BNY Mellon

Sovereign wealth funds, central banks and collateral liquidity

The way that collateral is being used, and indeed needed, in financial markets has altered significantly since the financial crises.

Posted on: 06 May, 2016

Lawsuits Bring Renewed Attention to FX Transaction Costs

Legal
16 Jun, 2015

Despite the promises of better behaviour by banks after their fines for past abuses in the foreign exchange markets, investors should subject their currency transaction procedures to a thorough review to ensure best execution.

Buy-side urged to review custodians’ asset safekeeping arrangements

Asset managers and end investors should consider increased due diligence as to the way in which their assets are held in custody at their custodian banks following the UK Financial Conduct Authority’s (FCA) £126 million fine of BNY Mellon.

Posted on: 20 Apr, 2015
Posted in: Buy-Side Features

Institutional investors increasingly launching operational platforms for hedge funds

An increasing number of institutional investors are building internal operational platforms or umbrella platforms for emerging portfolio managers to leverage upon.

Posted on: 14 Nov, 2014
Posted in: Investors

Solvency II will facilitate retreat from alternatives by insurers, says UBS/PwC study

More than two-thirds of insurance companies intend to scale back their exposures to alternative asset managers as a result of regulation, according to a survey by UBS Fund Services and PricewaterhouseCoopers (Pw

Posted on: 23 Oct, 2014
Posted in: Regulation

AIFMs outsourcing Annex IV to fund admins could be forced to disclose data to investors

Firms outsourcing the compilation and submission of their Annex IV to fund administrators could find themselves under pressure to disclose the document to investors if administration costs are borne by the fund.

Posted on: 15 Oct, 2014
Posted in: Outsourcing

FICC seeks regulatory approval to offer clearing in tri-party repo market

The Fixed Income Clearing Corporation (FICC) is seeking regulatory approval from the Securities and Exchange Commission (SEC) and Federal Reserve to provide centralised clearing for the $1.6 trillion institutional tri-party repo market.

Posted on: 15 Oct, 2014
Posted in: Regulation

GAIM Ops: Emerging managers warned on challenges

Managers need Assets under Management (AuM) of between $100 million and $150 million if they are to break-even amid growing regulatory scrutiny and pressure from investors to institutionalise their businesses.

Posted on: 13 Oct, 2014
Posted in: Launches

Collateral squeeze unlikely to materialise

The so-called collateral shortfall is unlikely to be as severe as some market participants initially believed although obtaining high-grade eligible collateral to post as initial and variation margin to central counterparty clearing houses (CCPs)

Posted on: 06 Oct, 2014
Posted in: Operational Risk

AIFMs wrongly assumed they could market to investors not in compliance with MiFID

An alarming number of alternative investment fund managers (AIFMs) had wrongly assumed they could market through the Alternative Investment Fund Managers Directive's (AIFMD) national private placement regimes and passport  to organisations and hig

Posted on: 02 Oct, 2014
Posted in: Regulation

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