State Street Corporation has launched the Multi-Bank Global Trading Support Services (Multi-Bank GTSS), an online confirmation matching service.
Initially designed for foreign exchange transactions, the system will be expanded over time to incorporate other asset classes. Available on State Street’s multi-asset e-finance network, Global Link, Multi-Bank GTSS provides immediate confirmation of trade details.
Established in 1996, Global Link serves as State Street’s central e-finance network offering clients access to an array of e-finance and services across multiple asset classes.
By Janet Du Chenne
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
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Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).