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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
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- Getting a Handle on Virtual Currencies - FINRA
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BNY Mellon to Launch European Securities Depository
[ by Howard Haykin ]
Bank of New York Mellon received regulatory approval to establish a central securities depository in Europe, the company announced in a press release. The CSD, to be headquartered in Belgium, will consolidate the bank's depository operations on the continent. Although the company already provides such services for Europe-based clients, it does so on an individual basis to various markets.
BNY Mellon veteran executive, Chris Prior-Willeard, will serve as CEO of the new unit. Mr. Prior-Willeard said that BNY Mellon was "responding to the current regulatory imperatives around issuance and settlement services" by the opening of the CSD. [ Motley Fool, via Daily Finance, 1/7/13 ]
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