The Bank of New York Mellon has expanded its derivatives collateral management service, DM EdgeSM, beyond derivatives to cover a range of margin-related activities, including repo and securities lending.
The company says that the new services, which will be marketed under the brand name RM EdgeSM, allow a wide range of clients who trade bilaterally to outsource margin management to the company, which will handle a variety of complex operational and administrative activities, such as monitoring margin parameters and calculating margin status, helping clients to reuse and reinvest their collateral pools.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.