The project focuses on the successful implementation of a new investment product, "Carbon Emissions Trading," at BNP Paribas. Our main objective is to enable clients to actively participate in the global CO2 emissions trading market, fostering their engagement in climate change mitigation. Our dedicated project team oversees the entire lifecycle, from inception to deployment, ensuring seamless integration. Collaborating closely with stakeholders, we identify business requirements and functional specifications for the trading platform. The implementation phase entails selecting and customizing a suitable vendor solution, followed by rigorous testing and smooth deployment. 

The project aimed to address the compliance requirements of the EMIR REFiT regulatory framework by acquiring and implementing a regulatory reporting application. The project team was responsible for the entire lifecycle of the project, from requirements gathering to implementation, testing, and deployment. The project involved collaborating with stakeholders to identify business requirements and functional specifications for the application. The implementation phase of the project involved the selection and customization of a suitable vendor solution, followed by the configuration, testing, and deployment of the application. Finally, the project team provided training and support to ensure successful adoption and ongoing compliance with the EMIR Refit regulations. 

The intragroup merger of BNP Paribas Securities Services SCA with its parent company BNP Paribas SA took place on 1 October 2022. Whilst Securities Services products and services remain unchanged as a result of the merger, BNP Paribas Securities Services SCA ceased to exist as a distinct legal entity. Therefore, the new legal entity facing our clients from the merger date is BNP Paribas SA. From this date, our clients or their potential partners should use the legal information of BNP Paribas SA, in lieu of those of BNP Paribas Securities Services, for identification purposes. 

The Swiss lender sought a licence from the Bank of Spain and the European Central Bank in July to upgrade its brokerage in the country to a bank. Credit Suisse said its priority has always been to ensure it maintained access to European Union clients and markets regardless of the outcomes of the Brexit process. The decision to move part of its operations to Madrid was made after considering costs, employees’ preferences among other factors, Bunge told Expansion. Many big banks have already opened up hubs in Frankfurt, Paris and elsewhere in the bloc to continue serving customers there, while EU banks in London like ING have begun shifting some staff home. 

While stock classes indicate the number of voting rights per share, mutual fund classes indicate the type and number of fees charged for the shares in a fund. Mutual fund companies can have seven or more classes of shares for a particular fund. However, there are three main types of mutual fund classes: A, B, and C. They are also known as A-shares, B-shares, and C-shares. 

Mutual funds often offer several share classes to investors. Each class invests in the same portfolio of securities and has the same investment objectives and policies. However, their fees and expenses differ, which impact their performance. Other parameters, such as initial investment amounts, may differ as well.