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Pirum automates RQV processing
04 May 2012 London
Reporter: Georgina Lavers

Pirum will start phase 1 of its new Triparty Required Value processing service (RQV). This new functionality offers a single solution covering the calculation, agreement, and processing of daily RQVs...

BNY Mellon updates collateral management platform
03 May 2012 New York
Reporter: Georgina Lavers

BNY Mellon is renovating its collateral management platform for institutional clients by introducing an online central messaging service allowing market participants to transmit margin calls...

BNY Mellon fined $6 million for misstating collateral
17 April 2012 New York
Reporter: Georgina Lavers

BNY Mellon was fined $6 million by the Federal Reserve Board for misstating the collateral it pledged to a government lending program in 2008...

BNY Mellon expands collateral management services
12 April 2012 New York
Reporter: Georgina Lavers

BNY Mellon will allow futures commission merchants (FCMs) to post a wide range of collateral...

$150 million securities lending lawsuit for J.P. Morgan
22 March 2012 New York
Reporter: Georgina Lavers

J.P. Morgan will pay $150 million to settle a lawsuit by three American union pension funds and other investors accusing the bank of securities lending losses...

Major clean-up for Penson
15 March 2012 Dallas
Reporter: Georgina Lavers

Penson Worldwide is looking to reduce its debt of $176 million through exchange offers for its debt holders...

Collateral growth
06 March 2012 Hamilton
Reporter: Justin Lawson

Karson Management sees significant growth in its collateral business......

Chiuch moves up as Coxon leaves securities lending role
07 February 2012 London
Reporter: Ben Wilkie

Robert Chiuch has been appointed global head of equity finance at BNY Mellon, while Rob Coxon has moved on within the bank and is no longer involved in securities lending...

BNY Mellon gets Van Eck sec lending ETF mandate
18 January 2012 New York
Reporter: Anna Reitman

BNY Mellon has been selected to provide securities lending, exchange-traded fund (ETF) services, custody and fund accounting for the six new Market Vector Industry ETFs which recently launched...

IROs negative on short selling - BNY Mellon survey
25 October 2011 New York
Reporter: Anna Reitman

Some 64 per cent of investor relations offices (IROs) within companies globally think short selling has a negative impact on the trading environment, according to a BNY Mellon survey...

BNY Mellon in meeting Solvency II requirements
17 October 2011 London
Reporter: Justin Lawson

BNY Mellon has launched a new data management solution to meet the European insurance industry's Solvency II asset data reporting requirements.....

BNY Mellon provides securities lending to Teucrium funds
27 September 2011 New York
Reporter: Justin Lawson

BNY Mellon Asset Servicing has been selected to provide securities lending services for three Teucrium commodity funds....