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Alter Domus Continues Rapid US Expansion, Strengthens Technology Offering With Acquisition Of New York-Based IEA

Date 21/06/2021

• Alter Domus continues to broaden its already comprehensive range of technology-driven solutions with Investors Economic Assurance (IEA)
• The transaction strengthens Alter Domus’ footprint in Manhattan, adding 22 specialists in alternative investment asset servicing and fund administration and more than $54 Bn of assets under administration
• Third acquisition in North America for Alter Domus in the last 6 months, in addition to UK-based Technology firm Credit-Vision in late 2020
• Alter Domus reaffirms its position as a top three largest independent private asset servicer for US private market investors, with more than 900 professionals across 8 offices in North America

Magellan And Enterprise Team Up With Intercontinental Exchange For New Houston Crude Oil Futures Contract

Date 21/06/2021

Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area. The Midland WTI American Gulf Coast contract (ICE: HOU) is being launched in response to market interest for a Houston-based index with greater scale, flow assurance and price transparency. It will utilize the capabilities and global reach of ICE’s industry-recognized, state-of-the-art trading platform and is due to be launched by ICE by early 2022, subject to regulatory approval.

ESMA Recommends Changes To Supervisory Fees For Credit Rating Agencies

Date 21/06/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today its final report providing technical advice to the European Commission on the supervisory fees charged to credit rating agencies (CRAs).

Dorval Asset Management: BaFin Imposes Administrative Fine

Date 21/06/2021

On 10 June 2021, BaFin imposed an administrative fine amounting to 160,000 euros on Dorval Asset Management.

AdelTrade Launches World’s First Financial Markets Online Gaming Platform

Date 21/06/2021

• The world’s first online competitive gaming platform focusing solely on financial markets
• Enables anyone to participate in real-time virtual trading with other competitors

AML Compliance Costing UK Financial Institutions A Massive £28.7bn Annually – The Equivalent Of Half Of Last Year’s Defence Budget Says LexisNexis® Risk Solutions

Date 21/06/2021

• Regulatory burden, rather than increasing criminal threat as a result of the pandemic, revealed as the primary cause of the high cost of compliance 
• UK Firms are responding to mounting AML pressure by increasing spend on teams rather than technology, with 70% of budgets committed to people power
• The total cost of AML to UK firms could reach over £30bn by 2023

Tehran Stock Exchange Bulletin - May 2021

Date 21/06/2021

Click here to download Tehran Stock Exchange's monthly bulletin.

Clearstream: Successful Trransactions Of Securities With Central Bank Digital Currency

Date 21/06/2021

• Banque Internationale à Luxembourg, LuxCSD and Seba Bank tested use of Central Bank Digital Currency (CBDC) for securities transactions
• Conducted by Banque de France, the delivery of securities in the European platform, TARGET2-Securities (T2S) against a payment in CBDC was successfully tested

Interview With Financial Times - Interview With Fabio Panetta, Member Of The Executive Board Of The ECB, Conducted By Martin Arnold On 14 June 2021

Date 21/06/2021

You are getting close now to a decision on whether to pursue further work on the digital euro. You recently completed your public consultation on this, in which the biggest concerns were about privacy. So how do you address people’s concerns about privacy and still do all the necessary checks to make sure that it’s not abused for money laundering, tax evasion, and all of those things?

Deutsche Bank And Fiserv Announce Joint Venture For Payment Acceptance In Germany

Date 21/06/2021

• Joint venture to enable delivery of unique merchant acquiring solutions in the German market
• Joint venture to combine Clover payment acceptance solution with Deutsche Bank’s integrated banking services
• Processing of payment acceptance for several thousand Deutsche Bank clients from the start