Canada

BMO Capital Markets’ Nicholas Chan and Bank of Canada’s Harri Vikstedt will co-chair the new Collateral Infrastructure and Market Practices Advisory Group

Over the course of the summer, the bank will engage with primary dealers on an operational on-boarding process to ensure their readiness to participate in the programme

Shane Kuros returns having most recently served as global head of business development for banks, broker dealers and advisors and Hedgemark at BNY Mellon

Their appointment occurred during the CASLA annual general meeting, which was held on 4 March

Founded in 2013 by ASX, B3, Clearstream and Strate, the Liquidity Alliance is a global association of market infrastructures, delivering collateral management services

According to the Association, adding BCI “completes the representation from the largest pension plans in Canada”, a group informally known as the Maple 8

The amendments aim to enhance the rule framework regarding retail fully paid securities lending, as well as to address inconsistencies in the existing financing rules

Global middle-office solution OnCore will be integrated into Mackenzie’s existing business applications, enabling enterprise growth. The service will be administered by BNY Mellon