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BNY Mellon rakes in $48 million


21 July 2017 New York
Reporter: Mark Dugdale

BNY Mellon recorded securities lending revenue of $48 million in Q2 2017, as assets under custody and administration reached $31.1 trillion
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Northern Trust commits to EU hub


20 July 2017 Luxembourg
Reporter: Drew Nicol

Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
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Clearstream sets sights on CSDR licence


17 July 2017 Frankfurt
Reporter: Drew Nicol

Deutsche Börse subsidiary Clearstream is set to apply for new licenses to operate under the central securities depositories regulation
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EU equities revenue fails to deliver in Q2


12 July 2017 London
Reporter: Drew Nicol

In its second quarterly review, IHS Markit underscored the extent of the revenue slip, which was down 23 percent on the same time last year
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CCP use on the up, says ECB


12 July 2017 Frankfurt
Reporter: Drew Nicol

Banks reported that the use of CCPs had increased between March and May for many types of collateral and both average and most-favoured clients
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CFTC welcomes new chief innovation officer


11 July 2017 Washington DC
Reporter: Drew Nicol

The US Commodity Futures Trading Commission has appointed Daniel Gorfine as director of LabCFTC and chief innovation officer, effective immediately