Cable & Wireless claims to have signed up a number of banks to its Real Time Nostro (RTN) service during the first half of this year, as users or providers of data. Royal Bank of Scotland and Santander Central Hispano
Foreign insurance companies are relative small players in China's insurance market, but they are cherry picking the country's wealthiest clients at the expense of China Life and smaller state run foe Ping An Insurance, which still control a combined 76
The Canadian Capital Markets Association (CCMA) has published its response to the US Securities and Exchange Commission's (SEC) concept release on securities transactions settlement.
The Institute of Financial Services (ifs) says Ron Sandler has been nominated to become its next president from October this year. Widely known in London for his independent review of the long term savings industry in the UK, Ron Sandler
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired a new Quantitative Trading team in London. The team consists of Zafrul Bhuia, who joins as a Director and team leader Daniel Clarke, who joins as a
Small investors in Denmark can now make a personal contribution to the further dematerialisation of the securities markets by opting not to receive notification of changes when bonds are drawn. An amendment to the Danish securities legislation taken at the
The Reserve Bank of New Zealand and Wachovia Securities are among the new customers of TIBCO Software. As a result of re entering the financial services sector with direct sales into financial services organizations since its break with Reuters, TIBCO
RiskMetrics Group says a group of private equity investors led by Spectrum Equity Investors has agreed to recapitalize the company. Under the terms of the recapitalization, Spectrum Equity Investors and General Atlantic Partners along with Technology Crossover Ventures will invest
The Bank of New York is offering its treasury management clients new electronic collection and disbursement capabilities that it says will "significantly streamline the bill paying process for businesses and the consumers they serve." The new service aims to give
The Securities Industry Association reaffirmed its support of the Security and Exchange Commission's efforts to improve the safety and operational efficiency of the US clearance and settlement system. By achieving the goal of straight through processing the automation of the