News and Notes

ICE sells Euroclear stake to governments of France and Belgium

OpenGamma: Ukraine war has led to higher derivative margin costs

Matrix launching upgraded collateral management system with microservices in Q4

Baton Systems adds LCH SA to CCP network

OSTTRA Launches Repo Confirmation Service, Powered by MarkitWire

ECB’s Schnabel: The globalisation of inflation

Sharegain first company globally to offer clients SWIFT public cloud connectivity

IPE: investors grapple with sustainability in short selling strategies

Eurex Repo commentary on positive trends for April

New York Fed’s Logan to become Dallas Fed chief exec

Industry associations seek third-party solution for CDM repository

ISDA survey finds initial margin jumps 38% from top 20 firms in 2021 yoy

US Treasury Market Practices Group publishes UST repo trade flow mapping

ECB amends monetary policy implementation guidelines

BloombergQ: Goldman Sachs makes crypto collateral loan to Coinbase

Fed accelerates plan to reduce balance sheet size

DataLend: Securities Lending Revenue Up 20% YoY to $828 Million in April 2022

Tradeweb’s repo ADV up 15.1% yoy to $375.3bn in April

Robinhood officially announces Fully Paid securities lending program

Eurex Repo market volumes up 75% at €145.3bn in April yoy

SmartStream launches “Eligibility API” for OTC/repo collateral optimization

OCC stock loan ADV up 15% at $134.2bn in April yoy

BrokerTec US repo ADNV up 35% at $288bn in April yoy

SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme

Law360: UK HMRC Wins Overseas Dividend Test Case At Top Court

Bank of England’s Sam Woods proposes a new bank capital model with one single buffer

KDPW_CCP Clearing House to Clear Repos

Industry associations ask Basel Committee to revise SA-CCR in light of market changes

Bank of Canada announces increases to the limit for Securities Repo and Overnight Reverse Repo operations

ICMA European repo survey shows record high of EUR 9,198 billion at year end 2021

ISLA Publishes 2022 Netting Opinions for the GMSLA

FDIC tells banks to report crypto asset activities

World Federation of Exchanges Publishes Briefing Focusing on Human Rights Protections

ISDA: People’s Bank of China consults on resolution legislation

S&P Global says securities finance market earned $1.082b in March 2022, up 27% year over year

Reuters: ICI says SEC mutual fund swing pricing proposals could kill money funds

Provable Markets achieves integration with FIS (Loanet) for processing on DTCC’s expected SFT CCP

DTCC and Digital Dollar Foundation/Accenture launch project on Central Bank Digital Currencies for DVP settlement

Fed blog: The Fed’s Balance Sheet Runoff: The Role of Levered NBFIs and Households

Goldman Sachs Asset Management completes acquisition of NN Investment Partners

Fed blog post presents scenarios for Reverse Repo Facility reduction as Fed shrinks Treasury holdings

Tradeweb announces first LCH SA “member-to-member” cleared trade

Federal Reserve opens Standing Repo Facility to more counterparties

LCH RepoClear sees record quarter at €67.5tn of nominal cleared in Q1

SEC Proposes Rules for the Registration and Regulation of Security-Based Swap Execution Facilities

LCH RepoClear signs on Commonwealth Bank of Australia

ASIFMA and SmartStream warn on fragmentation in Intraday Liquidity Management

Eurex Repo volumes up 16% to €157.5bn in March yoy

OpenText and MUFG Global Securities Lending Solutions Group partner to deliver newly enhanced experience to business customers

Tradeweb’s repo ADV up 8.1% yoy to $361.5bn in March