News and Notes

ESMA outlines framework for MMF liquidity challenges

New Zealand Super buys 4.99% stake in Euroclear

Fed flags return of basis trade on hedge funds’ Treasury futures and repo positions

People Moves: Delta Capita, LCH, SSImple

NIST consults on non-fungible token securities

Tradeweb completes acquisition of Yieldbroker

ICMA creates GMRA clause library and taxonomy

Swift releases results of tokenization experiments involving major financial players

ISLA publishes H1 report on market dynamics and SFTR data

FCA weighs industry competition concerns in wholesale data markets

ESMA’s TRV shows market-based finance picking up in H1

Euroclear and Korea’s CSD sign omnibus agreement

Wematch platform passes $200bn for TRS volumes in August

NIST to standardize quantum-resistant encryption algos

Clear Street’s Masotti on repo pricing after Jackson Hole

Broadridge partners with Maybank IB for Shariah-compliant securities lending on Malaysia bourse

Xinhua: China to lower minimum margin ratio of financing for securities purchases

St. Louis Fed: Fed balance sheet actions and optimal levels for QT-II

People Moves: FIS, HQLA^X, Northern Trust, S&P Global

The Street: El Salvador’s bonds see 70% return after bitcoin adopted as legal tender

Large banks and EquiLend settle stock loan lawsuit for $500 million

QSE launches covered short selling and SLB activities

Bloomberg: OpenAI’s eyeball-scanning Worldcoin project faces regulatory scrutiny

Elliptic: MAS sets out stablecoin and issuer regulation

CPMI-IOSCO report on resources and tools for CCPs to address non-default losses

Zerocap: overcoming limits of smart contracts and DAO governance using TradFi example

Coinbase takes equity stake in Circle, axes governance consortium on regulatory clarity

Comotto: are we heading for regulatory imposition of increased collateral haircuts?

Citi survey shows 80% of respondents expect seclending impact from T+1

NY Fed blog: dynamic liquidity fees and swing pricing in MMF reforms

Taskize and Xceptor team up for trade affirmation automation ahead of T+1

MEAG announces triparty connections for seclending

People moves: BNY Mellon, Cboe Clear Europe, CFTC, Citi, Clear Street, CME, Goldman Sachs, LSEG, NYSE, OCC, Pirum, Sharegain

ING: Would a larger BRICS bloc mean faster de-dollarization?

S&P Global’s long/short report shows REITs most shorted sector in August

Bundesbank remuneration of domestic government deposits going to 0% in October 2023

Brazil’s CBDC pilot will tap SETL’s RLN as part of consortium

DSB partners with ICE and SmartStream for alternative ID data ahead of October UPI production launch

EquiLend launches Risk Resolution suite for secfinance market

NY Fed: removing repo specialness from liquidity analysis of dealer capacity and US Treasury market functionality

AIMA on UK short selling regulation amendments

China’s regulators to introduce block trading on Stock Connect

Industry commentary on DTCC T+1 testing

Fed reports on evolving cyber threats

UK FCA publishes draft amendments to SFTR reporting

PayPal launches USD stablecoin backed by deposits and short-term treasuries

MarketAxess to acquire algo trading provider Pragma

TMX Datalinx to distribute Term Corra RFR in September

ISDA calls for UK to remove short selling restrictions for sovereign CDS

NY Fed adds 3 reverse repo counterparties