Godfried De Vidts has added yet another task to his bulging portfolio of jobs. The chairman of the European Repo Council, who day job includes running the money markets and financing desks at Fortis Bank in Brussels as Global Funding
The SEB subsidiary in Lithuania, Vilniaus Bankas, has been honoured by the Lithuanian Central Securities Depository (LCVPD) for holding the largest portfolio in custody, the largest portfolio in custody for foreign clients, and as the largest participant in the CSD
Sun Microsystems and Brixlogic, a provider of industry standard web services technology for the financial services industry, have joined forces to provide integrated solutions for the ACORD messaging standards in the insurance industry. ACORD is a global, non profit insurance
Wombat, a provider of technology for market making systems, electronic trading floors and tick capture platforms, has opened a new development center in Northern Ireland. Initially staffed by three developers, plans are in hand to add 20 more engineers and
On Friday (28 May) the NOREX Exchanges Stockholm, Oslo, Copenhagen and Reykyavik experienced technical problems that affected members trading on the cash market. The markets closed down shortly after 12 noon CET, and trading did not resume until 14 15
Tax exemptions on German life insurance policy payouts are set to be scrapped from 2005, junior Finance Minister Barbara Hendricks said on Wednesday. The government has wanted to scrap the privileges on life insurance policies as part of a wider
The operational training and competence examinations administered by the London based Securities Institute are to be reviewed as part of a shake up of training in the UK financial sector following the establishment by the Financial Services Authority (FSA) the
The Luxembourg authorities have adopted a new law on venture capital and private equity investment companies that creates a new type of entity the Socit d'investissement en capital risque," or SICAR which provides an alternative to the Anglo Saxon limited
The National Bank of Hungary has increase d its 50% stake in KELER, the Central Depository and Clearing House, by 5% to 55% following a transaction with the Budapest Commodity Exchange (BCE). The central bank previously announced that it intended
RBC Global Services has announced a four week fee amnesty for the deposit of physical securities held by our Canadian subcustody clients without incurring the normal out of pocket transfer and deposit costs. This exclusive program begins June 2, 2004