The strategic policy director at the UK pensions regulator, the Occupational Pensions Regulatory Authority (Opra), has been elected President of the OECD sponsored International Organisation of Pensions Supervisors, (IOPS). John Ashcroft will serve as President for one year. IOPS was
SunGard says the Fixed Income Clearing Corporation (FICC) says that its STN Settlements interface management service has completed testing for the DTCC owned FICC's corporate, municipal and unit investment trust division's real time trade matching service. STN Settlements's fixed income
The number of US corporate treasurers concerned about regulatory compliance increased from 5% in 2003 to more than 30% in 2004. Polled about the key issues they currently face, corporate Treasurers put regulatory compliance, primarily Sarbanes Oxley, at the top
Linedata Services says Norwich Union Life has extended its commitment to Icon Retail its retails funds transfer agency system for another five years. Norwich Union Life, part of the Aviva Group, has 250 Icon Retail users for the administration of
Managed Objects says that Allied Irish Banks (AIB) has bought some software from it. The software is called Formula. According to John Stuart Trainor, Senior Manager, Enterprise Technology, at AIB, the bank will use Formula to "protect our business by
Misys Wholesale Banking Systems has signed a partnership Stefanini IT Solutions, an IT consultancy in South America. The contract covers the distribution and development of Misys's financial software and services in Brazil. Under the terms of the agreement, Stefanini have
Brown Brothers Harriman has launched a trio of new and improved information services that use data drawn from its sub custodian network. QuickIntelliViews aims to provide answers to the most frequently asked market intelligence questions in a concise, user friendly
The three main insurers in South Korea's $55 billion insurance market are facing growing from local firms acquired by foreign buyers such as ING Group, Prudential and MetLife, according to a Reuters report. The foreign players claim a 32.1 per
GL TRADE, the Paris based supplier of trading technology, says its first half turnover of EUR72.8 million was up 16.5% on last year. This includes the activities of Misys Securities Trading Systems (MSTS) and GLESIA, acquired towards the end of
ABN AMRO has become a General Clearing Member of the Italian Derivatives Market (IDEM). The IDEM membership means that ABN AMRO will now be able to provide direct clearing capability coupled with execution services ranging from electronic self execution to