News and Notes

UK FCA consults on money market reforms

Santander migrates CIB unit to Google cloud

CaixaBank sets up GenAI team to identify use cases for 2024 deployment

Industry heavyweights cancel JV for UK/EU fixed income consolidated tape bid

SEC posts UST clearing as agenda item for meeting on December 13, 2023

S&P Global: repo markets react to SOFR spike amid scramble for cash

Basel Committee to address G-SIB “window-dressing”

ISDA: key trends in OTC derivatives markets for H1 2023

FINRA fines four firms $2.6mn for securities lending violations

EquiLend buyer announced: Welsh, Carson, Anderson & Stowe

DSB forms advisory committee for ISIN and UPI governance

S&P Global: securities finance revenue down 13% yoy at $879mn in November

Multiverse and Moody’s to launch financial quantum SaaS platform

BoE flags “significant” vulnerabilities – liquidity mismatch, UST basis trade, margin calls

DTCC survey shows geopolitical tensions and inflation as top systemic risks

HSBC trials quantum protection for AI-powered FX trading

Joint Associations Publish Update to Master Regulatory Reporting Agreement

IAIS: global insurance sees systemic risk decline on lower exposures to short-term funding

SocGen issues $10mn digital ESG-tracking bond on Ethereum and advances euro-pegged stablecoin

COP28: ADIA agrees $100mn Africa repo transaction with LSF using BNY Mellon triparty

DataLend: seclending revenue down 4% yoy at $781mn in November

GLMX Surges as Balances Eclipse $2 Trillion and Volumes Reach Record

Tradeweb repo volumes up 35.2% yoy at $534.7bn in November

BNYM sees basis trade continuing through Q1 2024

Eurex Repo volumes up 65% yoy at €402bn in November, GC Pooling spikes 160%

BIS’ quarterly review: markets adjust to “higher for longer”

ECB weighing new longer-term financing operations

Researchers scrutinize short selling on Tel Aviv bourse before Hamas attack

Crédit Agricole CIB goes live with Opensee’s markets risk management solution

OCC stock loan volumes up 28% yoy at $142.9bn in November

SIX Digital Exchange settles digital bonds transactions using SNB’s wholesale CBDC

IIAC: experts detail path to winding down Canada’s bankers’ acceptances

Clear Street opens Palm Beach office, partners with hedge fund group

BrokerTec US and EU repo November volumes flat from last month, down yoy

NIST launches AI Safety Institute with looming US enforcement mandate

FSB publishes toolkit for enhancing third-party risk management and oversight

Associations launch Common Domain Model v5

ECB pushes back launch of Eurosystem Collateral Management System (ECMS) to November 2024

People moves round-up: BNP Paribas, Hazeltree, Digital Prime Technologies, State Street, Sumitomo

FINRA proposes rule changes to equity trade reporting as T+1 testing set to begin

Euronext touts clearing expansion across European cash markets as “backbone” of CMU

BIS reports on CBDC infosec and operational risks for central banks

UK finance ministry consults on short selling regulation

SuMiTB and Zapata AI to test quantum-boosted GenAI for financial modeling

Japan’s Tokio Marine joins CLSSettlement for FX operations

DSB on EC consultation for OTC derivatives identifiers

FSB Asia Group scrutinizes vulnerabilities arising from rising interest rates and NBFI

Buy-side and hedge funds can get EquiLend’s Orbisa data on Snowflake’s market

VerifyVasp’s Madrolle on being an LEI validation agent and crypto standards

BCBS warns on gaps in data aggregation and reporting practices across 31 G-SIBs