News and Notes

ESMA publishes new Q&A on CSDR settlement fails

Basel Committee: non-bank financial intermediary (NBFI) sector continues to grow and has the potential to cause financial stability concerns

Protos: The curious case of FTX and Farmington State Bank, aka Moonstone

SIFMA: repo-on-DLT use cases in the context of a Basel infrastructure risk add-on

State of quantum computing commercialization and how finance fits in

ISLA/Ashurst: Preparing the Global Master Securities Lending Agreement (GMSLA) for an Evolving Digital Asset Landscape

DBS joins JPM’s Onyx network, completes first repo trade

ISDA Launches Digital Regulatory Reporting 1.0 and Opens Access to Entire Market

Check out the BIS’s interactive dashboard on GSIB exposures

BIS working paper: Systemic Risk in Markets with Multiple Central Counterparties

SimCorp and AccessFintech team up on buy-side data management tech

DTCC launches assisted model for buy-sell side regulatory reporting

NY Fed: reserve balances increasingly used for short-term funding operations

ASIFMA calls on Korean market to make seclending reforms

Bilateral repo margins are too low, say Gary Gensler and Nellie Liang at the Fed’s 2022 US Treasury conference

BoE working paper: Stress relief? Funding structures and resilience to the Covid Shock

Liquidnet on equities: strong appetite for large block trades, markets can turn on a dime

Eurex market briefing: term business stays elevated over year-end

State Street partners with FinOptSys on peer-to-peer financing platform

Taipei Times: Taiwan keeps short selling ban despite market rebound

ECB posts Q&A on securities lending programs, ups limits from €150 billion to €250 billion

ECB joins digital standards group for data and cloud

ASX puts CHESS replacement on hold, will write off $250mn

GLEIF and SWIFT team up for MIC-LEI mapping

COP27: Citi closes inaugural $100mn transaction with Africa repo facility, Amundi signs on

ICE launches FTSE 100 index total return futures

BBH: automating trade capture creates data for predicting settlement fails

OSTTRA: The Ripple Effect of Outdated Tech on Repo Markets

Fed blog: Banking System Vulnerability: 2022 Update

China Daily: Beijing exchange releases margin trading, securities lending rules “in line” with Shanghai

BofE working paper: CCP margin requirements not always the best for the market

Globe and Mail: Ontario Securities Commission accuses Cormark Securities of abusive short selling

NY Fed and MAS announce joint wholesale CBDC experiment

FSB gets on board with central clearing of repo

TMPG consults on UST market clearing and settlement of SFTs

European Council agrees its position on the implementation of Basel III reforms (CRR III)

WSJ: Japan’s Waning Appetite for Treasurys Fuels Anxiety on Wall Street

ISLA writes to UK Law Commission to support legal framework for crypto-token collateral arrangements

OFR adds FIX to financial instrument reference database

Fed blog: What Is Atomic Settlement?

ECB and EBA blog post: time to finalise Basel III in Europe without deviations

FinCEN warns on ransomware as data show spike in incidents

Tradeweb’s repo ADV up 13.6% yoy to $373bn in October

Eurex Repo volumes up 32% yoy at €253.3bn in October

J.P. Morgan, DBS and SBI complete live trades on DeFi against tokenized HQLA

DataLend: October 2022 Securities Lending Revenue Down 5% YoY to $781 Million

US SEC approves N-PX rules, asset managers must disclose securities on loan during proxy votes starting 2024

BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols

OCC seclending transactions up 11.6% yoy in October, loan value down

BrokerTec European repo ADV up 24% yoy to €376 bn in October