News and Notes

BoC expects to end QT and restart asset purchases mid-year 2025

Trading Apps is plugging into Credit Benchmark data for same-day ALD

ECB and EBA team up for 2025 stress tests with geopolitical worst case scenario

ACC responds to IMF warnings on synthetic risk transfer

AIMA on US SEC dealer rule appeal

ECB’s SESFOD show rise in secured funding demand and liquidity deterioriation

RBI starts daily repo auctions after assessing liquidity conditions

UK PRA announces Basel delay to Jan 1 2027

HQLA^X gets IT systems license from Lux FS regulator

NY Fed expects quarter-end money market dynamics to repeat

J.P. Morgan’s Byrne on building an ISO 20022-native back office

FSB releases analytical framework and toolkit for climate risk

Politico: US Treasury’s China hack came through vendor

CIRO proposes close-out requirements for short selling

Seeking Alpha: Hindenburg calling it quits is a sign of the times

UK government passes post-Brexit short selling reform

Broadridge adds genAI analytics to multi-asset post-trade

Reuters: Trump’s new SEC leadership poised to kick start crypto overhaul, sources say

ECB: System-wide implications of counterparty credit risk

ECB: Central clearing and the growing presence of non-bank financial intermediation in euro area government bond repo markets

ECB: Measuring synthetic leverage in interest rate swaps

Davies survey finds FS pros “overwhelmingly positive” on apprenticeships in UK

BoE enters CBDC design phase but does not commit to issuance

Arcesium to scale Neuberger’s asset-based financing operations

Risk: Emir error reports costing millions for dealers

Global authorities publish final reports on margin

BBH on the 2025 regulatory outlook: “organized chaos”

Portugal’s Novobanco to consolidate treasury using Nasdaq Calypso

ICMA releases Q1 2025 report with repo and collateral market updates

NIST: “refrigerator” paves way for less error-prone quantum computers

Financial Post: RBC leads capital raised amid record-high deals in Canada

BIS’ Innovation Hub prioritizes AI for supervision and green finance in 2025

Bloomberg: Taiwan dollar challenges yuan as top funding currency

ESMA survey on EU retail shows UCITS costs shrinking but still high by global comparison

GLEIF embeds LEI into UK company registry

FSB: use of climate transition plans limited by data availability and standardization

Pico and BMLL integrate real-time and historical datasets

US SEC fines Robinhood $45mn for violations including short sales

Northern Trust and UOB launch tokenized ESG bond reporting

HKEX accepts China bonds as Swap Connect collateral

WSJ: Goldman Sachs creating new financing unit

BoE and NYDFS swap DLT regulatory experts in transatlantic exchange

Deus X Capital launches “Brokerage as a Service” trading arm

Sernova first oursourcing provider to join FIA Tech’s Databank Network

JSCC launches State Street sponsored repo for USD cash collateral in IRS clearing

Seeking Alpha: latest cost estimates from devastating Los Angeles wildfires at $135bn-$150bn

OECD spotlights repo and collateral benefits for building out tokenized markets

Katten: major gaps between financial entities and vendors as DORA compliance looms

NY Fed removes UBS branch as RRP counterparty

Seeking Alpha: treasury yields are rising for a good reason so don’t panic