The service will allow firms to automate their collateral management and comply with the impending margin regulations.
Agent lenders such as State Street and BlackRock have begun to accept ETFs as collateral.
A DTCC study suggests that collateral settlement failure costs are likely to soar when new rules come into force.
In order to raise cash fund managers will have to rely more on their clearing brokers to meet initial margin requirements.
Emily Portney left the bank on Monday to “pursue a new opportunity”, according to an internal memo.
The partnership could see increased buy-side activity in tri-party repo.
Brown Brothers’ STP interface is designed to enhance the collateral section process.
Aite Group's Virginie O'Shea takes a look at how the industry can automate its collateral management functions to cope with a new era of regulation.
Outsourcing collateral management can take the sting out of its cost and complexity but it has limits.