BNY Mellon Tax and Regulatory Client forum held
The third annual BNY Mellon Tax and Regulatory Client forum was held in New York.
The major topics discussed by BNY Mellon and invited speakers were the economic and political landscape, the evolving tax and regulatory environment and emerging financial services industry trends.
The overall consensus of the panel, was that the current environment is one of potentially reviewing and revising the reforms put in place post financial crisis. Below is a snapshot of major panel themes, as moderated by Linda Pizzuti, Global Product Manager Regulatory Initiatives, BNY Mellon:
Director, Quant Analysis, BNY Mellon Wealth Management Steve Kolano spoke about the evolution of politics and how it can potentially impact capital market performance. "Post financial crisis and using the S&P 500 as an example, the markets are up 275%- at the core of that has been accommodative monetary policy as a support to asset prices, and a subset of policy is politics." Adding, "Today, you can't go to any part of the world without talking about politics, policy and/or reform. These themes are having a clear impact and are helping to influence cumulative returns in the global markets."
Meanwhile, BNY Mellon was appointed by First State Investments to provide global custody, fund accounting, transfer agency, trustee and depositary services for the First State Investments ICVC.
BNY Mellon is a global leader in investment services and investment management. First State Investments is an international investment management business with over £127.5* billion in assets managed on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.
Rachel Turner, Business Executive, BNY Mellon, said, "We are delighted to extend our partnership with First State Investments and committed to providing them with high quality servicing support and helping them execute their stated aim of providing the best possible outcomes over the long term to their investors."
Amazon CEO Jeff Bezos seen at a tech conference in California USA.