News archives

We are especially pleased to announce that not only did BNP Paribas achieve 1st place for their sub-custody services provided in Turkey for a 2nd consecutive year, but these results also mark the first industry recognition for 3 of our locations: Australia, Brazil and India.

Regulations like Dodd-Frank and EMIR have presented all participants in the global financial services industry with one of the largest work orders to-date in an effort to mitigate pre-2008 crisis conditions.

Under the new rules, standardized swaps will be required to trade on open, third-party platforms and be submitted for clearing to central counterparties. The rules also call for higher collateral and margin standards. The new laws, which phase-in from late 2012 throughout 2013, aim to mitigate systemic risk and boost transparency to the swaps marketplace.

In an era of increasingly scarce liquidity, some commentators suggest a total of $7 trillion in additional collateral will be needed by market participants to comply with the various reforms in the wake of the financial crisis.

In an event held in New York, our specialists shared our vast experience and knowledge on these various regulatory issues.

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Sophie Gautié, Head of strategy and corporate development, has been honored with a place on this year’s FN100 Women’s list.

Sophie's positive contributions to the financial industry brought her to the attention of financial journalists from the Financial Times and the Sunday Times.

Of the 100 women selected for this year’s FN100 Women’s list, Sophie is the only representative of a custodian bank! This achievement was celebrated at an official FN100 dinner in London on Monday, 26 November.

And from this elite group, editors of the Sunday Times chose the eight who, in their estimation, are the most influential female executives working in the European financial markets today. These women are at the forefront of redefining financial regulations to insure that the industry will not experience another global market meltdown.

To read the full articles, click on the links below:

“The Enforcers” from the Sunday times

http://www.thesundaytimes.co.uk/sto/business/Finance/article1152770.ece

"FN100 Influential Women” from the Financial News

http://www.efinancialnews.com/fn100

The National Commission for Data Protection and Liberties (Commission nationale de l’informatique et des libertés or CNIL) has awarded BNP Paribas Securities Services with its CNIL seal of approval in recognition of the outstanding quality of the BNP Paribas Securities Services France training program for the protection of personal information.

BNP Paribas Securities Services is the first French custodian bank to receive this honour. It is also the first time that this CNIL seal of approval has been awarded for internal training intended for a company's employees.

The CNIL "training" seal certifies compliance with the principles of the Data Protection Act. It is a mark of quality and contributes to training high-level experts on the protection of liberties and privacy. The methodology, materials and approach were all rigorously examined by the CNIL.

This seal of approval represents the regulator's recognition of BNP Paribas Securities Service's commitment to this initiative over the course of the past two years. It is also a concrete example of transforming a compliance challenge into a competitive advantage. By obtaining this seal, our bank actively demonstrates to its customers that protecting their personal information is an essential component of our services and internal processes.

BNP Paribas Securities Services was a proud winner at the annual Global Custodian Asia Awards for Excellence dinner held on 25 October in Hong Kong.

This year, for the first time, not only did we participate in the Global Custodian's 2012 Agent Banks in Major Markets (ABMM) survey, but our team received accolades for achieving the highest scores from clients in Hong Kong and Singapore! We received ‘Commended’ status in these two markets and would have been 'Top Rated' were it not for the longstanding rule that prevents a shift of more than one rating per year.

BNP Paribas Securities Services was further honored when Viraj Kulkarni, Head of India, was presented with a personal award for industry leadership in Asia. This new award is presented to individual men and women nominated by their peers in Asia for their outstanding personal and professional qualities. As the only individual from India selected for this award, this is a significant endorsement of our team's expertise and credibility in the region.

In a discussion of his efforts on behalf of BNP Paribas in India, Kulkarni told us,"I am humbled and motivated by this honor, the Global Custodian is a very well-read and respected publication for our industry.” Kulkarni attributes the success of the rapidly expanding local Asian market to BNP Paribas’ focus on the needs and concerns of their clients. The momentum of the market can only be sustained by a commitment to dedicated leadership -- the kind of leadership that draws and keeps our clients.

Our new local custody service allows us to provide post-trade solutions to multi-national banks, brokers and institutional investors. The product offering includes local clearing, settlement and custody of all major asset classes listed on the NYSE Euronext and NASDAQ OMX, and is directly linked to the US Depository Trust and Clearing Corporation (DTCC). The addition of the US to our proprietary network significantly increases the safety of our client assets held by BNP Paribas.

For over 25 years, Securities Services has been active in North America, with cash financing as its legacy business, along with its award-winning services such as hedge fund administration and US Correspondent Clearing for broker dealers. This addition of this new local custody service to our product offering demonstrates our commitment to meeting our clients’ needs.

To learn more about our offer, you can consult our Market reference guide.