Waters Wavelength

Dan welcomes on Bruno Campenon, Americas head of custody and clearing services for BNP Paribas Securities Services, to discuss CME Clearing’s recent approval of the French bank to serve as a custodian for US Treasury and federal agency securities (6:15). He then talks about what differentiates the firm in the custodian space (9:30). Bruno explains a new service around the recently implemented uncleared swap margin rules (15:30) and the impact new capital requirements will have on custodians (18:00). He also chats with Dan about BNP’s interest in blockchain (20:45), his previous roles at NASA, IBM and Chanel (27:23), and extraterrestrial life (34:10). Dan and Anthony wrap things up talking about the MLB playoffs (36:13).