News and Notes

AFME: Planning for Brexit – Operational impacts on wholesale banking and capital markets in Europe

Bloomberg: Sweden should ease its bank capital rules after Basel III

Japan Exchange Group takes minority stake in OpenGamma

OCC seclending CCP up 32% in Jan 2017 year over year

ESMA consults on future guidelines for portability between trade repositories

BBH: foolish to underestimate SFTR reporting challenge

The ECB’s Yves Mersch at Deutsche Borse’s GFF: Ructions in the repo market – monetary easing or regulatory squeezing?

ECB releases “Results of the December 2016 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets”

Funds Europe publishes securities lending special issue for the buy-side

ISLA highlights concerns with the Shareholder Rights Directive including public disclosures

BGC Brokers Announces Collaboration with Pirum Systems to Launch ColleX(TM) for Managing Post-Trade Connectivity

Bank of England’s Chris Salmon says flash crashes will continue

FSB publishes reports on the re-hypothecation of client assets and collateral re-use

Bloomberg: FTT may derail French and German plans to win banking business from the UK

Northern Trust white paper urges investors to act now on liquidity management

SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC

Deutsche Börse presents blockchain concept for risk free cash transfer

BNP Paribas Securities Services and Calypso Technology partner to offer clients integrated post-trade processing

Australian regulators propose new securities lending, repo and margin data collection

WSJ explains Chinese “dai chi” bonds, a repo variation

Convergex adds Fully Paid Lending and US$1b in new assets for prime brokerage

EBA and ESMA call for clarification of margin requirements between CRR and EMIR

‘Liquidity Alliance’ of CSDs builds blockchain solution for cross-border collateral transfer

ETF.com: Don’t Scorn The Short-Seller

BIS: The sterling ‘flash event’ of 7 October 2016

WSJ: Argentina in $6 Billion Repo Loan Deal With Six Banks

Chicago Tribune: Judge OKs $4.2 million Northern Trust settlement with Michigan pension systems

CFTC Grants Order to LCH.Clearnet Limited Permitting Portfolio Margining of Customer Positions in Futures, Foreign Futures, and Cleared Swaps

US House passes SEC Regulatory Accountability Act to slow down rule making

Risk.net: Buy-siders weigh virtues of P2P repo

FSB publishes “Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities” including securities lending

San Francisco Fed: The Changing Face of Shadow Banking in China

Bloomberg Streamlines Collateral Management and Reconciliation for Global Corporations and Investment Firms

SEC fines broker-dealer for Reg SHO violations

Fed blog: Credit Market Arbitrage and Regulatory Leverage

DTCC Selects IBM, AXONI and R3 to Develop DTCC’s Distributed Ledger Solution for Derivatives Processing

Bloomberg: Fed Gov Powell supports Volcker Rule revision

TMX sells Razor Risk to Parabellum

WSJ: SEC Commissioner Says Dodd-Frank Rules Not a Priority

Bank of England: Gauging market dynamics using trade repository data: the case of the Swiss franc de-pegging

IFR on Anshu Jain joining Cantor Fitzgerald: The Bono of investment banking

OCC stock loan CCP up 37% in 2016

Australia’s PRA publishes feedback on NSFR proposals

Russia’s NSD and Bloomberg testing new repo collateral management service

IHS Markit says "2016 has been a banner year for securities lending"

Reuters: State Street tests blockchain system for securities lending

EBA sees considerable improvement in the average LCR across EU banks

IOSCO identifies risks to retail investors of OTC leveraged products

PRMIA survey: IT spend for regulatory compliance will continue to increase

FSB completes peer review of Japan