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BNY Mellon fined $6 million for misstating collateral
17 April 2012 New York
Reporter: Georgina Lavers

BNY Mellon was fined $6 million by the Federal Reserve Board for misstating the collateral it pledged to a government lending program in 2008...

Shadow banking worth $17 not 60 trillion, say Finadium
17 April 2012 Concord
Reporter: Georgina Lavers

Finadium have slammed popular reports that the shadow banking industry is worth $60 trillion, stating the figure is almost 75 per cent less...

FSS sells collateral management software to Asian bank
16 April 2012 Singapore
Reporter: Georgina Lavers

Overseas-Chinese Banking Corporation (OCBC) has licensed the Spectrum MarginTrac System from Financial Software Systems (FSS)...

Quadriserv’s AQS swells by 125 per cent
14 April 2012 New York
Reporter: Georgina Lavers

Quadriserv’s AQS saw a 125 per cent growth in average daily notional balance...

Lombard Risk signs four more for Ba III solution
13 April 2012 London
Reporter: Georgina Lavers

Lombard Risk has signed four contracts in March for its ‘Reporter’ regulatory compliance solution...

New Edinburgh offices for 4sight
13 April 2012 Edinburgh
Reporter: Georgina Lavers

4sight Financial Software has moved to new larger offices for its Edinburgh UK headquarters...

NSD acquires majority stake in DCC
13 April 2012 Moscow
Reporter: Georgina Lavers

Russian settlement depository NSD has acquired 97.8 per cent of DCC shares...

CIBC Mellon to provide securities lending for Bloom fund
13 April 2012 Toronto
Reporter: Georgina Lavers

CIBC Mellon will provide asset servicing solutions including securities lending, for the Bloom Income & Growth Canadian Fund...

NYSE Liffe could launch new repo product
12 April 2012 New York
Reporter: Georgina Lavers

NYSE Euronext will launch repo futures market trading on 16 July, if it passes regulatory approval.....

Asia’s top ten largest securities lending balances
12 April 2012 London
Reporter: Georgina Lavers

Data Explorers have screened the major Asian markets ex. Japan to look at how securities lending balances are distributed throughout the continent...

BNY Mellon expands collateral management services
12 April 2012 New York
Reporter: Georgina Lavers

BNY Mellon will allow futures commission merchants (FCMs) to post a wide range of collateral...

New president for HedgeCo Networks
12 April 2012 Palm Beach
Reporter: Georgina Lavers

HedgeCo Networks has hired Brett Langbert to serve as its president...