News and Notes

Nomura EMEA wholesale revenue down 64% year over year; closing EMEA equity finance

FT: Tradition to launch collateral trading platform Elixium, sell DBV-X to BNY Mellon

US regulators propose NSFR rules

Fund Board Views: SEC subpeonas funds on securities lending recall practices

ISDA blog: FRTB: One Piece of the Capital Puzzle

Deutsche Bank: redefining CSDs

ICMA report shows innovative technologies and new market entrants shaping the electronic bond trading landscape in Europe

Calypso Technology to be acquired by private equity firms

New fund liquidity report from EFAMA and ICMA outlines tools available to manage liquidity risk

WFE survey: exchange traded derivatives volumes rose 12%, commodity derivatives growing fast

Academic paper: Towards a theory of shadow money

Euroclear Triparty is now connected to Pirum

WSJ highlights US Footnote 151 in new bank structuring of daily settled OTC derivatives

ESMA announces EU-wide stress tests for CCPs

ICAP Acquires ENSO Financial Analytics

US Agencies Announce Determinations and Provide Feedback on Resolution Plans of Eight Systemically Important, Domestic Banking Institutions

CME opening account at the Federal Reserve Bank of Chicago

OFR Markets Monitor: Markets Tentatively Stabilize; Growth and Policy Concerns Persist

Five Industry Associations Publish SFTR Information Statement

Bank of England to become administrator of SONIA interest rate benchmark

Tenth progress report on adoption of the Basel regulatory framework

Bank of England: Systemic illiquidity in the interbank network

Successful Blockchain Test in CDS Completed by Axoni, DTCC, Markit, and Multi-Bank Working Group

Revisions to the Basel III leverage ratio framework – consultative document

IOSCO Issues Study of Regulatory Approaches and Tools to Deal with Cyber Risk

R3 launches Corda for blockchain financial services

BNY Mellon enhances collateral management service with Japanese debt expertise

ISLA March 2016 Securities Lending Report now online

IT departments less confident than executives of meeting challenges in capital markets: Misys and Finextra

BNYM and OMFIF: Sovereign Wealth Funds and Central Banks Emerge as Large Scale Collateral Providers

Options Clearing Corp seclending CCP up 47% in March 2016 from previous year

Federal Reserve finalizes rule adding certain investment grade general obligation state and local municipal bonds to types of assets big banks may hold to meet liquidity needs during time of financial stress

Fed blog post: "Hey, Economist! What Did You Make of ‘The Big Short’?"

Eurex Clearing to launch new access model for the buy-side

FSB, meeting in Tokyo, moves forward on 2016 agenda

Judge rules that MetLife is not "Too Big to Fail"

DTCC and Digital Asset to develop distributed ledger solution to drive improvements in repo clearing

Academic paper on pricing bonds with negative short rates

Euroclear on ETF securities lending: is it on your to-do list?

Basel: Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches – consultative document

Committed Cooperation: the Bank of England’s approach to regulating international banks

Research paper: Funding Value Adjustments

Bloomberg: China to Boost Lending for Brokerages’ Stock Margin Trading

WSJ: Repo Failures at Highest Level Since 2008

Pirum presentation on transaction reporting requirements under ISLA

Morgan Stanley: Banks Learn to Live With Less Liquidity

Deutsche Börse AG and London Stock Exchange Group plc agree to "merger of equals"

Finextra: Esma expresses case for and against distributed ledgers in post-trade markets

Report finds no manipulation of bank risk models

ESMA consults on Securities Financing Transaction Regulation