News and Notes

ECB announces operational changes for monetary policy implementation

Canton Network completes major blockchain interoperability pilot

FT: CME Group bids to enter US Treasury clearing business

ICE launches MSCI® Index Total Return Futures

ICMA: ESMA’s CSDR penalties proposal is disproportionate and unjustified

Fed updates SIFMU risk management

Wematch launching TRS data contribution service for APAC

Japan’s Matsui taps Broadridge for stock lending business

HKMA announces new wCBDC project to boost tokenization

People moves round-up: BMLL; Broadridge; SNB, WISF

BBH boosts data management tech for asset servicing

BlackRock joins FINOS with eye on FDC3 open source for Aladdin

Basel Committee consults on G-SIB window dressing

Reuters: Powell says “broad” overhaul coming for Basel bank capital proposal

Industry associations publish legal argument against SEC short selling rules

ETF Stream: ETFs risk breaching UCITS rules under T+1 misalignment

CCData teams up with ANNA/DTIF to accelerate adoption of crypto standards

BIS: Basel III capital ratios stable for large global banks, LCR increases in H1 2023

OSTTRA to launch FX PvP service on Baton’s DLT tech ahead of T+1

DTCC announces next phase of corporate actions automation

BPI: Collateral Sharing Arrangements Between Federal Home Loan Banks and Federal Reserve Banks

Quantum startup Multiverse raises €25mn for LLM compressor and global expansion

NY Fed adds 3 counterparties to SRF

Singapore’s CGS implements Broadrige’s secfinance platform

BIS: EME government debt hedging markets development and obstacles

Financial Times article on LDI funds and corporate bond repo collateral

FS-ISAC releases standards and guidance on AI risk

Crypto provides gateways and exit points for “massive” criminal capital flows

People moves round-up: Citi, FCA, GLMX, Goldman Sachs, J.P. Morgan, Pirum, Snowflake, SEC, Tokenbridge, Vanguard

Experts warn on T+1 as research shows $914.7bn spend in 10 years on penalties and fails

Basel Committee agrees to revisions to Basel Core Principles

Bundesbank: digital euro is a top priority

UK FCA study finds wholesale data markets concentrated, profitable and with limited competition

eSecLending adopts Pirum Recalls Manager for T+1 readiness

SIX teams with Clearstream for D7 international reference data distribution

DTCC calls for boost in same-day affirmation rates as T+1 deadline looms

Reuters: Fed’s standing repo facility gaining new sign ups

NIST updates cybersecurity framework

ISLA: H2 seclending revenues flattened amid lower specials environment

FSB finds uneven MMF market reforms, calls for recalibration of liquidity tools

HSBC and Bank of East Asia execute digital bond repo trade

SEC charges Contrarian Capital $380k after short sales violations

SCMP: China repo market explainer for banks and global bond investors

GLMX Promotes Giglio and Wiblin as Expansion Continues

Federated Hermes leads $25+mn equity raise for fintech Xcelerate

FSB warns on NBFI leverage and liquidity mismatch

Zawya: Instimatch and Muqassa to launch repo trading platform in KSA

Frontclear and Instimatch team up on repo trading for Africa MMFs

People moves round-up: BBH, BlackRock, CFTC, CSRC, ICMA, MUFG, Northern Trust, NY Fed

OCC’s Hsu calls for “trip wire” to assess systemic ranking for firms