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S&P won’t alter ratings for State Street


20 July 2012 Massachusetts
Reporter: Georgina Lavers

Standard & Poor's Ratings Services today said that its ratings on State Street are not affected by the company's solid second-quarter earnings, which reflect flat fee revenue...
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Broadridge releases white paper for mutual fund nominees


17 July 2012 London
Reporter: Mark Dugdale

Broadridge Financial Solutions's industry white paper explores UK market views on the specific requirements set out in Chapter 5 (investing in authorised funds through nominees) of the Retail Distribution Review (RDR)...
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BNY Mellon address OTC inconsistencies


13 July 2012 New York and SIngapore
Reporter: Georgina Lavers

The transformation of OTC derivatives markets globally is having a substantial impact on how derivatives are used, according to a BNY Mellon report...
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Finadium surveys asset managers


12 July 2012 Massachusetts
Reporter: Mark Dugdale

Securities and investment research firm Finadium has released a report that identifies current concerns and future trends across custody, securities lending and collateral management...
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SocGen has ISAE certification for KIID production


12 July 2012 Paris
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) has obtained ISAE 3000 certification of its systems of control for the production of Key Investor Information Documents (KIIDs), the service it launched in November 2010 aimed at asset managers...
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J.P. Morgan integrates teams ahead of regulatory reform


11 July 2012 New York
Reporter: Mark Dugdale

J.P. Morgan has integrated the teams responsible for brokering client derivatives and securities trades with those that look after the back office aspects of those trades in response to regulatory reforms...
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DTCC sees end of physical certificates


11 July 2012 New York
Reporter: Georgina Lavers

The Depository Trust & Clearing Corporation (DTCC) today outlined a proposal to fully dematerialize the US financial services industry, helping reduce the costs and risks associated with existing physical securities...
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Malta Stock Exchange to use Deutsche Börse


11 July 2012 Malta
Reporter: Georgina Lavers

The Malta Stock Exchange (MSE) migrated its electronic securities trading to Deutsche Börse’s Xetra trading system on Monday. Xetra trading participants can now use Deutsche Börse’s infrastructure...
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Chinese bank licenses XSP product


10 July 2012 New York
Reporter: Georgina Lavers

Industrial and Commercial Bank of China Financial Services (ICBCFS), a wholly owned subsidiary of ICBC Limited has licensed XSP’s newest product, XSPrisa...
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Euroclear UK & Ireland reduces fund fees


09 July 2012 London
Reporter: Georgina Lavers

Euroclear UK & Ireland (EUI) has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect...
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KB associates appoints senior to Luxembourg


05 July 2012 Luxembourg
Reporter: Georgina Lavers

KB Associates has chosen Bjørn Barbesgaard as a senior consultant in Luxembourg. Barbesgaard will be responsible for advising asset managers on the establishment of funds in Luxembourg...