BNY Mellon Appointed Trustee for Landmark AUD 75 MillionCatastrophe Bond Domiciled in Singapore

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BNY Mellon, a global leader in investment management and investment services, has been appointed Indenture Trustee, Reinsurance Trustee, Paying Agent, Account Bank, Singapore Security Trustee, and Trust Accountant for an AUD 75 million Singaporean Catastrophe (Cat) Bond transaction by Insurance Australia Group (IAG). Cat Bonds are risk-linked securities designed to protect insurers against the risks […]

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BNY Mellon supports Australia’s first commercial thermal waste-to-energy plant

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BNY Mellon has announced its appointment as Facility Agent & Security Trustee for an A$400m project finance facility by Macquarie Capital. The facility arrangement will fund construction of Australia’s first thermal Waste-to-Energy (W2E) power generation facility in Kwinana, Western Australia. The transaction closed on October 18, 2018. When complete, the facility will process up to […]

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BNY Mellon and Deutsche Bank launch chatbots to deliver faster status information flow

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BNY Mellon and Deutsche Bank have announced the integration of their chatbots built on the Symphony platform which will result in a more seamless flow of information for clients trading securities on the Hong Kong Stock Exchange. The chatbots will improve the workflow efficiency between both organizations and the client experience. Building on an award-winning […]

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BNY Mellon Launches Triparty Collateralization through Stock Connect

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BNY Mellon is the first triparty agent to provide collateral services for securities settled through Hong Kong (HK) Stock Connect, supporting growing cross-border trade volumes into and out of China. The bespoke solution expands the range of eligible collateral available to investors, just as international interest in Stock Connect gathers steam. Beginning June 1, 2018, […]

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Outcome of the recent EU summit

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The measures taken at the summit are a significant step forward in terms of stabilising the region’s financial markets, says Standish’s Brendan Murphy. However, we are yet to see a detailed roadmap to Eurozone fiscal and political union and further policy action from the ECB is likely in an attempt to boosts the European Stability Mechanism’s […]

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Newton looks to South East Asia as China slows

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Concerns over China’s economic growth are broadly priced into markets and we would describe our view of the country as cautious rather bearish. “Markets reacted negatively to a wide range of disappointing macroeconomic data in May, and we believe that there will be more negative data to come,” says Jason Pidcock, manager of the Newton […]

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Global economy is rebalancing down

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The global economy is rebalancing down, as the stresses on the developed economies have increased.  Odds therefore favor a global growth recession rather than a full-scale global recession, according to BNY Mellon Chief Economist Richard B. Hoey in his September 2011 Economic Update. “The key to the global economic outlook is whether the resolution of […]

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Market downturn could persist for another one to three months – BNY Mellon Asset Management

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The current market downturn sweeping the United States and Europe is expected to persist for another one to three months and will not be as bad the 2008 financial crisis, according to Jack Malvey, chief global market strategist for BNY Mellon Asset Management. “The worst case would be a mild brief recession, but we are […]

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