BNP Paribas

BNP Paribas Securities Services became a directly connected participant in T2S (TARGET2-Securities) upon the launch of the harmonised European settlement platform in Italy on 31 August. Since then, the bank has successfully migrated over 60,000 positions onto the platform and settled nearly 500,000 transactions on it.

Thomas Murray Data Services spoke to Alan Cameron, head of relationship management at BNP Paribas Securities Services about the European Central Bank’s landmark T2S (Target2-Securities) project, which started to go live this summer.

You can watch the interview below:

BNP Paribas Securities Services, already servicing settlement and custody arrangements for four Italian banks ahead of the go-live of T2S (Target2-Securities) in the country, has added the Banca Popolare di Milano Group to its mandate. Banca Popolare includes three banks: Banca Popolare di Milano, Banca Popolare di Mantova and Banca Akros.

BNP Paribas Securities Services has launched an outsourced service for firms filing their Annex IV reports under AIFMD (the Alternative Investment Fund Managers Directive).

Annex IV reporting is time-consuming and obligates hedge funds, private equity and real estate funds to fill in more than 300 data points before submitting this data to their relevant regulator 30 days after the end of the each quarter. Funds of funds are permitted to submit their Annex IV 45 days after the end of each quarter.

ESMA needs to clarify its position on limiting Ucits managers from collateral re-use as it could face unintended consequences