BNY Mellon

Collateral Management, Investments

BNY Mellon, collateral management, HazelTree, JPMorgan, Northern Trust, topstory

Calls for the buy-side to take greater responsibility for their collateral activities have been heard for years in the securities finance industry, including in this publication. The argument was that…

BNY Mellon onboards first buyside firm for new tech platform

February 27, 2020

automation, BNY Mellon, data management, Liontrust Asset Management, technology

BNY Mellon has onboarded Liontrust Asset Management as the first end-to-end client on its new Investment Operations platform. The open architecture platform will improve automation and integration capabilities, and offer…

P&I: Institutional money managers on tech investment in 2020

January 13, 2020

BNY Mellon, money market funds, PGIM, State Street, Vanguard, Willis Towers Watson

For money managers, implementing tech-driven efficiencies throughout the business will contribute to a competitive edge in the current landscape, said Taimur Hyat, chief operating officer at PGIM in Newark. “I…

BNY Mellon joins MAS’ ethical AI initiative for financial industry

November 16, 2019

ASEAN, BNY Mellon, ethical AI, MAS

BNY Mellon announced that it has joined with other financial industry market participants to create a framework for financial institutions to promote the responsible adoption of artificial intelligence and data…

What to expect at Rates & Repo 2019 next week

October 28, 2019

Federal Reserve, Interest rates, Repo, Technology

BNY Mellon, DTCC-Euroclear Global Collateral, Federal Reserve, Rates & Repo 2019, Repo, Standing Repo Facility, topstory, Tradeweb

We’re excited to produce our Rates & Repo 2019 conference in New York on Monday, November 4. With an excellent slate of speakers and over 150 registered attendees so far,…

BNY Mellon: signs point to wider adoption of ETF collateral

October 3, 2019

BNY Mellon, collateral, ETFs

The market for exchange-traded funds (ETFs) has skyrocketed over the past quarter-century, thanks to the trillions of dollars investors are put¬ting to work in passive, index-tracking strategies. What hasn’t yet…

Treasury Collateral Balances Soar

October 3, 2019

Peter Madigan

Collateral Management, Investments, US

BNY Mellon, collateral management, topstory, treasuries

US government debt has risen to the apex of global collateral and securities finance over the past decade. New data from BNY Mellon reveal just how central Treasuries are in…

AcadiaSoft and BNY Mellon deliver all-in-one collateral workflow to clients

September 19, 2019

AcadiaSoft, BNY Mellon

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced a new initiative with BNY Mellon that will allow buy-side market…

Institutional crypto weekly roundup

September 19, 2019

Bank for International Settlements, BIS, blockchain, BNY Mellon, CPMI, crypto derivatives, crypto regulation, digital asset servicing, stablecoins, VanEck

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Reuters: Germany passes blockchain strategy to fight parallel currencies Germany has passed a…

BNY Mellon announces partnerships with Bloomberg for data, AcadiaSoft for buy-side collateral management

September 18, 2019

AcadiaSoft, Bloomberg, BNY Mellon, collateral management, data analytics, UMR

BNY Mellon and Bloomberg announced a strategic alliance that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance solution. The new connectivity…

ISDA Create to Add New Custody Function for Initial Margin

September 4, 2019

BNY Mellon, Custody, ISDA Create

The International Swaps and Derivatives Association, Inc. (ISDA) and Linklaters have announced the addition of a new custody function on ISDA Create’s initial margin (IM) offering, which will enable users…

BNY Mellon and AcadiaSoft break ground for collateral outsourcing

May 20, 2019

Automation, Technology

AcadiaSoft, automation, BNY Mellon, Initial Margin, non-cleared derivatives margin

In a recent announcement, BNY Mellon claimed to have solved the “last piece of the collateral puzzle” for buy-side derivatives clients facing non-cleared margin rules still being phased in. The…

Should US repo be priced off of OBFR, SOFR or IOER? (Premium)

May 8, 2019

Repo, Short Term Interest Rate Benchmarks, SOFR

BNY Mellon, GCF, OBFR, Repo, SOFR, topstory

We’ve been hearing recently about differing views of US repo benchmarks for pricing that are creating some confusion. Some banks want to price off of IOER, reflecting their opportunities to…

