Wall Street is set to get another bite of the cherry on reforms to the controversial leverage ratio rules under Basel III, that currently stifles securities lending activity, with the appointment of Trump’s new head of the FDIC
Adjustments are expected on the Supplemental Leverage Ratio (SLR) and Single Counterparty Credit Limits (SCCL) in the near future, following industry concerns
Hooley became CEO back in 2010 and, according to State Street, has helped the financial service expand globally and established the firm as a leader in digitisation
As part of a wider board reshuffle BNY Mellon's Simon Tomlinson was re-elected as treasurer, while Krangel, Citibank, moved into the role of executive officer.
BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, J.P. Morgan and Rabobank will all act as users and design partners for the solution
Through the solution, clients will be able to access BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s treasury management technology