News and Notes

Tradeweb repo volumes up 41.2% yoy at $527.2bn in October

OCC stock loan volumes up 27.7% yoy at $147.7bn in October

ICI: FSOC’s financial stability risk framework for NBFIs is “disappointing”

Gizmodo: 48 countries set to refuse future ransomware payments

People moves round-up: ECB, NY Fed, State Street

SEC adopts rules for security-based swap execution facilities

SNB and six banks to pilot wholesale CBDC for token settlement

BIS to create MVP for wholesale cross-border payments on multi-CBDC platform

GLMX and LCH SA complete integration for sponsored repo clearing access in Europe

BIS examines data science for central banks, announces DeFi data platform development

BrokerTec US repo ADV flat at $284.9bn yoy in October

DataLend: securities lending revenue down 4% yoy at $751mn in October

DTCC launches trade reporting analytics and UTI exchange for Report Hub service

UK Finance calls for “quantum taskforce”

S&P Global: global repo volumes increase during October

Fitch: ESG Sukuk cross $33.3bn globally, set to grow further

Protos: Tether reclassifies secured loans as excess reserves

SNB adjusts remuneration of sight deposits

ANNA and DTI Foundation align standards for digital tokens

Evident reports on status of AI outcomes in banking

ESMA publishes analysis on the evolution of EEA share market structure since MiFID II

FINRA consults on implications of quantum computing for securities industry

AFME analyzes cause of settlement fails in EU securities markets

ISLA: Basel III Endgame and the buy side

EquiLend’s Orbisa goes live for real-time seclending data

Pirum goes live with T+1 solution for Recalls Manager

Reuters: US SEC’s mandated UST and UST repo clearing rule expected “within weeks”

OSFI warns that CDOR transition will impact Canada’s market structure

BoC announces repo operations will be on ad-hoc basis

IIAC: ESMA’s Verena Ross on EU resistance to accelerated settlement

SARS: no VAT for securities lending arrangements

BBH: misconceptions surrounding T+1 settlement in US

QSE announces shortened settlement cycle to T+2 in 2024

AIMA warns on US market liquidity as SEC Dealer Rule set to pass

UK FCA publishes final versions of SFTR validation rules and XML schemas

People moves round-up: IAIS, ICE, Morgan Stanley

BoE and FCA publish industry responses to AI and ML regulation

BIS paper on dealer capacity and UST market functionality

Hidden Road launches synthetic prime brokerage

Richard Comotto: what did SFTR tell us about the European repo market in Q3 2023?

S&P Global: US equites are “hero” of secfinance markets in 2023

Clearstreet trading division CenterPoint expands to Canada

BlackRock researchers on reducing LLM hallucinations in extracting financial information

Finos open sources standards for cloud controls

Citi issues €100 million “digital native note” on Euroclear’s DLT platform

Fed warns on leverage and funding risks in stability report

BIS committee endorses LEI for ISO 20022

BBC: warning to retail traders on short selling – “don’t be the dumb money”

Rabobank taps Murex’s MX.3 platform for Brazil back office

BoI activates repo program to supply institutional liquidity