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ECB axes collateral project
19 June 2012 Europe
Reporter: Georgina Lavers

The Governing Council of the European Central Bank (ECB) has decided to put the brakes on preparations for the Collateral Central Bank Management (CCBM2) project in its current form...

Lombard Risk enhances repo and sec lending modules
19 June 2012 London
Reporter: Georgina Lavers

Lombard Risk has enhanced its repo and securities lending 'Colline' modules. Colline is designed for for end-to-end, cross-product (bilateral and cleared OTC derivatives, repo and securities lending) collateral management...

Fund’s $50 million credit facility with BNP prime brokerage
18 June 2012 Massachussetts
Reporter: Georgina Lavers

RMR Real Estate Income Fund (RIF) has entered into a new $50 million revolving credit facility with BNP Paribas prime brokerage. The new credit facility bears interest at LIBOR plus 95 basis points and it has a 270 day rolling term that resets daily.

Jason Barron new prime brokerage head at UBS
18 June 2012 London
Reporter: Georgina Lavers

Jason Barron will fulfil the role of global head of financing services, owing to Mitch Moore leaving as head of prime brokerage for UBS...

Qatar ‘introduces’ sec lending
18 June 2012 Doha
Reporter: Mark Dugdale

In the first phase, the new regulations would allow licensed financial service providers to lend and borrow listed securities to settle failed transactions...

Lionel Guerraz of UBS to move into wealth management
15 June 2012 Zurich
Reporter: Mark Dugdale

Lionel Guerraz is set to leave the securities lending industry and change roles on August 1...

Krangel and Day join ISLA board
15 June 2012 London
Reporter: Mark Dugdale

Andy Krangel of Citi Bank and James Day of UBS have been elected as board members of the International Securities Lending Association...

4sight releases new corporate action modules
14 June 2012 London
Reporter: Mark Dugdale

The new suite of corporate action processing modules are for its 4sight Securities Finance and Collateral Management solution...

Canadian mutual fund manager re-signs with Citi
14 June 2012 Toronto
Reporter: Mark Dugdale

Citi has renewed its agreement with Chou Associates Management to provide trust and securities lending services for $600 million in mutual fund assets...

Fidessa issues new regulation white paper
13 June 2012 London
Reporter: Mark Dugdale

Trading, investment management and information solutions provider Fidessa has released a white paper that examines the regulatory pressures facing the financial industry in Europe...

J.P. Morgan offers sec lending services in Malaysia
12 June 2012 Kuala Lumpur
Reporter: Mark Dugdale

J.P. Morgan Worldwide Securities Services is the first international lender in the Malaysian market to offer a securities lending product, it said...

Traiana adds prime brokers to network
11 June 2012 New York
Reporter: Georgina Lavers

Traiana’s Harmony CFD equity swap network has added 11 prime brokers for enhanced client servicing for buy-side clients in the past year...