Regulation November 8, 2018 12:24 PM GMT
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
Regulation August 3, 2018 12:56 PM GMT
The investigation follows the recent $75 million settlement Deutsche Bank agreed to pay to the SEC for improper handling of pre-released ADRs.
Regulation July 23, 2018 9:45 AM GMT
The German bank will pay the settlement after its US subsidiaries were charged with improper handling of “pre-released” ADRs.
July 19, 2018 1:14 PM GMT
In January this year, former JP Morgan, State Street and Citi fund services veteran Chris Meader set up a new association for administrators, in a bid to promote collaboration and the sharing of ideas. He speaks to Global Custodian about the motives behind the association and what he is hoping to achieve.
Technology April 23, 2018 1:13 PM GMT
The upcoming rule changes will involve a dramatic increase in the amount of data reported by mutual and exchange traded funds.
Technology May 19, 2017 8:32 AM GMT
New York-based FinTech firm petitions for regulation of blockchain and digital based-assets.
Fund Administration May 5, 2017 8:15 AM GMT
Northern Trust will partner with Donnelly Financial Solutions to increase automation of data required under SEC rules.
Market Infrastructure May 3, 2017 5:54 AM GMT
The DTCC’s FICC subsidiary has received approval from the SEC to expand central clearing in the repo market.
Market Infrastructure March 23, 2017 6:35 AM GMT
Various global markets have made attempts to shorten their settlement cycles in recent months and the US has now followed suit.
People Moves November 15, 2016 10:19 AM GMT
Mary Jo White will step down from US regulator after three years in the role.