign exchange and cash management services for The Weir Group's £400 million pension fund. WM Company, State
RBC Global Services has teamed up with ADP Investor Communications Services to offer electronic proxy voting capabilities for the UK market. This new agreement will ensure a more secure, transparent and efficient transfer of proxy information between registered stockholders and
State Street says Mitsubishi Trust and Banking Corporation (Mitsubishi Trust) will provide liquidity to FX Connect), its multi bank electronic foreign exchange trading system distributed via the Global Link network. Simon Wilson Taylor, head of Global Link at State Street
RBC Global Services has appointed ADP Investor Communications Services, as its electronic proxy voting service provider in the UK market. The service aims to ensure a more secure, transparent and efficient transfer of proxy information between registered stockholders and CREST.
The Bank of New York has been re selected by the Treasurer of the State of Ohio to provide global custody and foreign exchange services for the State Teachers Retirement System of Ohio's $12 billion in global assets. Patrick E.
Computershare Limited UK today has acquired a further 15% stake in the National Registry Company (NRC), one of Russia's leading registrars, taking its total holding in the company to 45%. Computershare acquired the stake from the International Finance Corporation, and
An advisory panel to the Minister of Justice in Japan has recommended a revision of the commercial code to simplify merger and corporate spin off procedures in Japan. Implementation, which is expected in 2006, aims to speed up the restructuring
State Street says its Investor Confidence Index has dipped in June. According to the index, investor confidence declined by 6.4 points to 85.5, from a revised May 2004 reading of 91.9. Developed by Harvard University professor Ken Froot and Paul
Michael Alix, chair of the Securities Industry Association's Risk Management Committee and senior managing director, Bear Stearns, told the House of Representatives Financial Services' Subcommittee on Financial Institutions and Consumer Credit that Basel II is a good thing. The CSE