UK - ABN Amro and Mellon have received regulatory approval for their 50-50 custody joint venture, ABN Amro Mellon Global Securities Services.
The global custodian officially began operations at the start of the year.
It currently has more than 110 clients in 26 markets and approximately E250bn (£163.2bn) in assets under custody.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.