ADVFN - Advanced Financial Network.
HOME» NYSE » B » BK Stock Price » BK Stock News

Bank of N Y Share News

 Bank of Ny Mellon Cp Stock Price
BK Stock Price
 Bank of Ny Mellon Cp Stock Chart
BK Stock Chart
 Bank of Ny Mellon Cp Stock News
BK Stock News
 Bank of Ny Mellon Cp Company Information
BK Company Information
 Bank of Ny Mellon Cp Stock Trades
BK Stock Trades

Bank of New York Forms New Unit to Grab More Collateral Business

--Bank of New York Mellon centralizes collateral-management functions in new unit --Move is in response to increasing regulatory requirements for collateral --Size of collateral market may grow by $2 trillion - TABB Group By Christian Berthelsen As new regulatory requirements force traders to post more collateral to back their market positions, Bank of New York Mellon Corp. (BK) is reorganizing business units to capture what it expects to be a growing market. The bank, which specializes in custodial services for institutional clients, is launching a dedicated collateral-management division drawn from existing but disparate services throughout the bank, to grab a larger slice of the assets backing trades that will have be held, moved and valued for the world's traders. Trading collateral may rise by as much as $2 trillion, according to a recent report by TABB Group, a capital-markets consultancy. Traders in some markets haven't had to post any collateral before. New rules under the Dodd-Frank financial-reform regulation and the Basel III capital requirements will bring public-trade clearing and reporting to many parts of the derivatives markets that didn't have them before, such as rate and credit-default swaps and, as a result, the clearinghouses handling those trades are going to require increased collateral posting. "It's just the view of the marketplace in that we're all trying to do a better job of managing our counter-party risk and market risk, and collateral is how you do that," said Kurt Woetzel, Bank of New York's head of global operations and technology, who will head the new unit. Write to Christian Berthelsen at christian.berthelsen@dowjones.com.

Stock News for Bank of N Y (BK)
DateTimeHeadline
10/17/201420:26:15Big Banks Start Charging Clients for Euro Deposits -- 2nd Update
10/17/201416:14:09Big Banks Start Charging Clients for Euro Deposits -- Update
10/17/201410:07:14MARKET SNAPSHOT: U.S. Stocks Rally; GE Rises On Earnings Beat
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
10/17/201409:14:03MARKET SNAPSHOT: U.S. Stocks: Futures Rally; Housing Starts Rise
10/17/201407:45:26MARKET SNAPSHOT: U.S. Stocks: Futures Rally Ahead Of Yellen...
09/30/201413:00:32Argentina Deposits $161 Million Bond Payment Locally
09/22/201416:20:59Argentina Wants BNY Mellon Out as Trustee -- Update
09/22/201413:40:19Argentina Wants BNY Mellon Out as Trustee
09/09/201416:20:14Lawmakers Press for Lower Risk from Big Banks
09/09/201416:01:35Lawmakers Press Regulators to Lessen Risks Banks Pose to Financial...
09/09/201402:17:07H-P's John Hinshaw Joins BNY Mellon Board
08/26/201411:15:20Argentina Revokes BNY Mellon's Operating Approval -- Update
08/26/201410:42:56Argentina Revokes BNY Mellon's Operating Approval
08/25/201423:50:39U.K. Suit Against BNY Mellon on Argentine Debt
08/14/201417:34:27Trian Fund Increases Stake in PepsiCo
08/08/201418:30:04Judge Threatens to Hold Argentina in Contempt
08/08/201418:26:34U.S. Judge Threatens to Hold Argentina in Contempt of Court
08/05/201416:10:12Trustees Seek More Time on Citigroup Settlement
08/05/201415:52:28Trustees Get Extension in Citigroup's Mortgage-Securities Settlement

Bank of N Y and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad