News and Notes

Canada central bank reports hedge funds represent 1/3+ D2C daily volumes using GoC collateral

Global Banks Progressing towards Go-live on the Finteum Platform

Bank of England Money Markets Committee plans further discussion in haircuts for repo

S&P: securities lending revenues down 7% yoy at $1.1bn in July, Asia equities outperform

People moves: BoE, BNY Mellon, CFTC, ING, ISSA, Julius Baer, State Street, TS Imagine

Tradeweb repo volumes up 24.9% yoy at $496.3bn in July

Clearstream signs on for Regnology cloud platform for reg reporting

BIS research: Bank of Japan’s ETF purchase program and securities lending

Eurex Repo volumes up 65% yoy at €332.2bn in July

Hedge fund performance, classification with machine learning, and managerial implications

OCC stock loan volumes up 13.9% yoy to $136.2bn in July

BrokerTec’s US repo volumes up 4% yoy at $270.3bn in July

UK FCA adds temporary measures for SFT reporting

DataLend: July 2023 securities lending revenue up 6% month over month at $943mn

India’s AMC Repo launches triparty repo for corporate bonds

US OFR launches joint analysis data environment for FSOC

Canada’s OSFI consults on crypto asset capital and liquidity treatment

Fed says depository banks should consider discount window in contingency plans

Artemis: FBI investigating forged LOCs issued by China Construction Bank

South Street to acquire GX2 systems

US Congressional Research Service: analysis of large bank capital standards

Evident AI report shows five banks consistently ahead in innovation

ECB: stress tests shows banks can withstand severe downturn

SmartStream: T+1 to increase intraday liquidity demand

People moves: AccessFintech, Broadridge, Deutsche Bank, Euroclear, Pirum

FSB’s Schindler discusses NBFI strategy as policy recommendations near

US regulators release Basel III endgame proposal

FINOS announces open source cloud project backed by Citi and 20 firms

S&P Global: securities finance revenue up 7% yoy at $3.6bn in Q2 2023

FSB reports on Unallocated Total Loss-Absorbing Capacity for G-SIBs

CFTC seeks to remove IM collateral restrictions on MMFs transferring assets via securities financing in proposed amendments to margin requirements for uncleared swaps

SEC proposes new requirements for predictive analytics used by brokers

SEC adopts rules for cyber risk management

Rigetti and ADIA Lab to develop QML solution for quant finance

EBA: banks plan to increase market-based funding, repo expected to grow 8.1% in 2023

X9 updates cryptographic standard for quantum computing hack protection

Acadia integrates SIMM 2.5A to Open Source Risk Engine

RMA publishes T+1 report for securities lending

ECB’s Enria discusses liquidity risk reporting and planning

ECB consults on effective risk data aggregation and reporting

Banque de France reports on 3 models for wCBDC

Reuters interview with South Street Securities’ James Tabacchi on challenges for smaller Treasury and repo dealers

Dataiku: AI and data analytics use cases in financial services

People moves: Broadridge, CFTC, DTCC, FinCEN, Northern Trust

RMA and BAI announce intent to merge in December

FedNow service goes live

Reuters: BoE reports second-biggest usage of short-term liquidity repo

AIMA/ACC: provisional agreement on AIFMD Review provides regulatory stability for EU alternative investment industry

ISSA survey shows securities finance/collateral leads list for DLT readiness

HSBC executes first international seclending transaction on Dubai’s DFM