News and Notes

OCC securities lending activity up 30% in October yoy

OFR: intersection of US money market reforms, bank liquidity requirements, and the FHLBank system

P&I: securities lending makes comeback with big funds

ECB research: monetary policy and bank profitability in a low interest rate environment

Reuters: new SEC committee to scrutinize bond markets

Collateral scarcity premia in euro area repo markets

US Treasury issues third report into financial regulation in response to executive order

OFR: being a SIFI is more than a matter of size

ECB to publish monthly data on asset purchase program

Reuters: LCH’s New York option if euro clearing departs

CurveGlobal launches new interest rate derivative venture with major dealers and CBOE

OFR introduces monitoring tools to identify stresses and vulnerabilities

ICE to buy Virtu BondPoint for $400mn

ICE takes 4.7% stake in Euroclear for €275mn

ISLA to EC: securities lending market impacts of BRRD moratorium powers

DTCC’s GTR bolsters capabilities for SFTR

BIS updates on Basel III adoption

European Commission updates the European Parliament on EU securities finance rules

FT: dealers loosen their grip on money markets slightly

Strate partners with A2X Markets for collateral and settlement services

ESMA produces first overview of EU derivative markets size

FN: European repo market fears a year-end freeze

LCH clears first swaps referencing SARON

Nasdaq Clearing introduces direct clearing client model focused on repo

ISLA publishes best practices for securities lending

Calypso Technology sees rapid growth for cloud services in 2017

Broadridge completes pilot of blockchain-based bilateral repo solution

ICMA survey on European repo market shows 12+% growth yoy

Clearstream and Pirum to offer clients increased collateral efficiency with real-time STP

CFTC releases clearinghouse liquidity stress test results

Deutsche Bank partners with State Street for T2S

Clearstream and dwpbank enter strategic T2S partnership

SIX: survey on uncollateralized OTC derivative transactions

BNP Paribas Securities Services and Tata Consultancy Services team up for blockchain in asset servicing

BoE sets SONIA reform start date for April 23, 2018

BoE: solvency and wholesale funding cost interactions at UK banks

Bloomberg: total return swaps in favor for tier 1 hedging

Reuters: global regulators close to final deal on Basel III sticking point

Risk: London likely to lose all euro repo clearing business

NEX launches PIVOT for buy side collateral and margin management

ISDA replies to EU’s third-country CCP proposal, warns on location policy

FSB provides an update on IBOR reforms

ColleX executes first T+0 triparty collateral loan

Telegraph: Eurozone QE tapering on track for early 2018

Eurex partners for EU-based IRS clearing alternative

BNP Paribas Securities Services to boost trade processing efficiency with new artificial intelligence tool

FT: US Treasury calls for stronger regulation of clearing houses

Cowen’s acquisition of Convergex leads to new prime brokerage with securities lending

US Treasury department weighs in on financial reforms with second report

Reuters: Italy’s central bank asks ECB to soften bad loan plans