SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
Asset owners are seriously considering bringing their trading capabilities in-house, which could result in a shrinkage of assets managed for a fee by managers.
Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
The guide will provide investment managers a global perspective when thinking about their own best practices for outsourcing.
Broadridge Financial Solutions has acquired certain private fund regulatory reporting services from PivotDada and Sol Hedge.
HSS provides a new look to its global management team following the appointment of its two new global head's in September.