Market regulator SEBI today relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling. FIIs now have to disclose the information on a weekly basis instead of daily.
A USD40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, alleging improper investment advice with regard to the county's securities lending portfolio prior to the market crash in 2008. The case number is 2010 CA 006579NC.
BNY Mellon has been chosen by Goldman Sachs International (GSI) to provide a segregated sub-custody service to GSI's prime brokerage clients through Montague Place Custody Services (MPCS).
BNY Mellon Asset Servicing has appointed James Slater to the newly created role of managing director and chief operating officer for Global Securities Lending. Slater will report to Kathy Rulong, executive director of Global Securities Lending
Pershing LLC, recently announced the availability of an independent study, Lending and Leverage: The New Securities AV의 Model for Hedge Funds, which examines the changing business model of securities financing for hedge funds in 2010 and beyond
ING's Global Securities AV의 (GSF) team has hired Colin Bugler to head its new Synthetic Portfolio Solutions (SPS) team, reporting to Richard Pryce, Head of Equity Lending & Repo.
NASDAQ OMX and J.P. Morgan have announced that J. P. Morgan has become NASDAQ OMX Stockholm AB's first non-Nordic custodian for the NASDAQ OMX Derivatives Markets. As custodian, J.P. Morgan will provide collateral management...
BNY Mellon, has been authorized by the China Banking Regulatory Commission (CBRC) to set up a banking branch in Beijing. BNY Mellon received a license for its Shanghai branch in 1999.
Credit Suisse Prime Services has ranked No.1 for the second consecutive year in the 2010 Global Custodian Prime Brokerage survey, earning more Best in Class awards than any bank.
Data Explorers, this week at the annual ISLA conference in Berlin launched its Risk Adjusted Returns. This new framework highlights the main sources of securities lending program risk and return across multiple dimensions and peer groups
