News and Notes

BIS report on Repo market functioning

Broadridge, J.P. Morgan, Northern Trust and Banco Santander Successfully Complete Pilot of Blockchain-Based Proxy Vote Solution

Reuters: ESMA to stop Brexit ‘race to bottom’ by financial centres

HQLA^X selects Corda for collateral lending solution in collaboration with R3 and five banks

Northern Trust white paper: Cash: An Asset in Adolescence

Bloomberg: Frankfurt-London Truce Died Along With Deutsche Boerse Deal

R3: CAD-coin V Fedcoin: The future of central bank digital currencies

Departing Fed Governor Tarullo says a 10% Leverage Ratio would incentivize banks to change the composition of their balance sheets dramatically

ESMA updates MiFID II/MIFIR investor protection Q&As

OCC seclending volumes up 25% in March 2017 from March 2016

ESMA provides implementing details for SFTR

Basel Committee: Global systemically important banks – revised assessment framework – consultative document

ESMA publishes updated Q&A on CFDs and other speculative products

ASIFMA report advocates for improved short selling rules in China

Reuters: Republican senators want review of SIFI designation process

Central Bank of Malaysia’s Financial Markets Committee discusses repo to promote bond market liquidity

Bloomberg: Basel Accord Is ‘Very, Very Close,’ Says ECB’s Nouy

UK Investment Association says that securities lending earnings should be fully disclosed

LCH SA offering repo clearing on German debt

ESMA discusses haircuts in EU securities financing transactions

ISLA responds to Capital Markets Union consultation

Academic paper argues against procyclical risk at CCPs

ESMA issues guidelines for CSDR defaults and access to transaction feeds

Global Investor: New pan-European repo index takes shape

ETF Trends: The First Short Squeeze ETF Hits the Market

Broadridge: Global Inventory Management – The Central Nervous System of Financial Institutions in the New Collateral Ecosystem

HKEX: OTC Clear Launches Client Clearing Ahead Of Hong Kong Clearing Mandate

ESMA sees relatively ample liquidity in sovereign bond markets

Reuters: China regulates fund outsourcing business in fresh move to curb shadow banking: Sec Times

Deutsche Bank: Completing Europe’s Custody Puzzle

G-20 affirms support to Basel III but large questions loom on protectionism

WSJ: Spread between Fed-Funds, UST Repo Rates Holds; DTCC repo capital requirement rises to US$74 billion

FSB Chair sets out need for full implementation of agreed reforms and the FSB’s priorities for the G20 German Presidency

OFR argues that setting data scope, quality and accessibility reduces regulatory burden

Canada delays NSFR implementation

Basel Committee: Identification and management of step-in risk – second consultative document

DTCC-Euroclear Global Collateral ltd. launches new Service to deliver Cross-Border Collateral Mobility

Greenwich: asset managers expect to follow MiFID II rules globally

Bloomberg: Europe’s Bank Lobby Finds New Lease on Life as Basel Deal Stalls

ISLA publishes 6th securities lending market report

Singapore may make covered bonds repo-eligible, leading to an expanded local currency market

Linedata and Morningstar partner to expand fixed income coverage and analytics for Fund Services clients

ESMA publishes first set of CSDR Q&As

SETL wants to settle and clear equities in competition with ASX

SIX launches trade repository for Switzerland

Nasdaq and CloudMargin Join Forces to Help Buy-Side Institutions Manage Cleared and Non-Cleared Derivatives Collateral

DataLend: Securities Lending Industry Surpasses $2 Trillion On Loan

OFR: Benefits and Risks of Central Clearing in the Repo Market

Torstone go live with Natixis Japan Securities Co. Ltd for collateral management module

IOSCO finds little evidence of declining secondary corporate bond market liquidity