News and Notes

Commentary on market turbulence and secfinance automation

DSB announces timeline for 2023 OTC ISIN consultation

BIS: facilitating increased adoption of PvP

Evident: largest banks lag on AI transparency

Short side anomaly trading behavior of alternative mutual funds

Exchanges agree global green equities framework

ESMA’s DLT Pilot Regime goes live

Clearstream launches data-based tool to customize equity collateral utilization

CFPB launches inquiry into data brokers’ business practices

FDIC sells much of Signature Bank, extends SVB bid window

Eurosystem’s new T2 wholesale payment system goes live

Fed’s Standing Repo Facility sees little action

European authorities comment on liquidity measures underpinning UBS takeover of CS

ECB announces 6 central banks taking action on USD liquidity provision

Credit Suisse and UBS to merge

Bloomberg: banks borrow record $164.8bn from Fed to backstop liquidity

SIFMA: how the Basel III “Endgame” reforms will transform US capital requirements

Committee on the Global Financial System: Central bank asset purchases eased financial conditions during Covid-19 by improving market liquidity

Fed announces July launch for FedNow service

11 major banks to make uninsured deposits worth $30bn into First Republic

ISLA publishes new templates for GMSLA documentation

SEC proposes new cyber rules and expanding RegSCI to large broker-dealers

S&P GMI: March 2023 long/short report

Time consistent reinforcement learning for optimal consumption applied to SPY

CFTC flags swaps rules for new bridge banks after SVB, Signature failures

ICMA survey shows Europe repo market at record €10.4tn for 2022 YE, triparty shrinks

Bloomberg Enters Agreement to Acquire Broadway

IIAC analysis of CSA/IIROC short selling proposals

Eurex Clearing to use ISS ESG data and analytics for portfolio and counterparty transparency

Fed prepared to address any liquidity pressures

Silicon Valley Bank news round-up

Naoris on EU’s DORA cyber regulations for financial services

NBU expands list of benchmark bonds for reserve requirements

BNY Mellon: green shoots for Africa’s repo markets

FIA announces cyber risk taskforce after ION attack

Media reports: Indonesia, Taiwan ease short selling bans

X9 seeks participants for research on bank-held crypto asset risks

Quantum Newsletter: quantum key distribution going the distance

TS Imagine launches cross-asset, real-time risk platform for prime brokers

Fintech Droit raises $23mn in round co-led by Pivot and UBS, Goldman Sachs joins

GASLA updates ESG and seclending framework

Taskize and Microsoft Teams integrate to allow users to extend workflow internally

Industry associations respond to UK short selling regulation review

Reuters: PBOC publishes rules regulating major money market funds

Eurex Repo: volumes nearly double to €209.8bn yoy in February

TD completes $1.3bn acquisition of Cowen

DataLend: seclending revenue up 34% yoy at $850mn in February

Tradeweb’s repo ADV up 17% yoy at $411.3bn in February

Bank of England’s Andrew Hauser poses three future research topics on central bank interventions

ISLA’s Andy Dyson on CDM progress