Euroclear stated the new solution will make tri-party a portable service offering, agnostic of the settlement and custody location.
The final phase would of enforced thousands have asset managers, hedge funds and insurers from September 2020.
Industry welcomes consultation paper which addresses which securities financing transactions will be reportable for incoming regulation, among other aspects.
The solution follows a partnership with AcadiaSoft’s Initial Margin Risk Suite for automating collateral management processes.
Broadridge looks to expand its front-to-back office services through its acquisition of collateral management and securities lending technology provider Rockall.
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event, next up: the candidates up for Best Asset Servicing Project.
BME works with Renta 4 Banco on proof of concept for collateral pledges and said it saw an 80% reduction in the total times of end-to-end processes.
Euroclear processed a record number of settled transactions over the year, equivalent to €791 trillion by value, an increase of 8%.