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Chilean brokerage house Banchile builds for the future


22 January 2013 São Paulo
Reporter: Georgina Lavers

Banchile, Chile’s third largest brokerage house, has selected Fidessa’s Latin American sell-side trading platform to underpin its institutional trading activity...
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Bas Cohen leaves ABN AMRO


18 January 2013 Amsterdam
Reporter: Georgina Lavers

Bas Cohen has left ABN AMRO. A spokesperson said that Cohen, who was previously global head of trading, departed to pursue a career outside the bank...
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RMA plays nice with FSB’s “shadow banking” recommendations


18 January 2013 Switzerland
Reporter: Georgina Lavers

The Committee on Securities Lending of the Risk Management Association has responded to the FSB on its proposals to toughen up regulation of “shadow banking”, praising the board’s efforts to understand the sector...
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Clearstream and Belfius expand collateral services


18 January 2013 Frankfurt
Reporter: Georgina Lavers

Clearstream and Belfius have agreed to develop exclusively a new collateral management activity for bilateral trades, focusing on over-the-counter (OTC) derivatives and aimed primarily at corporates and medium-sized banks...
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BNY Mellon 4Q results reveal dip in securities lending revenue


17 January 2013 New York
Reporter: Georgina Lavers

While improvement in market values meant good news for BNY Mellon’s investment management, asset servicing, clearing and treasury services businesses, investment services fared slightly worse in the bank’s Q4 2012 results...
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CSDs hold hands for collateral crunch


17 January 2013 Frankfurt
Reporter: Georgina Lavers

Central securities depositories (CSDs) including ASX (Australia), Cetip (Brazil), Clearstream (Frankfurt/Luxembourg), Iberclear (Spain) and Strate (South Africa) have all teamed up and are encouraging other regions to join them in extending a global
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Saxo Bank to provide FX prime brokerage


16 January 2013 Copenhagen
Reporter: Georgina Lavers

Saxo Bank, the multi-asset online trading and investment specialist, has launched the FX prime brokerage solution Saxo Prime...