News and Notes

People moves: Citi Securities Services, Clear Street, ESMA, HSBC

UK FCA warns on trading apps as Consumer Duty approaches

ISDA launches close-out framework in wake of March 2023 banking failures

DTCC’s Ali on UK EMIR Refit’s data standard “complexities”

Fed stress test shows banks meet requirements but face larger capital declines

KfW issues first benchmark bond on Deutsche Börse’s D7

OSTTRA processes 300+k cleared CDOR trades

Informa: DARPA benchmarking raises questions for financial quantum advantages

BIS details how central banks are adopting AI, warns on risks

ECB: Eurosystem portfolios decarbonizing, climate-related disclosures show

ICE to launch UST and UST repo clearing service

Provable Markets “real-time” novates bilateral transaction into NSCC’s SFT CCP

Mosaic launches AI-based service using Euroclear fixed income data

LRH launches repo data solution with global banks

ECB’s digital euro being designed for privacy with off-line functionality and holding limits

People moves: ANNA, DTCC, Euronext N.V., FIS, GLMX, FS-ISAC, SEB

Fed: most dealers preparing for increase in US repo demand, preparing capital to respond

CRD VI and CRR III text published in the Official Journal of the European Union

ANNA and DTIF team up with Global Digital Finance for crypto standards

SNB and SDX to expand wCBDC pilot with more financial institutions and transactions

Northern Trust survey shows 59% of asset managers want to outsource securities financing

Fnality and HQLAᵡ complete successful end-to-end testing of cross-chain intraday repo settlement

Citi: AI to boost bank revenues by 9%, or $170 billion, by 2028

UBS’ CIO releases report on AI “value chain-led framework”

ECB says banking and capital markets union progress is “disappointing”

Wematch launches “SM@RT Matching” for securities lending optimization

Bob Zekraus joins GLMX to lead securities lending business

Fed blog: Nonbanks Are Growing but Their Growth Is Heavily Supported by Banks

PASLA to expand reach to Australasia

Indonesian bourse to deploy Nasdaq’s matching engine

People moves: Citadel, CLS, EACH, FDIC, FSOC, HQLA^X, LCH, OCC, US Treasury, US SEC, SIX

Avaloq and Comyno launch securities financing solution backed by Vontobel

ESRB warns on leverage for UCITS using “hedge fund-like” strategies

EquiLend and valid8Me launch AI-enabled onboarding platform for beneficial owners

Euroclear and LSF to launch interbank repo for Africa eurobonds

ECB unveils suptech strategy for SSM digitalization

Bloomberg: Europe poised to delay Basel by a year

DTCC’s FICC launches CCLF calculator ahead of mandated UST clearing

BIS and MAS develop “blueprint” for climate risk platform using NLP

S&P Global: European bond short interest highest since April 2022

Cboe Clear first CCP to connect to DTCC’s CTM tri-party matching workflow

Financial Post: Canada’s bank regulator should hit pause on Basel

WFE aims to “demystify” tokenization in new paper

FINBOURNE expands Taskize integration for exception management and query resolution

CoinDesk: Fidelity tokenizes MMF on J.P. Morgan’s blockchain

Vermeg first to integrate CDM for collateral management

CDCC launches SGC note as Canada winds down BA market

South Africa central bank publishes consultation on expanding eligible collateral

US Treasury consults on AI for financial services

People moves: BIS, Clearstream, ECB, Holtara, HSBC, ISLA, SocGen, Wematch, WFE