LuxCSD has issued and settled the first dematerialised security following implementation of the new law in Luxembourg in April 2013. The Climate Awareness Bond with a notional amount of EUR650m and a six-year tenor issued by the European Investment
Euronext is reducing client trading fees for transactions in Dutch individual equity and index options. Fees for all retail investor transactions will be reduced from EUR0.40 cents to EUR0.31 cents as of 1 October, a reduction of almost 25 per
Less than a month after ruling on certain preliminary issues, the BVI court has ruled that the Madoff-related claim brought by Fairfield is unsustainable and should be dismissed, says law firm Harneys. In a judgment handed down in Road Town
Markit has appointed Matthew Kolby as head of investor relations. He reports to Jeff Gooch, chief financial officer, and is based in New York. Kolby has more than 17 years of corporate and advisory investor relations experience. He joins
The US CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a no-action letter for commodity pool operators (CPOs) that are non-registered investment companies that use wholly-owned trading subsidiaries to trade commodity interests. In the letter, DSIO does
The Alternative Investment Management Association has welcomed remarks by Jacques de Larosière, Lord Turner, Lord Myners and Sir James Sassoon on the European Commission’s draft
European credit investment manager Avoca Capital has appointed Lord James Blyth to its board as a non-executive director. Blyth (pictured) was formerly chairman of Diageo, a position he held for eight years to June 2008. He was formerly
Fixed income asset administrative and middle-office services and data provider Virtus Partners is teaming up with VPM, SunGard’s asset management business, to offer an integrated bank debt service. Scott Alintoff, chief operating officer of VPM, says: “An end-to-end loan administration,
Some 58 per cent of firms in Asia Pacific are not prepared for a shorter settlement cycle in Europe which will change from trade date plus three days (T+3) to trade date plus two days (T+2) in October. That’s according to
The Organisation for Economic Co-operation and Development’s Steering Group on Corporate Governance has hosted a high-level meeting involving representatives from the hedge fund industry a
