IOSCO published a consultation report on Recommendations Regarding the Protection of Client Assets, which aims to help regulators improve the supervision of intermediaries holding client assets...
A judge has refused to throw out a lawsuit from The Salvation Army that claims BNY Mellon mismanaged its assets by investing the collateral used for securities lending in risky mortgage backed securities...
Citi is launching a triparty collateral management solution in conjunction with triparty agents Euroclear Bank and Clearstream that will allow mutual clients to consolidate their equity and fixed income holdings into a single collateral pool...
Securities lenders and borrowers in Canada will soon be able to trade any trust that is listed on a stock exchange after the country’s minister of finance, Jim Flaherty, tabled a motion to implement outstanding technical tax amendments...