NEWS

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Mainframe failure at HSBC takes down electronic channels

Banking Technology - 08 January 2010

HSBC has confirmed that a mainframe failure at 1200 GMT today caused a failure of the ATM network and online...

CFTC chairman puts OTC market "at heart of crisis"; proposes US reforms

Banking Technology - 07 January 2010

Chairman of the Commodity Futures Trading Commission Gary Gensler has voiced his support for centralised clearing of OTC derivatives in...

Appointments: O'Connor replaces Edmonds as chief executive of IDCG

Banking Technology - 07 January 2010

The International Derivatives Clearing Group board of directors has appointed Garry O'Connor as chief executive of IDCG, effective immediately. O'Connor...

SEI takes advantage of new Advent and Virtus partnership

Banking Technology - 07 January 2010

SEI's bank loan operational outsourcing package is now using Geneva, Advent Software's portfolio management and fund accounting system, to increase...

Electronic bond trading on Deutsche Börse suspended

Banking Technology - 07 January 2010

Deutsche Börse's electronic bond trading platform Xetra has had to halt operations after two participants, whose applications for a trading...

Appointments: di Florio is new director of SEC Office of Compliance Inspections and Examinations

Banking Technology - 06 January 2010

Carlo di Florio has been named director of the agency's Office of Compliance Inspections and Examinations. He comes to the...

EU corporates call for exemptions on OTC clearing proposals

Banking Technology - 06 January 2010

More than 160 non-financial companies based in Europe including BAE Systems, SAP and Experian, have signed a letter to the...

Temenos buys rival Viveo for $81 million

Banking Technology - 06 January 2010

Temenos has signed a definitive agreement to acquire Viveo Group, the French core banking systems provider. The price of the...

SunTrust boosts ATM network with ACI

Banking Technology - 06 January 2010

SunTrust Bank has gone live with ACI Communication Services for Advanced Networking. The system is intended to bring its ATM...

Northern Trust expands OTC valuation capabilities

Banking Technology - 06 January 2010

Northern Trust has upgraded its platform for processing over-the-counter derivatives to provide daily independent pricing for structured products and other...