News and Notes

CDCC Introduces Direct Clearing for Canadian Buy Side Firms

Eris patents OTC swap-like IR future that calculates collateral interest in daily VM

Fed Vice Chairman Stanley Fischer resigns

ECB standards for triparty agents in Eurosystem credit operations

SIFMA voices supports for T+2 start in US

Saxo Bank: cherry-picking financials for better returns than US treasuries

Fed research: how have banks been managing the composition of HQLA?

SFI research: the euro interbank repo market

Fed adopts final rule for GSIBs to amend QFCs in case of unwinding

OCC securities lending CCP activity up 25% in August

UBS analysts speculate on a LSEG takeover of Euroclear

Risk: Goldman and Federated first to clear MMF repo trades

ISLA releases securities lending market report

SIFMA releases annual repo market fact sheet

Barron’s: Interactive Brokers plans low cost, high tech push for securities lending

Yellen at Jackson Hole: regulatory framework changes should be “modest and preserve” bank and dealer resilience

Fed Reserve Board consults on three new reference rates for ON repo

FE: India’s central bank in talks to set new repo transaction-based benchmark

EC releases post-trade barrier report, issues consultation

Numerix: The case for electronification in OTC Markets, its evolution and future

CloudMargin connects to the DTCC-Euroclear margin utility

ISDA warns on CCP location and legal uncertainty post-Brexit

Microsoft increases use of non-cash collateral in securities lending

Six US banks sued – securities lending antitrust lawsuit alleges collusion

FT: Fed’s vice-chair says moves to unwind regulations are dangerous

ISDA warns of “severe” competitive disadvantage for European FIs after EC’s BRRD 2 amendments

CloudMargin launches microsite for margin regulations

Bloomberg: negative rates in Denmark push Danske Bank to reject client deposits

LCH launches SwapClear account with assets segregated at custodian level

Reuters: US Treasury debt issuance plans could increase repo costs, tighten credit

TSE: shadow banking can reduce macro-prudential policy effectiveness

NEX launches EMIR RTS rewrite tool

Clearstream rolls out securities lending pool as part of T2S harmonization

Euronext renews with LCH’s CCP for derivatives clearing, terminates ICE

ESMA publishes MMF consultation responses

SEC reports to Congress on market liquidity

Great post from the Fed: impact of the Leverage Ratio on US/Europe/Asian bank participation in the US repo market

NY Fed schedules securities lending operation

Bloomberg: technology will boost compliance profession in big data era

SCMP: Hong Kong banks hoarding capital on Basel III

Thomson Reuters signs three more wealth management services providers including Helix

NEX European repo volumes up 35% yoy in July

OneChicago volume up 67% yoy in July

Elixium and Lombard Risk team up for repo trading and collateral management

Bloomberg: Standard Bank counting on securities lending market share to boost new prime brokerage

The Fed’s Powell and CFTC’s Giancarlo: How to Fix Libor Pains

Reuters: Basel committee delays bank capital deal

ISLA praises ESMA’s direction on asset segregation, cautions on implementation

OCC securities lending activity up 27% in July

FDIC issues guidance on shift to T+2