News and Notes

Obligate and Fireblocks among firms joining Tokenized Asset Coalition

South Street Securities closes GX2 acquisition

BCBS-CPMI-IOSCO consult on transparency and responsiveness of initial margin in centrally cleared markets

BlackRock to acquire GIP for $12.5bn in cash/equity deal

DSB data show firms ready for UPI reporting as US compliance date looms

BIS working paper: cross-currency lending flows impact exchange rates

IIAC: Bank of Canada publishes final framework on fail fee to settle GoC securities transactions

CIRO issues proposed guidance for short selling and failed trades under UMIR

AIMA research busts hedge fund myths on fees and governance

ESRB improves approach to weighing systemic risks versus policy measures

BNY Mellon: market behind on T+1, repo prices could be impacted

FIS signs on buy-side firms to traditionally sell-side platforms

Standard Chartered and partners get UK grant for financial quantum

US SEC charges show Morgan Stanley leaked info for “pre-positioned” short sales

BPI: Basel proposal violates law

People moves: Citi, ICMA, ISDA, ISLA, SEBI, Sharegain, St. Louis Fed, XTB

ESMA researchers find persistent deteriorating liquidity after 2020 short selling bans

Broadridge launches OpsGPT for operations optimization ahead of T+1

Argentina CSD adopts Nasdaq tech for post-trade infrastructure

SEC approves spot bitcoin ETF funds after much drama

Bankruptcy exemption of repo markets: too much today for too little tomorrow?

MarketWatch: Fed’s Barr on end of BTFP and Basel Endgame changes

Deutsche Börse completes FundsDLT acquisition

G30 proposes LoLR, discount window reforms to avoid fire sale risk

ICMA publishes Q1 2024 report, updates on status of LCR for open reverse repos, buy-side clearing, sustainability

Ledger Insights: Bank of Spain to partner with Adhara, Cecabank and Abanka for wCBDC trial

Delta Capita and Montis to advance CSD tech for regulated tokenized assets

FDIC’s McKernan: Basel Endgame “need not be binary”

Reuters: China regulators lift stock net-selling ban for mutual funds

Mosaic: 2024 is a year for doubling down on data-driven decisions

Dallas Fed’s Logan on Fed balance sheet, UST and UST repo clearing

India regulator mandates up front short sale disclosures for institutional investors

Moody’s team with Rigetti for quantum machine learning in finance

Constellation: tech IPOs will come back in 2024

Startup.info: the intersection of quantum AI and financial markets

AIMA research shows US hedge funds most confident going into 2024

People moves round-up: BrokerTec, Citi, CFTC, FS-ISAC, LSEG, Pirum, PRMIA, SEC, SNB

Bloomberg: Fed balance sheet in spotlight after repo vol

Stocklytics: ChatGPT interest plunges 50% in just one month

Sharegain: 8 predictions reshaping capital markets in 2024

ECB to stress test 109 banks for ability to recover from cyberattack

TMX Group completes $1bn acquisition of VettaFi

Risk: Fed’s BTFP lending hits record high in early December

Comotto analysis: ICMA European repo market survey shows triparty recovery

Fed’s SCOOS: most dealers expect more sponsored repo business in 2024

NY Fed blog: ON RRP take-up “dropping like a stone”

China watchdog urges firms to implement new seclending regulations

Business Standard: India central bank implements 2023 securities lending reforms

ETFGI: ETF assets globally to hit record $11.5trn at end-2023

Cadwalader: ISDA updates 2016 CSA models for tokenized collateral/stablecoins