A-Team Insight Author: A-Team
Broadridge Releases the First Mobile ProxyVote Platform to Canadian Shareholders Who Can Now Vote on Smart Phones and Other Mobile Devices
Proxy voting moves to the next generation of advanced technology with today’s announcement by Broadridge Financial Solutions, that its ProxyVote.com platform will now be available on mobile data devices such as smart phones and tablets for Canadian shareholders. Twenty million proxy votes were recorded through ProxyVote.com for the 12 months ended June 30, 2010. ProxyVote...
SEI Introduces Functionality to Support UCITS IV Requirements
SEI announced today the launch of new tools designed to assist investment managers in meeting mandatory requirements under the Undertakings for Collective Investment in Transferable Securities IV (UCITS) Directive. SEI has developed an online solution to simplify the production and servicing of the required Key Investor Information Document (KIID), while also enhancing its portfolio compliance...
Lloyds Banking Group (LBG) Renews and Extends Strategic Outsourcing Contract with State Street
State Street Corporation, one of the world’s leading providers of financial services to institutional investors, announced today that Lloyds Banking Group (LBG) through its Life, Pensions and Investments business (Scottish Widows) and its Asset Management business (Scottish Widows Investment Partnership (SWIP) has renewed and extended its existing contract. State Street will serve as the preferred...
Hong Kong Monetary Authority Proposes New Trade Data Repository Reporting Standards, Keeps a Close Eye on LEI Developments
The Hong Kong Monetary Authority’s (HKMA) recently published consultation paper on reporting to the Hong Kong Trade Repository (HKTR) indicates that the regulator is aware of the “considerable amount of time” it will take for firms to be ready for reporting and that international standards developments need to be factored into the equation. The paper,...
Northern Trust Helps Clients Navigate the Foreign Account Tax Compliance Act (FATCA)
As part of its commitment to helping institutional clients manage the evolving regulatory landscape, Northern Trust hosted a webinar on 9 August 2011 that explored the impact of the Foreign Account Tax Compliance Act (FATCA) on fund managers. The webinar included an overview of FATCA, implications for fund managers globally and information on how Northern...
HSBC’s Treacher Reckons Swift’s ISO Standards History Will Stand it in Good Stead for LEI Issuance
Marcus Treacher, head of e-commerce and client experience for HSBC’s Global Transaction Banking division, is a key supporter of Swift’s ambitions in the securities space and reckons its experience of ISO standards in other areas of its business will be beneficial in its role as the potential issuer of a new legal entity identification standard....
Canadian Regulator Stresses the Importance of Keeping in Line with International Data Standards
The Canadian Securities Administrators’ (CSA) trade repositories consultation paper, which was published at the end of June, reflects the importance the regulator is placing on keeping the country in line with international data standardisation efforts. The trade repositories proposals, which were put together by the CSA’s derivatives committee as part of its overhaul of the...
Survey: Data Management Issues Delay Liquidity Risk Progress
Critical data management issues continue to impede the successful development of effective liquidity risk management strategies – and most of these issues can only be resolved through collaborative solutions, according to a new white paper from SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries. The findings of...
Virginie’s Blog – What’s on the UK FSA’s Radar for the Next Nine Months?
Given that many data managers (and vendors) in the UK are counting on tying their upcoming data projects to new regulatory requirements, the Financial Services Authority’s (FSA) recently published milestones for the next nine months could prove useful in setting the agenda for the next three quarters. The list of regulatory papers, research projects and...
GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements. “Many funds with more than $1 billion in assets under management (AuM) potentially face their first...