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ALFI: 2018 will bring opportunities, but also challenges
06 February 2018 Luxembourg
Reporter: Jenna Lomax

The Luxembourg fund industry had a very good year in 2017, and 2018 brings plenty of opportunities, according to Denise Voss, chairman of The Association of the Luxembourg Fund Industry (ALFI)

RMB is struggling to strengthen position in 2017, according to Swift
05 February 2018 Brussels
Reporter: Jenna Lomax

Renminbi usage accounted for just 1.61 percent of domestic and cross-border payments in December 2017, according to Swift’s RMB tracker

LCH hits record highs volumes in 2017
08 January 2018 London
Reporter: Jenna Lomax

LCH reported that during 2017 its interest rate derivatives clearing service, SwapClear, processed over $873 trillion in notional

LCH establishes clearing of credit index options
20 December 2017 London
Reporter: Jenna Lomax

The central counterparty is the first clearinghouse to implement a risk framework specifically for the clearing of credit index options

Firms remain open to exposures from manual processes
13 December 2017 New York
Reporter: Becky Butcher

Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium

TA automation rates reach over 86 percent
11 December 2017 Brussels
Reporter: Jenna Lomax

A Swift report found that automation rate of orders processed by Luxembourg TAs reached 84 percent in Q2 2017, while Irish TAs saw higher automation rates of 90.6 percent, remaining relatively steady

LEIs offer major cost savings, says OFR
17 November 2017 Washington DC
Reporter: Drew Nicol

The OFR noted that early academic studies found that cost savings associated with adoption of the LEI approached $1 billion annually

Credit Suisse bolsters US equities team
15 November 2017 New York
Reporter: Jenna Lomax

Based in New York, Gerry Milligan will start his role in January 2018 and will report to Anthony Abenante, managing director of global markets

State Street’s Jay Hooley retires as CEO
09 November 2017 Boston
Reporter: Jenna Lomax

Mike Rogers, president and COO of State Street, is also set to retire, and Ron O’Hanley will take over both the CEO and COO roles

Saxo Capital Markets UK names new CEO
02 November 2017 London
Reporter: Theo Andrew

Prior to joining SCML, Edwards spent 14 years at ETX Capital, most recently as CEO

LCH promotes Daniel Maguire to CEO
19 October 2017 London
Reporter: Jenna Lomax

Maguire, who has been COO of the same department since April this year, was previously senior vice president for commodity exotics and hybrids at J.P. Morgan

EU commission lays down the law on MiFID II compliance
19 October 2017 Brussels
Reporter: Jenna Lomax

As many as 19 infringing member states include Belgium, Malta, France, Greece, Luxembourg, Netherlands, Portugal, Spain and Sweden as facing the commission’s wrath