The Bank of New York announced today that its clearing subsidiary, BNY Clearing Services LLC, , has been selected to supply fully disclosed correspondent clearing services to Itau Securities Inc. and BBA Icatu Securities Inc. Both firms will clear through
Despite being up for sale, Deutsche Bank Global Securities Services (GSS) remains determined to pursue business as usual. Today, it launches Db Instruct, a web based, interactive settlement instruction entry tool designed to reduce operational risk and take end to
In focusing on the need to stabilise employer costs and administrative burdens, the Pickering report on pensions has failed to come up with a blueprint which will restore consumer confidence in private pension schemes, says the Association of Chartered Certified
The Bank of New York (BNY) announced today that the State of Iowa has chosen the bank to service its financial assets. The Bank will provide compliance reporting, custody, performance measurement, and securities lending for $16 billion in assets for
JPMorgan Investor Services announced today that INVESCO Asset Management Ltd., part of AMVESCAP Group, is using JPMorgan's Trade Settlement Tracking and Relative Ranking System (JPMorgan's TradeS.T.A.R.R.SM) to measure the operational efficiency of its brokers. S.T.A.R.R. is a web based software
Currenex, the online currency exchange, today announced the launch of a loan and deposit trading capability, combining both money market and foreign exchange asset classes on the same service Currenex says this makes its platform the first to expand into
BBH is looking to catch latecomers struggling to meet the November deadline set by SWIFT for conversion to ISO 15022. " With the November 2002 deadline fast approaching, Infomediary's technology is in place to act as a SWIFT gateway, serving
I would say this is a great victory for both global custodians and Japanese subcustodians who worked closely to fend off NTA's demand to disclose ultimate beneficiaries. We both knew that NTA wanted to increase additional tax revenue and not
There was a limited sense of surprise when the National Association of Pension Funds (NAPF)welcomed the report into the future of pension provision in the UK by Alan Pickering. Pickering is, after all, a former chairman of the NAPF. Current
Corporate actions is the hottest topics in securities services today, and Boston based custodian and fund administrator Brown Brothers Harriman (BBH) has boarded the rolling bandwagon today with the launch of ActionWorld, a real time, web based system enabling clients