Data sent to regulators as part of the second Markets in Financial Instruments Directive (MiFID II) reporting requirements must be sent and managed securely, said regulatory data exchange Silverfinch
Vontobel is set to become a user of Clearstream Banking鈥檚 investment funds processing infrastructure for its third-party hedge fund processing activities
The charges follow ITG鈥檚 settlement in January when the broker-dealer agreed to pay more than $24.4 million over allegations of securities lending violations relating to the facilitation of naked short selling
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
Industry representatives drafted the code in partnership with the Bank of England (BoE) to replace the previous guidance, which has been judged to be outdated
The European Central Bank (ECB) left interest rates unchanged earlier in June and expects them 鈥渢o remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases鈥