A defense of the FSA’s policy; that custodians must be able to provide information on client assets in 48 hours in the case of the firm going bust – has been taken up by Ian Stott, client services director of the Consulting Consortium...
London took first place in the latest Global Financial Centres Index, with Jersey retaining its position as the highest rated offshore international finance centre...
FASB revised its standards for repo agreements in 2011 as a response to the use of ‘Repo 105’ transactions by Lehman Brothers, and now the board have decided to add a new agenda item after the collapse of MF Global...
22 March 2012Connecticut Reporter: Georgina Lavers
Hartford Financial Services group has shut down its annuity business, pursuing a sale or other options for its individual life insurance, retirement plan and broker-dealer businesses...
21 March 2012US and London Reporter: Georgina Lavers
Financial software services provider Misys has agreed to Vista Equity Partner’s £1.26 billion bid, with its board telling shareholders the 350 pence-a-share cash deal is: ‘unlikely to be bettered’...
BNY Mellon and State Street are being swapped out for J.P. Morgan and Citigroup as custodians of international investments for four Ohio pension funds, state treasurer Josh Mandel said...
