News and Notes

South China Morning Post: China’s regulator fines brokers for illegally providing margin financing services

FT Alphaville: Reminder: A “normalised” Fed balance sheet won’t be normal-sized

David Raccat launches Wematch.SecuritiesFinancing

Fed blog: Dealer Balance Sheets and Corporate Bond Liquidity Provision

FSB report: Rapid growth in FinTech credit carries opportunities and risks

LedgerX Raises $11.4 Million to Establish a Regulated Bitcoin Options Clearing House and Exchange

ESMA clarifies Trading on a Traded Venue under MiFID II

CFTC Launches LabCFTC as Major FinTech Initiative

IBM and Chile’s Santiago Exchange to Deliver World’s First Securities Lending Blockchain Solution

GOP Senate leader says Dodd-Frank unlikely to be overhauled

EU approves money market reform rules

Reuters: BGC readies U.S. Treasuries e-trading platform for June launch

MTS and BrokerTec add Dutch and Belgian indices to RepoFunds Rate

DTCC: Cloud Computing Has Moved Past a Tipping Point of Maturity

Prequin: 39% of hedge funds changed prime brokers, 19% changed fund custodian in 2016

Fed blog: The Evolution of OTC Derivatives Markets

ISDA via Risk: Swaps market should not rely on repo for collateral

ECB’s Constâncio: further regulation needed for shadow banking

Reuters: LME clearing house says interest growing to use metal as margin collateral

CFTC Acting Chairman Giancarlo at ISDA: “Changing Swaps Trading Liquidity, Market Fragmentation and Regulatory Comity in Post-Reform Global Swaps Markets”

Fed blog: Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities?

FSB says Shadow Banking was a $34 trillion industry in 2015

Reuters: European banks warn of London exodus if told to convert branches to subsidiaries

BIS: gross notional of OTC derivatives falls to US$483 trillion

Northern Trust and Donnelley partner for US mutual fund N-PORT and N-CEN reporting solution

Bloomberg: U.S. Softens Basel Stance in Push for Deal on Capital Rules

SIX launches CAC 40 and FTSE 100 for equity repo trading

OCC and EquiLend Clearing Services Partner on CCP Securities Lending

Markit Securities Lending Q1 2017 quarterly review (with data on scrip dividends)

DTCC Repo Clearing Services Gain Regulatory Approval

Tradeweb Launches All-to-All Corporate Bond Trading

OCC seclending CCP up 7% in April 2017 over April 2016

Reuters: EU to ease derivatives rules, holds fire on euro clearing changes

Bank of England: Implementation of MiFID II: Part 2 – PS9/17

Nikkei: Crimped market ever reliant on BOJ lending government bonds

Bank of England: New UK Money Markets Code launched

ETF.com: Elkhorn Files For Lending Fund

Basel Committee: Twelfth progress report on adoption of Basel III standards

OCC Says Implementation of SA-CCR Important For Liquid and Orderly Listed Options Markets

Vox: Mapping the interconnectedness between EU banks and shadow banking entities

ENSO expands Broker Vote Tool to offer leading MiFID II research solution powered by RSRCHXchange

Trump suspends SIFI designations by FSOC pending review

Trump suspends Dodd-Frank’s Orderly Liquidation Authority pending review

ECB survey results on conditions in euro-denominated securities financing and over-the-counter derivatives markets

ESMA advises European Commission on fees for trade repositories

Bloomberg and BATS Europe announce joint initiative on MiFID II reporting

European Supervisory Authorities highlight risks for the EU financial system

Clearstream: Quantitative Easing continues to put pressure on securities financing industry

Squawker® Completes Launch of Equity Finance Platform with 6 of the World’s largest 10 Global Investment Banks Live

Failed Icelandic Bank Landsbanki Islands HF loses collateral bid in UK courts