The European Securities and Markets Authority has published the results of its third stress test exercise for the EU’s 16 CCPs which found that “concentrated positions represent a significant risk”
The China Securities Regulatory Commission and the China Bank and Insurance Regulatory Commission have jointly revised the administrative measures on custodian business for securities investment funds
The DMS Group has acquired Oligo Swiss Fund Services to provide services and solutions to UCITS funds, hedge funds, alternative investment funds, and private equity funds in the Swiss domicile
The International Securities Services Association has appointed Jeff Williams, global head of network management for direct custody and clearing at Citi, to the board of directors