BNY Mellon and AcadiaSoft partner for non-cleared margin calculations outsourcing

May 7, 2019

AcadiaSoft, BNY Mellon, non-cleared margin

Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon. Going forward, clients can…

Fintech weekly deals and partnerships round-up

Torstone acquires cloud compliance tech company Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced that it’s agreed to acquire Percentile, a provider of real-time, cloud-based…

BNY Mellon and BlackRock partner to deliver data and technology on the Aladdin platform

April 4, 2019

Aladdin, Blackrock, BNY Mellon

The Bank of New York Mellon Corporation (“BNY Mellon”) and BlackRock, through its BlackRock Solutions business, announced today a strategic alliance to deliver integrated data, technology, and asset management servicing…

How custodians are evolving client-facing tech: BNY Mellon (Premium)

March 7, 2019

Big Data, Custodians, Technology

BNY Mellon, cloud technology, Custodians, data management, NEXEN, topstory

As part of a series on how custodians are evolving client-facing technology, we spoke with major players about the way in-house development and relationships with bigtech and fintech are developing.…

BNYM fintech director says advanced tech means performance pros are storytellers

January 6, 2019

APIs, asset managers, BNY Mellon, cloud, Eagle Investment Systems, performance measurement

In an article for the Journal of Performance Measurement, Mark Goodey, director and senior principal of investment analytics at Eagle Investment Systems, a BNY Mellon firm, provides some thought-provoking ideas…

BNYM purchases Trading Apps’ agency lending IT and IP

December 13, 2018

News and Notes, News and Notes – Fintech

BNY Mellon, Trading Apps

On November 29th, BNY Mellon purchased the agency securities finance software and associated intellectual property of Trading Apps, the UK-based provider of market-leading front-end software. The transaction will deliver substantial…

BNY Mellon first tri-party collateral provider for China mainland-Hong Kong trading link

June 6, 2018

BNY Mellon, Stock Connect, tri-party

BNY Mellon is the first tri-party agent to provide collateral services for securities settled through Hong Kong Stock Connect, supporting growing cross-border trade volumes into and out of China. The bespoke…

FISL London 2018: reputational risk and liquidity hurdles to buy-side adoption of emerging market infrastructures

May 9, 2018

FISL, Securities Lending

Aberdeen Standard Investments, All to All, blockchain, BNY Mellon, DBVX, DTCC, Euroclear, peer to peer, topstory

If there are mavericks in the emerging landscape of securities lending, surely it’s the matching platforms and blockchain that are making some waves, with one of the major reasons being…

BNY Mellon research finds prime funds have superior yields and consistent stability

April 27, 2018

BNY Mellon, prime funds

Prime funds can sometimes be overlooked by investors in favor of government and treasury funds. A new piece of analysis based on data from BNY Mellon’s Liquidity DIRECT reveals that…

BNY Mellon report shows central banks diversifying in search for yield

February 7, 2018

BNY Mellon, Central Banks

Central banks undertake ‘gradual but definite expansion’ of investment activities that look beyond their traditional boundaries, says a report by BNY Mellon in collaboration with Cambridge Judge Business School. As…

BNY Mellon works with Volante for real-time payment tech

January 30, 2018

BNY Mellon, Payments, settlement, Volante Technologies

Volante Technologies announced that it’s been collaborating with BNY Mellon on creating and deploying technology to enable real-time payments in the US and internationally. As part of BNY Mellon’s payments…

How did US and European repo markets fare at the end of 2017? (Premium)

January 3, 2018

ECB, Europe, Repo, Tri-Party Repo, US

BNY Mellon, DTCC, ECB, Federal Reserve, GCF, Repo, RepoFundsRate, Reverse Repo Facility, topstory

US and European repo markets got a bit tetchy last week as the year closed but not as bad as 2016. We review the data and offer some observations. Continue…

FRB announces final plans for three new repo reference rates

December 10, 2017

alternatives to LIBOR, BGCR, BNY Mellon, DTCC, Federal Reserve Bank of New York, Federal Reserve Board of Governors, SOFR, TGCR

