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US SEC drops MMF proposals
28 August 2012 Washington, DC
Reporter: Mark Dugdale

Proposals that would have reformed the multi-trillion dollar US money market fund (MMF) industry were dropped after three US SEC commissioners objected to them...

Moody's: OTC regulations could lead to riskier investments
27 August 2012 London
Reporter: Mark Dugdale

Funds could invest more heavily in collateral-eligible liquid, high-quality government securities when new OTC derivatives regulations take hold worldwide...

Cantor Fitzgerald to launch new clearing service
24 August 2012 New York
Reporter: Jenna Jones

Global financial services firm Cantor Fitzgerald plans to expand its clearing services in Q4 2012 with the launch of Cantor Clearing...

UBS makes quantitative leap
23 August 2012 New York
Reporter: Mark Dugdale

UBS has launched a new unit that is aimed at attracting and servicing clients among quantitative hedge funds. Quant HQ combines the firm’s prime services and direct execution businesses...

J.P. Morgan sees first HKD triparty repo transaction
22 August 2012 Hong Kong
Reporter: Mark Dugdale

J.P. Morgan Worldwide Securities Services has executed Hong Kong’s first HKD triparty repo transaction between Bank of China and Barclays...

Pension fund separates sec lending from custody
22 August 2012 Austin, Texas
Reporter: Mark Dugdale

Texas Municipal Retirement System had named Deutsche Bank as its securities lending agent and rehired State Street as its global custodian...

4sight releases new collateral management interface
21 August 2012 London
Reporter: Mark Dugdale

Software and consultancy firm 4sight Financial Software has developed an interface between Germany-based Clearstream Banking’s KAGplus collateral management service and its 4sight securities borrowing and lending software solution...

Nigeria names securities lending agents
21 August 2012 Lagos
Reporter: Mark Dugdale

The Nigeria Securities & Exchange Commission has approved United Bank of Africa (UBA) and Stanbic IBTC as securities lending agents for equities and bond transactions at the Nigeria Stock Exchange, according to reports...

Rule Financial recruits former UBS employee for domain group
20 August 2012 London
Reporter: Mark Dugdale

Rule Financial has recruited Marina Potok a specialist in OTC, structured and securitised products for its domain group. She will report to Rule Financial’s domain group head, Jim Warburton, and will be based in its London office...

Kiat Seng Lim climbs the ladder at J.P. Morgan
17 August 2012 Singapore
Reporter: Georgina Lavers

J.P. Morgan Treasury Services has appointed Kiat Seng Lim as head of financial institutions (FI) Sales for Asia Pacific...

JonesTrading partners with Conifer
16 August 2012 Los Angeles, California
Reporter: Mark Dugdale

The Conifer Group and JonesTrading Institutional Services have signed a partnership deal that will see Conifer Securities become a wholly owned subsidiary of JonesTrading...

J.P. Morgan offers greater protection for collateral
15 August 2012 New York
Reporter: Mark Dugdale

J.P. Morgan has extended its collateral management product to enhance the security and control that its clients have over excess collateral in response to the billion dollar trading losses that it announced in Q2 2012...