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Aug 23 2019

A funny thing happened on the way to the fora (and what to focus on) …

23nd August 2019 Whilst sitting through one of the many industry forums the other day one of the participants used the pluralised term for forum – ‘fora’.  Along with the need to brush up on my Latin, this got me thinking about the effort in the industry to review and assess the impacts that SFTR […]

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Jul 23 2019

Pirum’s Simon Davies on achieving efficiency and regulatory compliance…

Achieving efficiency and regulatory compliance As the industry tackles the biggest challenges to its ecosystem since the financial crisis, Simon Davies of Pirum explains that new regulation, reduced income and increased competition all present headwinds The securities finance industry is currently grappling with what amounts to be the biggest challenge to its ecosystem since the […]

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Jul 23 2019

SFTR: less than a year to go

How can firms become compliant with SFTR ahead of its implementation date, which is just under a year away. Fabien Romero of IHS Markit and Simon Davies of Pirum explain… With Securities Financing Transactions Regulation (SFTR) due to go live in its first phase on 13 April 2020 there is now under one year for […]

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Jul 3 2019

Delta Capita, Pirum Systems and IHS Markit Align on Quality Assurance Testing for SFTR

APPROVED FOR RELEASE BY ALL PARTIES v1.1 FINAL Delta Capita, Pirum Systems and IHS Markit Align on Quality Assurance Testing for SFTR London, 2 July 2019 – Delta Capita, the international business & technology consulting and managed services firm, Pirum Systems and IHS Markit, announced today they will cooperate with an industry testing consortium to […]

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Jun 21 2019

Pirum in the Americas – An evolving company in complex times…

An interview with Nancy Steiker – Head of Business Development – Americas Pirum has been servicing North American based clients for many years. As the need for automation becomes more important in the Securities finance market, Pirum’s expansion into the North American market is well positioned and timed to help clients improve their daily processes. […]

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Jun 18 2019

Pirum expands its CCP Gateway service to Agent Lenders for Fixed Income & Equity clearing

Pirum expands its CCP Gateway service to Agent Lenders for Fixed Income & Equity clearing. The trade, which was executed by BNY Mellon on behalf of a pension fund client, originally faced Morgan Stanley as counterparty, the transaction, however, was ultimately cleared at Eurex, CCP, via Pirum’s CCP Gateway service. This transaction represents a major […]

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Jun 18 2019

Full end-to-end SFTR reporting test with Rabobank and DTCC

Pirum and IHS Markit are pleased to announce that we have run a full end-to-end SFTR reporting test for Repo with Rabobank and DTCC.  Allowing firms to capture the relevant report event / action combination and send this for successful submission to the TR. The testing included data ingestion, enrichment, validation, UTI creation, report creation […]

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May 29 2019

#1: SFTR blog ‘Testing,Testing, 1,2,3…’

29th May 2019 Simon Davies As a new starter to Pirum, I’ve been asked a lot of questions over the last few weeks both within our firm and from our clients, some of the bigger picture ones have included: How ready are we for go live?  How ready is the market for SFTR?  Everyone is […]

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May 3 2019

Securities finance technology symposium 9th May 2019

As firms grapple with the challenges of new regulation, increasing costs and the desire for transparency and efficiency in their data handling, the need to integrate and connect with counterparts, venues and service providers in a seamless cost-efficient way is greater than ever.  At Pirum we can help. Pirum is pleased to be sponsoring this […]

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Mar 21 2019

2019 – A Regulatory Red-Letter Year?

By Phil Morgan, Chief Operating Officer at Pirum Years that end in a “9” have a habit of being eventful. More particularly, they tend to be years of sea change. 1789 was the year of the French Revolution. The Peterloo massacre, a defining moment in British history, took place in 1819. The year 1939 requires […]

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Jan 29 2019

US Domestic Tri-Party Connectivity

Pirum extends North American offering with US Domestic Tri-party connectivity Pirum has recently globalized it’s tri-party connectivity service. By building on its existing real time connectivity to the 4 international tri-party agents (BNY Mellon, Clearstream, Euroclear & JP Morgan), Pirum is now able to assist clients in calculating and instructing collateral requirements (RQV) for US […]

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Jan 7 2019

Are Brains Blocking Business Change?

Written by Dr Patrick McCreesh of Simatree working alongside Pirum An organisation is only as good as its ability to evolve in today’s fast-changing environment. For most organisations this ability is directly linked to the ability of business leaders to understand change and help people adjust. An organisation changes one person at a time, but […]

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Nov 5 2018

Finadium Rates & Repo Conference: 5th November 2018 – New York NY

This year’s Finadium Rates & Repo Conference was well attended, with over 140 delegates including Banks, Hedge Funds, Beneficial Owners, Vendors and Infrastructure Providers. Panelists agreed that in recent years, there has been an increased blurring of siloed roles between securities lending and repo teams as firms strive for internal cooperation.  Firms have increasingly turned […]

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Oct 23 2018

Collateral in 2019 – Building today for tomorrow’s market

Pirum proudly sponsors, along with J.P. Morgan, ISF’s 2019 Collateral Annual whitepaper – read ahead as we explore the drivers of change, evolving disruption and the acceleration towards the future environment for collateral: ISF Collateral Annual 2019  

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Oct 19 2018

ISLA Post Trade Conference – Pirum’s Observations

Pirum had the pleasure of attending ISLA’s 9th annual post trade conference in London. The focus of debate was centered around the upcoming Central Securities Depositories Regulation (CSDR) which is scheduled to take effect in June 2020. It was suggested that CSDR along with SFTR could well reshape behaviour in the Securities Finance market in […]

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Oct 18 2018

SFTR: A Significant Challenge

Pirum’s Robert Keane, and Fabien Romero of IHS Markit discuss the upcoming challenges of regulatory reporting and the importance of understanding SFTR. Read more here: Securities Lending Times – SFTR

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Oct 10 2018

RMA: Jim Malgieri returns to the industry at Pirum

Industry veteran Jim Malgieri, speaks to the Securities Lending Times about his career, the future of securities lending and why he made the decision to return to the industry – read more here: RMA Jim Malgieri Jim Malgieri Strategic Advisor Pirum Systems Ltd

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Sep 26 2018

AIMA Journal: SFTR – An overview of the key challenges

Although the dust has barely settled from the implementation of MiFiD II earlier this year, the regulatory requirements facing EU domiciled firms shows no sign of abating. The Securities Finance Transaction Regulation (SFTR) first came into effect on 12 Janurary 2016, however, with multiple EMIR rewrites, MiFiD II, Brexit and GDPR stealing the headlines, it […]

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Sep 25 2018

Finadium: Technology for Collateral, Liquidity and Balance Sheet Management

Securities Finance Traders, Product Managers and Technology professionals across Wall Street stepped away from their desks last month to participate in Finadium’s “Technology for Collateral, Liquidity and Balance Sheet Management” event, of which Pirum was a proud sponsor. Why? to understand the current and future states of data aggregation and the role technology will play […]

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Sep 19 2018

ISF Awards 2018 – GLOBAL WINNERS

Thank you to all of our clients for recognising Pirum’s continued excellence at the ISF Securities Finance Awards. Pirum was voted ‘Best Post-Trade Services – EMEA, Americas & Asia-Pacific’ for the third year running as well as the inaugural award winner for our CollateralConnect Service, voted this year’s best ‘Software Solution’. Congratulations to the global […]

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