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BCBS proposes action on “window dressing” in G-SIB reporting


07 March 2024 Switzerland
Reporter: Bob Currie

Basel Committee considers requiring banks falling into scope of the Global Systemically Important Bank (G-SIB) framework to report G-SIB indicators based on average values over the reporting year, rather than by using year-end values
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Socium Fund Services partners with GRMA


07 March 2024 US
Reporter: Jack McRae

The partnership will combine Socium’s fund administration with GRMA’s SaaS-based technology to offer its solution for private fund clients
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Caceis adds PRIIPS reporting service


07 March 2024 Europe
Reporter: Jack McRae

The service is designed for Caceis’ clients in the private equity real estate solutions business and is available via their marketplace, Connect Store
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Circulate Capital appoints SS&C as fund administrator


07 March 2024 Singapore
Reporter: Jack McRae

Founded in 2018, Circulate Capital aims to advance the circular economy, fight climate change and prevent the flow of plastic waste into the ocean in high-growth markets
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DTCC completes first phase of corporate actions pilot


06 March 2024 US
Reporter: AST

The first phase of the pilot, completed in December 2023, tested new inbound automated messages for processing corporate actions. Phase 2 is scheduled to start in Q3 2024, where participating firms will test a modernised corporate actions portal
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FCA highlights AML failings in “Dear CEO” letter


06 March 2024 UK
Reporter: Bob Currie

The UK financial conduct regulator has written to company heads outlining weaknesses in their controls to prevent financial crime and instructing that they must take necessary steps to address these shortcomings
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Regelman to leave BNY Mellon


06 March 2024 US
Reporter: Jack McRae

Regelman leaves his role as the bank’s global head of securities services and digital in order to pursue new career opportunities