The consultation period for potential changes in legislation enabling non resident institutional investors in Japan to has closed, and change is now imminent. The Financial Services Agency (FSA) in Tokyo hopes revision to the requirements for $B F (Bqualified institutional
Mainland China's asset management market will be bigger than Hong Kong as soon as next year. Or so say Cerulli Associates, who estimate that by 2004 retail assets under management in China will stand at US$26.7 billion, while in Hong
JASDEC, the Japanese CSD, will introduce delivery against payment (DvP) for non exchange transactions on 17 May 2004. It is astonishing to think that a major market such as Japan still lacks DvP in any areas of clearing and settlement,
Francesco Vanni d'Archirafi is to be the new head of Citigroup Global Transaction Services in Europe, Middle East and Africa. D'Archirafi is presently the Global Relationship Bank (GRB) Customer Group Executive for Europe. He joined Citigroup in 1983 as a
The securities lending matching platform, EquiLend, says the Abbey National Group has joined as a participant. Eqlend says the troubled British bank is the first UK domiciled bank to join. "As we broaden our focus outward in this new phase
Syntegra says HSBC has gone live with its latest voice trading technology at the bank's main trading floor in Hong Kong. 256 Foreign Exchange, Money Markets and derivatives traders at 1 Queens Road Central are now using Syntegra's IP ready
DST International (DSTi) has signed a strategic alliance agreement with Princeton Financial Systems. Princeton is a subsidiary of State Street, with which DST has joint ventures in fund administration on both sides of the Atlantic. The deal means Princeton can
The consolidation of the market infrastructure in Korea made further progress with news that the Korea Stock Price Index (KOSPI) Futures and Options business will move from the Korea Stock Exchange (KSE) to the Korea Futures Exchange (KOFEX) from 1
The Depository Trust & Clearing Corporation (DTCC) today congratulated itself on processing the largest municipal bond underwriting in its history a $10.965 billion bond from the State of California. It comes just a week after DTCC closed the second largest
Japanese companies are rapidly shifting business structures to better monitor their operations by employing US style Corporate Governance systems designed to post outside board members on audit, executive pay and board member nomination committees. Or so says Yen custodian Mizuho.