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3M’s pension fund under scrutiny
10 May 2017 Washington DC
Reporter: Drew Nicol

The securities lending programme of technology giant 3M’s $19.7 billion pension fund is under investigation by the US Department of Labor, among other issues

OCC secures Morgan Stanley’s Bodnar for OIC Roundtable
10 May 2017 Chicago
Reporter: Drew Nicol

OCC has regained Robert Bodnar, executive director at Morgan Stanley, as a member of the governing body of its educational arm, the Options Industry Council

trueEX sues IHS Markit for anti-competition
10 May 2017 New York
Reporter: Drew Nicol

Interest rate swaps exchange trueEX has brought an anti-competition action against Markitserv, accusing the IHS Markit business of cutting it out of the market

Northern Trust and Donnelley tackle admin
09 May 2017 Chicago
Reporter: Drew Nicol

Northern Trust and Donnelley Financial Solutions have teamed up to provide mutual fund administration clients with an automated process for the collection, creation, review and filing of disclosure documents

Dodd-Frank replacement clears first hurdle
08 May 2017 Washington DC
Reporter: Mark Dugdale

The repeal and replacement of Dodd-Frank is underway, with the Volcker rule a likely casualty

SIX expands equity repo baskets list
08 May 2017 Zürich
Reporter: Drew Nicol

Natixis has signed up to SIX Repo’s two new European equity index baskets

BNY Mellon gains new head of collateral
08 May 2017 London
Reporter: Drew Nicol

Adam Goddard returns to BNY Mellon as regional head of client management and collateral management after previously serving at the bank for 10 years

Hong Kong short sellers fined
08 May 2017 Hong Kong
Reporter: Drew Nicol

Two Hong Kong short sellers have been fined after pleading guilty to illegally shorting stocks

OCC and EquiLend partner for CCP project
05 May 2017 Chicago
Reporter: Drew Nicol

EquiLend Clearing Services has developed a middle-office platform that supports OCC’s market loan programme by processing post-trade functions, including mark-to-market, returns, recalls and other trade lifecycle events

Pension funds given three-year exemption to EMIR central clearing
05 May 2017 Brussels
Reporter: Drew Nicol

Pension funds have been handed a three-year exemption from central clearing of OTC derivatives under EMIR

Cowen gains new head of risk for prime
05 May 2017 London
Reporter: Drew Nicol

Cowen Group has recruited Bernard Minsky to its international prime services team as head of risk management

Malaysia allows corporate bond short selling
04 May 2017 Kuala Lumpur
Reporter: Drew Nicol

Principal dealers were permitted to conduct regulated short selling of corporate bonds from 13 April