Use of treasury management systems (TMS) by corporations and banks appears to have peaked, says a new research report from Greenwich Associates. The report says that use of treasury management systems by corporates and banks peaked at the end of
The London Borough of Greenwich Superannuation Fund has expanded a relationship with State Street, who inherited a partial role with the fund after acquiring Deutsche GSS, by appointing the American bank as its global custodian. The fund has over ?400
American International Group is buying General Electric's lossmaking GE Edison Life Insurance operation in Japan for $2.15 billion. AIG already owns ALICO Japan and AIG Star Life Insurance in the consolidating Japanese insurance industry, and the deal makes the giant
General Mills has modified its pension plan assumptions, moving the company's discount rate 150 basis points lower (a move that will increase plan liabilities, and is a direct reflection of the year over year change in rates for double A
Canadian corporate retirement funds are low on money and, like their American cousins, may have to draw on corporate cash flows to pay pensions, the Bank of Canada said on Wednesday. The central bank study cited reports suggesting more than
Pension accounting software specialists Euraplan have formed a joint venture with UBSi the developers of CAGe, a pensions governance solution to provide UK pension fund trustees, administrators, corporate finance departments, HR managers and external suppliers with management information relevant to
Canadian Finance Minister John Manley told the five largest banks in Canada RBC, Bank of Montreal, Bank of Nova Scotia, Toronto Dominion and the Canadian Imperial Bank of Commerce on Monday this week that they any plans for further consolidation
NeoNet, the institutional agency brokerage, has established a sales and representation office in Frankfurt to strengthen its sales efforts in Germany, Austria and Switzerland. "Frankfurt is a key financial center in Europe and NeoNet is committed to this important market,"
The consultation period for potential changes in legislation enabling non resident institutional investors in Japan to has closed, and change is now imminent. The Financial Services Agency (FSA) in Tokyo hopes revision to the requirements for $B F (Bqualified institutional
Japanese companies are rapidly shifting business structures to better monitor their operations by employing US style Corporate Governance systems designed to post outside board members on audit, executive pay and board member nomination committees. Or so says Yen custodian Mizuho.