The Federal Reserve Board announced final plans for the production of three new reference rates based on overnight repurchase agreement (repo) transactions secured by Treasury securities. The three reference rates…

How many tri-party agents should there be? (Premium)

October 9, 2017

Europe, Repo, Tri-Party Repo, US

BNP Paribas, BNY Mellon, JP Morgan, topstory, tri-party

The announcement last week that BNP Paribas has entered the European tri-party market begs the question: is a fifth (or eighth, by some counts) tri-party agent necessary? This question can…

Pirum and IHS Markit in SFTR tie-up with six firms

October 2, 2017

BNY Mellon, Brown Brothers Harriman, Deutsche Bank, eSecLending, IHS Markit, J.P. Morgan, Pirum, Rabobank, regtech, SFTR

IHS Markit is partnering with six leading securities finance market participants as part of its ongoing effort with Pirum Systems to build a solution to address Securities Finance Transaction Regulation…

BNY Mellon and Hazeltree to simplify buy-side cash management

October 1, 2017

BNY Mellon, collateral optimization, HazelTree, treasury management

BNY Mellon and Hazeltree, a provider of treasury solutions, have joined forces to deliver an independent platform that streamlines cash management for buy-side and corporate firms. The initiative delivers BNY…

Bloomberg: repo traders on edge from BNYM’s “monopoly”

September 18, 2017

Come mid-2018, the Bank of New York Mellon will be solely responsible for ensuring almost $2 trillion of securities financed by repurchase agreements are cleared and settled each and every day. With…

WSJ article stokes fears of one US tri-party repo clearer: did they get the story right?

September 5, 2017

Repo, Risk Management, Systemic Risk, Tri-Party Repo, US

BNY Mellon, BNYM, fire sales, Repo, topstory, tri-party, WSJ

The headline of a Wall Street Journal article from Wednesday, August 30 2017 seemed to sound an alarm: “New Worry in ‘Repo’: Just One Bank for $3.5 Trillion Market.” While…

Risk: Goldman and Federated first to clear MMF repo trades

August 31, 2017

BNY Mellon, DTCC, Federated Investors, FICC, Goldman Sachs, money market funds, Repo

Goldman Sachs Asset Management and Federated Investors have become the first money market fund managers to clear their US Treasury repo trades at the Fixed Income Clearing Corporation, a subsidiary of the Depository…

Are the buy side and sell side on the same page about the direction of prime brokerage?

July 3, 2017

Richard Stinchfield

Hedge Funds, Investments, Liquidity Management, Prime Brokerage, US

BNY Mellon, buy-side, Finadium, financing, hedge funds, Liquidity, Prime Brokerage, topstory

BNY Mellon released the results of a buy-side survey on liquidity and financing on June 26th. How closely do the concerns and attitudes of investors towards their liquidity and financing…

BNY Mellon Research Finds Collateral Pressures Impacting Most Buy-Side Institutions

June 26, 2017

BNY Mellon, collateral, Liquidity, PwC

The global buy-side community finds itself under intense liquidity and funding pressures in 2017. Across the world, financial institutions face new mandates to collateralize OTC derivatives trades, requiring them to…

BNY Mellon creates new subsidiary for government clearance and tri-party repo

May 31, 2017

BNY Mellon, tri-party

NEW YORK, May 31, 2017 /PRNewswire/ — The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) has formed a wholly-owned subsidiary, BNY Mellon Government Securities Services Corp., designed to further enhance capabilities,…

BNY Mellon says that Sovereign Wealth Funds set to benefit in seclending and repo

November 15, 2016

BNY Mellon, sovereign wealth funds

Sovereign wealth funds (SWFs), and in many instances asset owners, are well positioned to bene t in the securities lending and repo markets as banks and buy-side market participants increasingly…

Spreads of 76 bps in repo indices show challenge of best execution in US repo markets (Premium)

November 3, 2016

CCP, Investments, Money Market Funds, Repo, RRP, Tri-Party Repo

BNY Mellon, GCF Repo, Repo, topstory, tri-party

We’ve completed an analysis on the last three months of data from DTCC’s GCF Repo(R) index and BNY Mellon’s tri-party repo index, focusing on US Treasuries. The spread on these…

