"Overall improvement is always welcome, even if moves are minor. As important as banks are to the real economy, entities like clearers and custodians are the backbone of the financial system," David Carruthers highlights
Credit Suisse Group has agreed to pay nearly US$475 million to US and UK authorities for fraudulently misleading investors and violating the Foreign Corrupt Practices Act
FMDQ Clear becomes an observer member of the global central counterparty association with immediate effect, supporting the development of the Nigerian post-trade services value chain towards global standards
The e-FX hub, which was developed in partnership with MAS, enables Deutsche Bank’s clients to execute FX transactions more closely aligned to geographic location, helping make trade execution times faster
The Central Securities Depositories Regulation (CSDR) rulings, relating to mandatory buy-ins, are “fundamentally flawed”, according to James Cunningham, head of European regulatory and market initiatives at BNY Mellon
"Another important milestone in the evolution of Goal Group to facilitate our ongoing mantra of continuous improvement and excellent client service," says Stephen Everard, Goal Group CEO
“With ALERT, we are able to bring greater efficiency, risk mitigation, and accuracy to the post-trade settlement process for our client base,” says Wayne Francis
The Mauritius office forms part of Kane Solutions’ global network, which includes fund administration and trust business operations in Bermuda, fund administration services in Dubai, and insurance management and fund administration services in Malta
The settlement date for stocks used to be T+5, before moving to T+3, and now most markets operate on a T+2 settlement cycle, but panellists at the AFME conference discussed whether or not the T+2 cycle is enough