On October 15^th, Treasurers investing in prime (i.e. non-government) money market funds will face the consequences of the SEC’s 2a-7 reform on money market funds. The most talked about impact of this legislated reform is the introduction of a floating net asset value for these prime funds. In fact, in the 2016 AFP Liquidity Survey respondees were not only talking about it, but suggesting they would abandon prime funds for the perceived safety and liquidity of government funds or bank products.

Despite utilizing an increasingly wide array of IT suppliers, the majority of Nordic companies and organizations do not have a model for integration and management of IT services (Service Integration and Management - SIAM). Almost every fourth organization state that they have no coordinating system in place at all. This is concluded in a new study conducted by the analyst company IDC on behalf of software and services company Tieto.

Northern Trust has established a securities lending trading desk and appointed a senior foreign exchange sales representative in its Sydney, Australia office. This latest announcement underlines Northern Trust’s continuing expansion across the Asia-Pacific region.

“We are delighted to establish a capital markets presence in Australia,” said Dane Fannin, head of capital markets, Asia-Pacific Northern Trust. “Growing Northern Trust’s geographic footprint in the region maximizes trading capabilities and service for our clients.”

NCR Corporation, the global leader in omni-channel solutions, has developed a completely new concept called the NCR Innovation Experience Room, an experiential “playground” that gives financial institutions the opportunity to build digital literacy among employees and customers, enabling them to seize current megatrends in ways that are mutually beneficial to the business and their customers. Volksbank eG Schwarzwald Baar Hegau, one of the largest cooperative banks in Germany, is the first to introduce the new breakthrough concept.

Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Dime Community Bank implemented its BancWorks® employee intranet to engage employees and increase its file sharing efficiencies across its 25 branches.