Bank of England launches post-trade task force to tackle outdated systems
The report from the UK central ban found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.
The report from the UK central ban found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.
The project aims to analyse current post-trade mechanisms in EMDCs and come up with a set of best practices for local market regulators.
The decision from the European Commission means the rules will come into force from 3 September 2020.
Major partnership will provide mutual buy-side clients a real-time settlement solution, in the first of a series of ongoing front-to-back integration points between the two firms.
The US post-trade infrastructure has launched two new projects that will advance its digitalisation programme and further develop its adoption of new technologies.
The new office will enable BNP Paribas to offer institutional clients a complete pan-Americas fund services solution.
The impact of the COVID-19 crisis on operations could stimulate work towards a digital post-trade framework between regulators and securities services firms.
The new combined platform will give asset managers further transparency into their transaction lifecycles with a consolidated view of FX settlement data across accounts.
Deal for VP Securities will give the European exchange group a CSD presence in the Nordics and boost its post-trade offering.
Migration to LSEG’s clearing and risk technology platform Millennium will reduce end of processing time for market participants.