BBH is looking to catch latecomers struggling to meet the November deadline set by SWIFT for conversion to ISO 15022. " With the November 2002 deadline fast approaching, Infomediary's technology is in place to act as a SWIFT gateway, serving
The merger of Euroclear and CREST appears to be another step towards the ultimate goal of creating a single CSD for Europe. Both Euroclear and CREST successfully service certain segments of the market today and like any merger, the expectation
Congratulations Sir Nigel Wickes. At last someone has had the courage to make the first bold step. If London is to maintain its premier and dominant role in Europe it must bring Europe with it. So much rhetoric has come
The clearing and settlement world used to obsess about T+whatever. Once upon a time it was T+7 or T+5 and I suppose in what one could refer to as a dizzyingly deflationary spiral, nowadays we have T=3, and T+1 remains
As one who has been closely involved with the Crest Euroclear transaction over the last months, I have to admit to disappointment at the views you have expressed. The work of both Euroclear and Crest in finding a new paradigm,
Anyone with an ironic turn of mind will be amused by the disclaimer KPMG Consulting attached to the announcement of its upcoming quarterly results on 7 August "KPMG Consulting, Inc. is an independent consulting company, no longer affiliated with KPMG
I would say this is a great victory for both global custodians and Japanese subcustodians who worked closely to fend off NTA's demand to disclose ultimate beneficiaries. We both knew that NTA wanted to increase additional tax revenue and not
There was a limited sense of surprise when the National Association of Pension Funds (NAPF)welcomed the report into the future of pension provision in the UK by Alan Pickering. Pickering is, after all, a former chairman of the NAPF. Current
Corporate actions is the hottest topics in securities services today, and Boston based custodian and fund administrator Brown Brothers Harriman (BBH) has boarded the rolling bandwagon today with the launch of ActionWorld, a real time, web based system enabling clients
Deutsche Brse announced today that it had completed the acquisition of Cedel International, the owner of the other 50 per cent of Clearstream. All Cedel shareholders accepted Deutsche Brse's offer. Cedel shareholders received a total of Europs 1.76 billion euros