News and Notes

BIS quarterly review spotlights “resilient risk-taking”

Canadian regulators formalize CanDeal and Term Corra benchmark designations

Major FMIs call for industry to prioritize scale and interoperability of DLTs

Citi survey warns incumbents on market share shifts in cross-border payments

WFE: policies on market-based financing should be distinct from credit channels

BIS and IDB prioritize next-gen settlement engine in Latin America innovation push

People moves round-up: ASIFMA, BBH, BIS, BNP Paribas, Bundesbank, Citi, ECB, Fed, FS-ISAC, Goldman Sachs, HSBC, J.P. Morgan, LSEG, Serendipity Capital, SGX, SocGen

Nasdaq study shows 78% of FMI investment budgets dominated by legacy tech

S&P Global’s long/short report shows short interest increase for global and APAC equities in September

IMF: how should central banks explore CBDCs?

Causality Link taps GenAI for research platform with free trial access

Eurex Repo’s Gast on August market activity and new clearing members

EquiLend 1Source pilot kicks off with go live set for 2024

Pirum announces connectivity with FIS for recalls and callbacks ahead of T+1

Swift begins testing CBDC interlink with dozens of firms and central banks

Quantinuum creates Monte Carlo integration engine

WFE issues guidance note on its green equity principles

Broadridge launces cloud-based reconciliation and matching solution

Snowflake invests in BMLL and partners on data analytics distribution globally

DTCC survey on SEC’s Treasury clearing proposal forecasts $1.63tr daily activity increase

Broadridge launches investor communications cloud platform globally

Banking Trade Associations Call on US Regulators to Re-Propose Basel Rule

BIS: consequences of AT1 instruments absorbing losses before equity

TP ICAP’s eRepo order book hits £100bn daily volume

DTCC and CME to launch enhanced cross-margining in Jan 2024, including repo

ION overhauls treasury management system

Eurex’s STIR program signs on 18 participants ahead of October go-live

Finch Capital: software and B2B trends in European fintech here to stay

Nasdaq gets SEC approval for AI order type

IIAC on India’s move to T+1hr by March 2024, and then instant settlement

New York Fed relaunches “nowcast” model for economic indicators

ISDA SIMM to move to semi-annual calibration in 2025

People moves round-up: Broadridge, Deutsche Bank, J.P. Morgan, ISSA, MUFG, Northern Trust, Phillip Capital, Pirum

BIS research on a stylized framework for system-wide debt capacity

HSBC and Terra to apply hybrid quantum tech to collateral optimization

Fried Frank: trade groups reiterate opposition to SEC’s 10B-1 proposal

Fenergo: regulatory penalties plunge 88% yoy in H1 2023

Blackberry Cyber team publishes threat intelligence report

Back to School? WFE thinks big with educational initiative on market infrastructures

S&P Global: securities lending revenues flat at $1.1bn in August

ECB releases climate stress test results, urges accelerating green investment

BrokerTec’s US repo ADV up 8% yoy at $292bn in August

FSB outlines policy responses for hedge fund-prime broker leverage risk

Reuters: rising demand for Fed’s BTFP stems from “opportunistic money management strategies”

Tradeweb repo volumes up 33.1% to $491.9bn in August

Shared ledger network RLN reports on repo use case in UK “discovery phase”

DataLend: global seclending revenue up 8% yoy to $945mn in August

OCC stock loan volumes up 16% yoy to $139.8bn in August

NIST publishes paper on stablecoin tech and security considerations

CCMA T+1 update: TMX developing securities lending portal