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BMS selects Apex for carbon reporting service
25 October 2021 UK
Reporter: Rebecca Delaney

Global reinsurance broker BMS has selected Apex Group to administer the latter’s Carbon Footprint Assessment and Reporting service

Exclusive: Credit Benchmark consensus data reveals mixed bag of results
22 October 2021 UK
Reporter: Maddie Saghir

"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 pays fine for fraudulently misleading investors across two bond offerings
22 October US
Reporter: Jenna Lomax

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

LSEG claims strong Q3 performance across all divisions
22 October 2021 UK
Reporter: Bob Currie

London Stock Exchange Group reports 7.3 per cent growth in gross profit for Q3, with post-trade revenue up 11.5 per cent in constant currency terms

Nigerian clearing house joins CCP12
22 October 2021 Nigeria
Reporter: Bob Currie

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

Deutsche Bank’s e-FX trading hub goes live
22 October 2021 Singapore
Reporter: Maddie Saghir

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

AFME: CSDR mandatory buy-in rules are “fundamentally flawed”
21 October 2021 UK
Reporter: Jenna Lomax

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

Goal Group opens new office in Sydney
21 October 2021 Australia
Reporter: Maddie Saghir

"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

National Australia Bank enhances post-trade lifecycle via DTCC’s ALERT
21 October 2021 US
Reporter: Maddie Saghir

“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

Paul Rennison joins deltaconX
21 October 2021 UK
Reporter: Carmella Haswell

deltaconX AG has hired Paul Rennison as director of product management at its London office

Kane Solutions gains fund administration license in Mauritius
20 October 2021 Mauritius
Reporter: Maddie Saghir

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

AFME: T+2 is quicker than it used to be, but is it enough?
20 October 2021 UK
Reporter: Maddie Saghir

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