Final piece of the CSDR puzzle for Euroclear as UK and Ireland CSD gains license
Seventh and final CSDR license for Euroclear Group as UK and Ireland is approved by Bank of England.
Tag: UK
State Street retains five-year global custody mandate with Nest Corporation
The mandate is the latest in string of deals that State Street has resigned with some of its key asset manager and asset owner clients.
Marks & Spencer Pension Trust selects Northern Trust for asset servicing solutions
Northern Trust will support one of the UK’s top 25 largest corporate pension scheme's focus on governance, investment efficiency and sustainability.
Apex Group receives approval to launch depositary activities in the UK
Depositary license extends Apex’s offering which also includes Luxembourg, the Channel Islands, Malta and Ireland.
BNP Paribas Securities Services appoints new head of sales for UK buy-side division
UK institutional investors have become a key target for BNP Paribas, as it aims to drive new sales opportunities with asset managers and asset owners.
Citi extends fund accounting services to UK investment trusts
The expansion will enable Citi to provide fund accounting services to £186 billion UK investment trusts industry.
UK pension schemes losing £250m a year on less tax-efficient fund structures
A new study has showed a total £56 billion was invested in less tax-efficient funds by UK pension schemes in 2019.
HSBC’s securities services division launches UK transfer agency business
The service is supported by a new Edinburgh-based operation managing its back-office processing function.
UK rejection of SDR only impacts the few, but regulation as a whole continues to frustrate the many
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
UK confirms it will not implement CSDR buy-in regime
The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.