The International Swaps and Derivatives Association (ISDA) has published a “set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives,” according to a company statement, the latest step in the industry group’s efforts to get regulators and firms on the same page when it comes to… Read More >>
Glass-Steagall Redux?
First, I know that the name of Elizabeth Warren, the U.S. Senator from Massachusetts, makes Wall Street’s collective blood boil. In fact, blood pressure levels must be rising this week as Warren makes the rounds again in part to promote the paperback version of her book “A Fighting Chance.” In interviews on TV and radio,… Read More >>
ISDA Fills Out Determinations Committees
The International Swaps and Derivatives Association (ISDA) has announced the members of its five regional Determinations Committees (DCs), which comprise the global decision-making structure around events in the credit default swap (CDS) industry, according to ISDA. “The DC process was set up as part of a series of measures to make the credit derivatives market… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
BNY Taps Citi for Head of Corporate Trust Unit
BNY Mellon has hired Kathleen Scott from Citigroup to head a “newly created role to lead the corporate and insurance activities within [the bank’s] Corporate Trust business in the U.S.,” according to a company statement. In her new role, Scott will be responsible for all aspects of sales, business development and client relations at the… Read More >>
Volante Broadens Designer Platform’s Support
Financial messaging and data integration vendor Volante Technologies has upgraded its Volante Designer solution, a messaging integration platform, to help firms respond to the ongoing challenge of accommodating multiple types of messaging, industry protocols and Open Source initiatives. The latest release, Volante Designer 5.1, features support for extract, transform and load (ETL) functions to process… Read More >>
BNY Mellon Pays $714M to Settle FX-Related Woes
The Bank of New York Mellon Corp. (BNY Mellon) has agreed to pay a total of $714 million to resolve “substantially all of the foreign exchange (FX)-related actions currently pending against the company,” say BNY officials. The settlements with the U.S. Department of Justice (DOJ), the New York Attorney General (NYAG), the U.S. Department of… Read More >>
Linedata Updates Admin Edge Platform
Linedata, a provider of solutions for the investment management and credit industries, reports “significant updates” to Admin Edge, its fund administrator platform, officials say. The updates are in three key areas, the New York City-based vendor says. “Firstly, there is improved integration and automation of data flows between the fund accounting and transfer agency areas,”… Read More >>
DTCC’s Client Data Hub Live at Five Top Banks
Barclays, Credit Suisse, Goldman Sachs, JPMorganChase and State Street are using the Clarient Entity Hub, a client onboarding and data management solution made by Clarient Global, a new DTCC company, officials say. The service helps firms “store, maintain and distribute data and documentation to relevant counterparties, service providers and regulators in order to comply with… Read More >>
LMAX Exchange Unveils Prime Brokerage Service
LMAX Exchange, a U.K.-based Multilateral Trading Facility (MTF) for global foreign exchange (FX), has launched a new prime brokerage service, LMAX Prime, according to a company statement. The new service will act as a “prime of prime” service, to “provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with… Read More >>
