Global Investor Services (GIS), a division of HSBC Bank PLC and part of HSBC Securities Services (HSS), has been upgraded to "AA" overall rating (with a stable outlook) for public global custody by Thomas Murray, a specialist custody rating, risk
According to IDC's European Vertical Market survey, a large number of banks are already using Web services technology, while other financial services companies are working to implement the technology over the next two years. The insurance industry, however, is lagging
State Street Corporation has opened a Milan office located at Via Turati, 16 18. State Street opened in Milan as part of its acquisition of Deutsche Bank's global securities services business in July 2003, and marked the official opening of
The Korean Financial Supervisory Service has recently revised the requirements for shareholder disclosure reports, and repeated violators and those failing to file reports will face harsher fines and penalties. As of April 1, the FSS' electronic disclosure system Data Analysis,
The Bank of New York has been selected by Hannover Rueckversicherung AG (Hannover Re) as successor depositary for its American depositary receipt (ADR) program. Each Hannover Re ADR represents one ordinary share of the company. The company's ordinary shares trade
Making the announcement today at the National Association of Pension Funds' Annual Investment Conference in Edinburgh Guy Jubb, Head of Corporate Governance, Standard Life Investments said that Standard Life Investments had always had a constructive dialogue with listed companies and
Carr Futures has appointed Fortis Bank Information Banking as their settlement agent for the Euronext derivatives markets. With the launch of C21 Derivatives on Euronext in September 2003, Fortis Bank Information Banking has introduced a new service for derivatives clearers
UK finance minister Gordon Brown has gone ahead with his plan to simplify the taxation of pensions in the UK. In his annual Budget, presented to Parliament today, he replaced all eight pensions tax regimes with a single regime, to
Normalisation of US interest rates is likely to lead to a correction in emerging markets in 2004, says Pictet Asset Management. Economic reforms and improved fiscal positions mean that the scale of any interest rate rise will be less severe
Brown Brothers Harriman (BBH) Foreign Exchange says it is making its global currency research and analysis available to clients via the BLOOMBERG PROFESSIONAL service. "This new offering allows us to extract more value from Bloomberg, enabling existing and potential clients