BNYM: Sovereign Institutions See Securities Lending as Opportunity to Boost Returns

October 12, 2016

BNY Mellon, Securities Lending, sovereign wealth funds

LONDON and NEW YORK, Oct. 11, 2016 /PRNewswire/ — Sovereign institutions are considering expanding their commitment to securities lending to increase returns and to help alleviate what they perceive as a threat to liquidity…

Finadium and six leading financial institutions announce new Securities Lending conferences for 2017

August 1, 2016

Collateral Management, Europe, Repo, Securities Lending, US

BNY Mellon, Brown Brothers, Citi, collateral management, conferences, eSecLending, Finadium, JP Morgan, Repo, Securities Lending, State Street, topstory

BNY Mellon, Brown Brothers Harriman, Citi, eSecLending, J.P. Morgan and State Street, along with Finadium, the specialist consultancy in securities finance and asset servicing, announce two new securities lending conferences…

JP Morgan exits GCF Repo® clearing – what does this actually mean?

July 25, 2016

Credit Exposure, Primary Dealers, Repo, Tri-Party Repo, US

BNY Mellon, DTCC, Federal Reserve, GCF Repo(R), JP Morgan, topstory

The news came out last week that JP Morgan would be exiting GCF Repo® clearing. Actually, several media organizations reported that JPM was to stop settling government securities, which isn’t…

If BNYM hits it big with DBV-X, where does that leave GCF(R) Repo? (Premium)

June 20, 2016

CCP, Repo, Technology, Tri-Party Repo

BNY Mellon, DBV-X, DTCC, GCF, Repo, standardized baskets, topstory, tri-party

With all the changes currently going on in the market, if BNY Mellon’s recent purchase of DBV-X goes through and is a success, will that impact the DTCC’s GCF(R) Repo…

Webinar replay: Trends in Non-cash Collateral

June 15, 2016

Collateral Management

BNY Mellon, Calypso, collateral, non-cash, Societe Generale, topstory

Click here to view the replay of Trends in Non-cash Collateral, our June 15 2016 webinar, sponsored by BNY Mellon and Calypso Technology.

BNYM working on blockchain for securities lending with IBM

May 3, 2016

blockchain, BNY Mellon, IBM, securtiies lending

ARMONK, N.Y. – 29 Apr 2016: Since blockchain is an emerging technology, until now there has been little clarity on the requirements to securely operate blockchain networks in the cloud.…

US agencies reject seven banks on living wills – what actually happened with BNYM and State Street? (Premium)

April 19, 2016

Dodd-Frank, Regulatory, Systemic Risk, US

BNY Mellon, Dodd-Frank, FDIC, Federal Reserve, Living Wills, State Street, topstory

The Federal Reserve and FDIC announced last week that they had rejected the living wills of seven major US banks (five of them were rejected by both regulators and two…

BNY Mellon enhances collateral management service with Japanese debt expertise

April 5, 2016

BNY Mellon has introduced an innovative and distinctively Japanese-flavored cross border solution that significantly enhances the company’s service to collateral management clients. Leveraging in support of collateral management clients the…

BNY Mellon: Collateral Management: Navigating the Regulatory Maze

March 9, 2016

BNY Mellon, collateral management

As a result of the 2008 financial crisis and resulting suite of regulatory changes, the market has been driven to recognise the significance of collateral and its value in trading…

BNYM/PwC: The Future of Wholesale Funding Markets

December 10, 2015

US tri-party reform is just the first step in the evolution of wholesale funding markets, according to new joint BNY Mellon-PwC study LONDON, NEW YORK, December 10, 2015 – Market…

Inter-clearer FICC tri-party trading at DTCC will come to an end in July, 2016. Did the Fed just get impatient?

November 11, 2015

Jonathan Cooper

CCP, Collateral Management, Credit Exposure, Federal Reserve, Regulatory, Repo, Systemic Risk, Tri-Party Repo

BNY Mellon, FICC, JP Morgan, Repo, topstory, tri-party repo