News and Notes

Nu Quantum and CISCO to create prototype quantum rack for data centers

Business Times: CSRC suspends securities lending for locked-up stock

Banking & Finance Post: quantum computing-as-a-service with focus on finance

Fed and BoE outline wholesale CBDC progress

OCC taps Vermiculus microservice-based tech for new platform

Baton Systems: BoE’s ambitious wholesale payments plan puts RTGS at “beating heart” of UK financial system

IOSCO seeks feedback on post trade risk reduction services

ICMA and ASIFMA release APAC ex-Japan repo market survey

S3 Partners: US equity stock borrow financing costs at $6.9 billion/year

S&P Global publishes beneficial owner data dashboard

Eurex publishes report: Repo Trading & Clearing 2023/2024

People moves round-up: ECB, Federated Hermes, FINMA, Investec, Jupiter, OCC, Pirum, Prescient, SEB, UBS, WISF

UK FCA publishes financial quantum security report

Swissquote partners with Sharegain for securities lending ex-US

Raymond James taps Velocity Clearing for prime broker services

ISDA and FIA respond to MAS capital amendments

Automating causal discovery for factor investing using LLMs

BMLL historical datasets now available via Snowflake

ION’s Lab49 and interop.io partner for trader desktop modernization

EquiLend: restoration of service may take several days after cyber incident

Bloomberg: China and Hong Kong agree to open on-shore repo market

FSB to look at NBFI leverage and repo markets in 2024 work program

Evident’s Mousavizadeh on Davos signals for “AI realists”

BoE’s seclending committee mulls T+1 timing, tax and short selling regulation

CME and DTCC announce enhanced cross-margining go-live

CSA proposal on crypto assets rules out securities financing and collateral

Tradeweb acquires UST and IR futures trading tech provider r8fin for $125mn

Reuters: repo market entering a perfect storm for upheaval

LCH RepoClear SA launches its first €GCPlus green basket

AIMA warns on imminent US cybersecurity rules

Fed adds First Citizens to SRF counterparties

BoE: QE can reduce the cost of borrowing in the repo market

Bloomberg: China’s Citic suspends securities lending for investors, raises requirements for institutions

NY Fed blog: what’s being said about non-cleared bilateral repo

OCC’s Hsu flags targeted regulation on bank runs and warns on liquidity risk from tokenization

EquiLend to be acquired by WCAS, agree further $200mn investment

People moves round-up: AnalytixInsight, BIS, BlackRock, HSBC, STAC, VERMEG

ISDA launches sustainability-linked derivatives clause library

Substantive Research survey warns on impacts of “aggressive” market data pricing

BNY Mellon and ING to join CLS’ netting calculation platform

Eurex to launch derivatives on ESG indices with liquidity provider scheme

FIA: US regulatory proposals to increase client clearing capital requirements by 80%

NYDFS’ Harris proposes ethical AI guidance for insurers

AFME warns on markets disruption as DORA looms

J.P. Morgan leads $300mn funding round for Quantinuum

BCBS consults on margin and collateral call processes for non-cleared markets

Spain bourse pushes regulation for funds’ securities lending operations

Deutsche Bank and SocGen join FIA Tech’s $84.2mn funding round, consortium and BoD

NIST identifies types of AI cyberattacks and mitigation

ISDA warns on hit to markets from US Basel Endgame and G-SIB surcharge proposals