All latest securities finance news

Quadriserv to serve up repo platform

19 December 2012 New York
Reporter: Mark Dugdale

Quadriserv is working on a central counterparty (CCP)-based platform for equity repo, the firm has revealed. OCC will serve as the CPP clearer for AQS Repo, which has gained support from repo industry participants...

BNP Paribas launches Solvency II solution

19 December 2012 London
Reporter: Jenna Jones

BNP Paribas Securities Services has launched its new Solvency II Capital Requirement Solution (SCR)...

ESMA starts clock on UCITS guidelines compliance

19 December 2012 Paris
Reporter: Mark Dugdale

National authorities of EU member states have two months to let the European Securities and Markets Authority (ESMA) know whether they will comply with its consolidated guidelines on exchange-traded funds (ETFs) and other UCITS issues...

General treasurer hires new chief investment officer

18 December 2012 Rhode Island
Reporter: Jenna Jones

Rhode Island’s general treasurer, Gina Raimondo has appointed Anne-Marie Fink as the new chief investment officer/deputy treasurer of finance, responsible for managing the state’s $7.3 billion dollar pension fund...

Hedge fund manager to pay $44 million for short selling

18 December 2012 Washington D.C.
Reporter: Jenna Jones

Sung Kook Hwang, a manager of two New York-based hedge funds, and his two firms have agreed to pay $44 million to settle US SEC charges over short selling...

Citi bags big Swedish hedge fund manager mandate

18 December 2012 Stockholm
Reporter: Mark Dugdale

Citi will provide prime brokerage, custody and depository services to the recently launched Carve fund from Sweden's largest hedge fund manager, Brummer & Partners...

BNY Mellon promotes Keaney to CEO of Investment Services

17 December 2012 New York
Reporter: Jenna Jones

BNY Mellon has appointed Timothy Keaney as CEO of Investment Services as the firm aligns its asset servicing, corporate trust, depositary receipts, global markets, global collateral services, broker dealer services and Pershing businesses under his l

BrokerTec and MTS release RepoFunds Rate

17 December 2012 London
Reporter: Mark Dugdale

A fixed income trading platform and an electronic trading venue have teamed up to launch the RepoFunds Rate daily repo index for eurozone sovereign bonds...

SIX acquires Oslo Clearing

17 December 2012 Zurich
Reporter: Jenna Jones

SIX has agreed to purchase Oslo Clearing—which deals with CCP clearing of financial directives and securities lending products—from Oslo Børs...

Wells Fargo settles with Sarasota over securities lending feud

17 December 2012 Sarasota
Reporter: Mark Dugdale

Wells Fargo will pay Sarasota County $23.75 million to settle claims that Wachovia Bank, which it acquired at the peak of the financial crisis, mismanaged the county’s securities lending portfolio between 2007 and 2008...

Five ways for portfolio managers to cut costs

14 December 2012 London
Reporter: Georgina Lavers

A new paper from BNY Mellon in association with banking consultants Rule Financial examines the impact that a reform of the OTC derivatives markets will have on all users of those instruments...

BNP Paribas handles second fund migration for Henderson

14 December 2012 London
Reporter: Georgina Lavers

BNP Paribas Securities Services has migrated nine funds with an approximate value of €2.5 billion for Henderson Global Investors...

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