Settlement fails cited as major operational strain on banks’ middle-office teams
Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
Tag: Banks
Switching the utility lights back on
With a greater need to reduce costs, custodians may be looking to partnerships and collaboration, possibly under a utility model. But with a poor track record of achieving this due to competition issues, are securities services firms finally ready to band together for the greater good – and what areas of asset servicing could be primed for this move?
Banks plan to increase spend on post-trade infrastructure after failures in market volatility
Post-trade investment is set to surge as record derivatives trading volumes led to failures across sell-side post-trade systems earlier this year.
SIX launches front-office service to assess tax-related costs of financial products
The tool is designed to analyse the tax consequences of financial products, and is available to banks, wealth and asset managers.
Deutsche Bank chief predicts increased consolidation for banks in Europe
Christian Sewing, CEO of Deutsche Bank, echoed comments he made at the institution’s AGM on consolidation for banks in Europe in the medium-term.
European banks ask for one-year delay on ECBs T2-T2S consolidation plan
The associations said the industry would not be able to make the changes to adapt to the planned consolidation of T2 and T2S by November 2021.
SGSS reshuffles leadership for banks and broker-dealer sales
SGSS has promoted two of its senior sales executives to lead strategy and relationship management for two key client segments.
Banks exchange $1 trillion of collateral in 2019 from uncleared margin rules
Initial margin collected by phase one firms for their non-cleared derivatives totalled $173.2 billion, an increase of 10% compared to year-end 2018.
Open post-trade platforms emerge as a viable option for banks, finds report
Open platforms have emerged as a cost-effective solution for banks that are updating and realigning their technology stacks in the wake of increased regulatory compliance.
Banks commit to the UK, but wary of volatility
Despite some talk of banks relocating jobs, most seem committed to their long-term future in the UK.