A-Team Insight Blogs The latest content from across the platform
BNP Paribas Securities Services and the AXA Group Sign New Partnership Agreement
BNP Paribas Securities Services is delighted to have been appointed by AXA Group as custodian/depositary provider across several AXA entities and territories. The new five-year contract covering France, Switzerland, Germany, Luxembourg, Spain and Italy represents a comprehensive asset servicing partnership with the AXA Group across its insurance, real estate, private equity, investment management and corporate…
Progress Being Made on Defining T2S’s Potential Interaction with Corporate Actions, Says BNY Mellon’s Bodart
The European Central Bank’s (ECB) Target2-Securities (T2S) settlement system may have been delayed for an indefinite period (likely from the original date of 2013 to 2015), but important discussions are continuing on the possible interaction of the area of corporate actions with the securities settlement system. Paul Bodart, executive vice president and head of EMEA…
Bank Bukopin Selects FRSGlobal’s IFRS solution
FRSGlobal today announced that Bank Bukopin has selected FRSGlobal’s International Financial Reporting Standards (IFRS) solution. The deal was signed in collaboration with associate partner PT Nexia Indonesia Advisory Services (PTNIAS) – a partnership that was formed as part of FRSGlobal’s commitment to the Indonesian market. Tri Joko Prihanto, finance and planning director of Bank Bukopin,…
SEB’s Strandberg Talks up Need for Business Case for Corporate Actions Harmonisation
The Securities Market Practice Group (SMPG) and the Corporate Actions Joint Working Group (CAJWG) have come forward leaps and bounds in their endeavours to harmonise the industry’s corporate actions messaging formats, according to Christine Strandberg, global product manager for the Asset Servicing division of Nordic financial group SEB. However, the standards may be in place…
European Commission’s Reding Indicates Data Protection Update is Required, Systems Changes on their Way
The European Commissioner for Justice, Fundamental Rights and Citizenship Viviane Reding is dead set on updating the European Union’s 15 year old Data Protection Directive in order to ensure that it is “stronger and more consistent” across the region. However, the regulation is likely to have a significant impact on data managers and the vendor…
Japanese Regulator Plans to Extend Risk Reporting Requirements for Large Financial Groups
Following the release of its basic blueprint for reform of the financial services market at the end of last year, the Japanese Financial Services Agency (FSA) has this month indicated that it will be drawing up a draft bill, including reforms related to capital and liquidity risk reporting, for governmental consideration this year. A key…
DTCC Adds Three Non-Participant Board Members to its Ranks, Two New Directors
As part of the Depository Trust & Clearing Corporation’s (DTCC) bid for the approval of its Trade Information Warehouse as a data repository for OTC credit derivatives, which was finally granted earlier this year, the vendor has been making a bid to prove its stability and independence as candidate for a single market utility in…
Thomson Reuters Strengthens Leadership of its Enterprise Business with Key Executive Appointments
Thomson Reuters today announced the appointments of industry executives David Kelly, Roseann Palmieri and Tanya Ezekiel to the leadership team of the Enterprise business. These strategic appointments demonstrate the investment Thomson Reuters is making to accelerate the existing growth of the Enterprise business and the delivery of its next generation solutions. Thomson Reuters is transforming…
Geithner Testifies on Lehman Failures in Front of US House Financial Services Committee, Again
For those of you that may have been asleep at the back of the room for the last two years, US regulators are doing their level best to hammer home the lessons learned as a result of the failure of Lehman, not least of which is the need to better track entity data across groups….
SEC’s HFT Proposals Could Boost Tech Vendors’ Fortunes
High-frequency trading is high on the agenda of the Securities and Exchange Commission (SEC) and two recently proposed rule changes could lead to a boon for technology providers. However, industry insiders caution that the SEC must be careful not to leak any intellectual property data it may gather from its increased surveillance of high frequency…