The institutional investors roadmap to investing in Africa
Market participants gave their views on some of the core issues facing investors in frontier economies across Africa at Fund Forum Africa. But what were they?
Derivatives
African banks choose Thomson Reuters’ KYC system
The Org ID system is designed to enhance customer profiling and KYC requirements.
South Africa in T+3 settlement launch
The T+3 initiative will replace the existing T+5 settlement cycle
Middle East banks in $175 billion merger
The merger will create the largest bank in the UAE region.
Credit Suisse outsources post-trade derivatives operations to FIS utility
Credit Suisse has become the latest bank to outsource its post-trade derivatives operations to a utility operated by FIS.
EU frontloading requirement kicks in for asset managers
Certain fund and asset managers have begun the frontloading requirement set out in the European derivatives clearing rules.
LCH launches new portfolio margining service
LCH has launched a new portfolio margining tool for interest rate derivatives, aimed at providing collateral efficiencies to the market.
ICE develops repo-style rate futures
IntercontinentalExchange (ICE) is set to launch new interest rate futures contracts which allows short-term financing.
EC’s Hill to review clearing and capital disputes
The European Commission’s head of market infrastructure will look to tackle disputes surrounding the clearing rules and incoming capital requirements, as part of a wider sweep of post-trade reforms.
HSBC launches OTC clearing collateral service
Automated collateral management will be key under G20 swap clearing rules, due to come into effect for most firms in December this year.