An Evolution in Business-to-Business Payments

The number of checks being processed has diminished but the amount of paper that accompanies business payments continues to escalate. Is your wholesale lockbox solution keeping up with the times?

Author:   Blaine Carnprobst
Business:   Treasury Services
Publication date:   October 2008

Mitigating Investment Risk with Central Beta Exposure Managers: Six Case Studies

As more investors look to derivatives to implement innovative investment strategies, BNY Mellon Beta Management discusses the potential advantages of working with experienced central beta exposure managers who specialize in risk management and the efficient implementation of derivatives programs.

Authors:   Jamie Cashman, Keith Eiger, Jay Kwon
Business:   Investment Management
Publication date:   December 2010

European Securities Settlement: Steps Toward Harmonization

The evolution of the European Union (EU) has meant rapid integration across its member nations to form a more cohesive governance model. Much of this transformation has occurred in the financial markets, from the creation of the European Central Bank to the adoption of a common currency. As a way to bring about further harmonization among its various financial markets, European leaders have agreed that a uniform schedule must be implemented for trade settlement across the different EU nations.

Author:   Jim Cecere
Business:   Asset Servicing
Publication date:   May 2011

Money Fund Intelligence: Money Market Funds Ready to Transact Non-$1

Reprinted with the permission of Crane Data LLC

On October 31, the last directive in the SEC's Money Market Fund Reform amendments to the Investment Company Act will come into effect. Funds must be in compliance with a processing mandate requiring the fund to have the capacity to redeem and sell its securities at a price based on the fund's current net asset value per share, including the capacity to sell and redeem shares at prices that do not correspond to the stable net asset value or price per share. Jim Cecere, Managing Director of Global Product Management for U.S. Financial Institutions, discusses the issues and challenges of the new regulation.

Author:   Jim Cecere
Business:   Asset Servicing
Publication date:   October 2011

Risk Appetite at the Crossroads

Reprinted with the permission of SourceMedia, Inc.

In light of recent market volatility and dramatically changed investor risk appetite in the wake of the recession, Jim Cecere, Managing Director for Global Product Management talks about the changes in the types of products asset managers are launching and other trends in the marketplace.

Author:   Jim Cecere
Business:   Asset Servicing
Publication date:   September 2011

Money Funds at Continued Cross Roads

Reprinted with the permission of SourceMedia, Inc.

Given the authority granted to the Financial Stability Oversight Council and the Federal Reserve by the Dodd-Frank Act, these regulators have been provided with a broad brushstroke to implement financial reform. With the intention of creating a stronger and more stable money market, the impact will most likely be increased oversight, further reporting requirements and more stringent guidelines designed to reduce potential systemic risk by a nonbank financial company.

Author:   Jim Cecere
Business:   Asset Servicing
Publication date:   October 2012

Twenty Years of Legends

Profiles of the men and women who made the security services industry what it is today.

Author:   Arthur Certosimo
Business:   Broker-Dealer Services
Publication date:   September 2009

Global Custodian: Hedge Funds and Prime Brokers - Converging?

The rescue of Bear Stearns and the collapse of Lehman Brothers have made institutional investors in hedge fund strategies rethink counterparty risk. Highlights from a conversation with Art Certosimo, Senior Executive Vice President, BNY Mellon.

Author:   Art Certosimo
Business:   Broker-Dealer Services
Publication date:   April 2009

Global View

Reprinted with the permission of Euromoney Institutional Investor PLC

In a recent interview with Global Investor, Nadine Chakar, global head of BNY Mellon's Derivatives360 business, explained how the business -- which spans the entire life of a derivatives transaction -- is developing and offered her reaction to regulatory reform.

Author:   Nadine Chakar
Businesses:  Asset Servicing, Broker-Dealer Services, Collateral Services
Publication date:   October 2012

Just Who is Your Debt Restructuring Information Agent?

The trend in recent years has been for small information agents to assume a much larger role in debt restructuring. Buyers of their services, in the same way as they assess counterparty risk, should apply an equally rigorous scrutiny of their strength and transparency. BNY Mellon explores this trend and assesses the risks that are sometimes involved.

Authors:   Sonia Chaliha, Erin Courcey
Business:   Corporate Trust
Publication date:   November 2011