The U.K. Accelerated Settlement Taskforce (AST) has officially kicked off the transition to a T+1 settlement cycle, with backing from the U.K. government, the Bank of England, and the U.K. regulator, the Financial Conduct Authority (FCA). The switch is set for October 11, 2027, marking a major operational shift for UK financial services firms. AST… Read More >>
‘EDI Bot’ for CA Data Debuts via Symphony
Exchange Data International (EDI) is offering near real-time, global corporate action updates via its EDI Bot, available via the Symphony Messaging service, officials say. The new bot is intended to simplify “the retrieval of crucial data, allowing users to access and manage corporate actions” within Symphony, according to the announcement. The EDI Bot’s key features… Read More >>
What Is Your Firm’s Crypto Assets Exposure?
(Bloomberg recently launched a service — Digital Asset Exposure Analytics — that provides views into direct and indirect digital asset exposure for spot currencies, futures, options, and equity tickers for companies engaged in crypto activities and funds holding these assets. The new service is intended to help firms such as asset managers, discern whether crypto… Read More >>
State Street and SS&C Revamp IFDS in Europe
State Street Corp. and SS&C Technologies plan to restructure the European components of their record-keeping solutions and business process outsourcing joint venture, dubbed International Financial Data Services (IFDS), but will keep their IFDS Canada effort intact for North American markets, officials say. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between State Street and… Read More >>
Trump Team & Senate Bill End Hopes for a U.S. CBDC
A central bank digital currency (CBDC) for the U.S. will not be developed and issued by the Federal Reserve any time soon, and it may be a long time before the U.S. federal government seriously considers the viability of a CBDC. The halt is the result of an executive order about digital assets, issued by… Read More >>
SimCorp to Use LSEG’s Structured Debt Analytics
Investment services and systems provider SimCorp has partnered once again with the London Stock Exchange Group (LSEG) to enhance its Axioma risk management platform, this time with advanced securitized debt analytics. Officials say this will help institutional investors make faster, better-informed decisions. LSEG’s Yield Book, part of its Data and Analytics division, will be integrated… Read More >>
KDPW Revamps LEI Website & Issuance Application
The Central Securities Depository of Poland KDPW (Krajowy Depozyt Papierów Wartościowych) has revamped its website and issuance application for Legal Entity Identifiers (LEIs), intended to streamline the creation and usage of LEIs, officials say. The changes are available via the established website address: https://www.lei.kdpw.pl/ The LEI is “a 20-character alpha-numeric globally unique legal entity identifier… Read More >>
Euroclear to Deploy BBH’s IDS Platform
Asset servicing provider Brown Brothers Harriman (BBH) is working with Euroclear, the Brussels-based international central securities depository (ICSD), to provide SWIFT message transformation and network connectivity for Euroclear’s new Bilateral Repo service, officials say. “Enabling repo market participants’ connectivity to multiple custodians is a key attribute of this new service and provides highly sought-after depository… Read More >>
FINRA Warns Against Fraudsters Using Gen A.I.
FINRA, the self-regulatory organization for broker-dealers, recently issued a guidance about how generative artificial intelligence “is making it easier for bad actors to fraudulently open new accounts using investors’ identities and to improperly gain access to investors’ accounts.” Investment fraud that uses A.I. “is on the rise” because Gen A.I. “is a type of A.I…. Read More >>
SEC & CFTC Prioritize Crypto Regs Creation
The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) are following up on their recent announcements to move quickly on cryptocurrency regulation just as industry providers are getting on the crypto train. The SEC is offering more details about the mission of its special Crypto Task Force and the CFTC will be… Read More >>
