With over 30 years of experience in capital markets, banking, and insurance, Tarak Achich brings expertise in leadership, management, and driving growth to his new role
The companies say that the new programme will allow institutions to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading
The total value of repos and reverse repos still outstanding on the books of participants fell back 2.3 per cent year-on-year, according to the semi-annual survey
The transaction took place between UBS and Swiss Re in February, where UBS borrowed cash from Swiss Re while delivering collateral through BNY's platform