News and Notes

Bloomberg: US Treasury to issue $450bn after debt ceiling lifted

HKMA approves Northbound Bond Connect repo collateral rehypothecation for end-August

OSTTRA waits on US regulators after EU and UK clearing exemptions

BlackRock announces $190bn financing unit for private-public markets convergence

Dow Jones: banks tap Fed’s SRF for $11bn at end-June

Euroclear connects to ECMS and sets sights on CeBM settlement

Bangkok Post: short selling ban “probably” not on the table amid Thailand market rout

Eurex Clearing delivers margin collateral on DLT designed with HQLA^X, Clearstream

ADX to list DLT bond with HSBC’s Orion and tapping TradFi settlement

EBA: repos among fastest growing liabilities in EU banks’ funding plans

Spencer West: Celsius vs. Tether ruling marks pivotal moment in US for offshore crypto

ESRB calls for stablecoin scrutiny, flags NBFI risk analysis

ESMA picks fintech Ediphy as fixed income consolidate tape provider

J.P. Morgan pilots USD deposit token as stablecoin alternative

Santander to acquire TSB for £2.65bn in all cash deal

Türkiye regulator extends short selling ban to end-August

ESMA publishes roadmap and governance structure for Europe T+1

OFR paper: The Impact of CCP Liquidity Demands on Clearing Members Under Stress

Euronext confirms potential €399mn share deal offer for Greek bourse

ECB to pilot DLT settlement for central bank money with “dual-track” strategy

ECB’s Montagner: banks must adapt collateral operations as liquidity buffers change

SIX acquires Aquis as part of pan-European listing and tech strategy

WFE warns on unmonitored secondary trading as private market balloons

HackerNoon: the path to a decentralized order book protocol

ISDA publishes Saudi Arabia netting opinion

Swiss central bank extends wCBDC project to mid-2027 and expands to include RTGS settlement

Chainlink launches automated engine with vLEI for on-chain compliance standards

Fed stress tests show all 22 banks managing a $550 billion loss scenario

Clearstream only CSD connecting full triparty management to ECB’s single collateral pool

CACEIS Bank gets authorization for crypto-assets servicing in EU

East Africa’s I&M Bank to deploy ThetaRay’s AI compliance platform

IMF: debt ceiling in summer 2025 to add 20-30bps to repo spread

BIS warns on hedge fund use of repo collateral in RV trades as liquidity risk

BNP Paribas acquires HSBC’s custody and depositary bank business in Germany

BrokerTec’s second UST CLOB to launch mid-September

EDHEC launches structured climate ratings that use financial valuation models

Evident: banks overpromising and underdelivering on agentic AI

UK FCA launches “supercharged” sandbox for firms without AI infrastructure

Korea Times: central bank adjusts scheduling for routine repo operations

SIFMA: lowering SLR doesn’t go far enough for UST liquidity

ESMA’s advice on EAD review tackles UCITS collateral arrangements, securities lending fee split, SFTR alignment

OpenGamma: collateral shift shows derivatives market adapting to margin optimization

Nasdaq Calypso connects to Canton Network for margin and collateral workflow

US SEC extends 15c3-3’s daily computation requirement to end-June 2026

Fed proposes changes to enhanced supplementary leverage ratio and TLAC for large banks

ISDA/AFME: SFDR should account for derivatives and secondary markets

ESMA consults on margin transparency and cost of clearing

US Office of the Comptroller of the Currency okays national banks for triparty repo when holding securities as hedges

Big banks and big tech team up for AI common controls under FINOS banner

NY Fed’s Nordstrom says firms should implement TMPG’s UST repo guidelines by June 2026