News and Notes

NY Fed’s Ostrander on BTFP legalities and lessons for banks and supervisors

Reuters: Fed RRP demand falls below $2tn for first time since June 2022

FSB and IOSCO consult on liquidity risk in open-ended funds

Malaysia bourse changes “Approved Securities” limits to boost lending

Fujitsu to start multi-blockchain trial for cross-border securities settlement in Asia

SIFMA argues against expansion of RegSCI to broker-dealer activity

FINRA consults on new liquidity risk management requirements

ESMA launches 5-year data strategy, plans access and anomaly detection applications for SFTR data

Frontclear’s guarantee portfolio increases 34% yoy to $278 million at year-end 2022

ISLA: the old approach to standards has run its course and time to react is running out

Clearstream and Consort1 expand repo market access with secured deposit service

DTCC’s FICC sponsored clearing hits $750bn/day, GC at $100bn

Eurex Repo’s Gast on record volumes in May and rise in SSA bond trading

Cboe Clear Europe Plans to Introduce Clearing Service for Securities Financing Transactions

X9 to develop post-quantum cryptography guidelines

European Supervisory Authorities ask European Commission for clarification on margin rules for OTC equity derivatives

FIA Tech raises $25.4mn led by seven banks for ETD post-trade shared ledger network

ION launches combined dark-lit pools solution for equities order handling

J.P. Morgan boosts Fusion platform to deal with proliferating ESG data sources

SEC charges Sabby Management for naked short selling

NASDAQ to buy Adenza from Thoma Bravo

ISLA cites Credit Risk RWAs, Minimum Haircuts as main Basel III reform challenges for securities finance

NBU reports foreign reserves hit 11-year high at $37bn

UBS completes Credit Suisse acquisition

WFE reports widespread adoption of ESG and sustainability principles

Evident: J.P. Morgan, Capital One lead on AI talent in 46k-strong global workforce

MUFG launches bank-backed stablecoin issuance on public blockchain after Japan law

Business Standard: India regulator greenlights mutual funds to invest in repo in CP, CDs

Traders Mag: For Some Prime Brokers, DCO Registration Looms Large

MarketWatch: who will buy the deluge of Treasury bills?

BIS: the demand for government debt – EU, Japan, UK and US

Bloomberg: J.P. Morgan to pilot Onyx blockchain to settle USD trades in India

US SEC adopts anti-fraud measures in the security-based swaps market

Citi launches automated settlement solution in Hong Kong

Swift teams up with major institutions for tokenized assets interoperability across blockchains

EBA: impact and calibration of SA-CCR for counterparty risk

BBVA partners with Wematch for equity finance automation

ESMA responds to SFTR Q&A on reporting for IORPs and personal pension funds

OSTTRA launches first RFR conversion service starting with USD-SGD

Fenergo launches real-time AI monitoring tool for fintechs

US authorities issue third-party risk guidance with eye on fintechs

SEC files emergency order to freeze Binance’s assets in the US

ECB’s De Guindos says “real-life stress test” of recent bank failures should prompt action on CMU

Eurex to build an EU-based liquidity pool for € short-term IRD

SmartStream taps AI for cash balance onboarding and reconcilations

ESRB publishes EU NBFI risk monitor for 2023, expands coverage to crypto

S&P GMI: securities finance revenues reach $1.2bn, up 6.3% yoy in May

ESMA publishes MMF stress tests: overall resilience but critical thresholds breached

PASLA: Indonesia launch of bilateral SLB facility will boost investment

ECB T2S report shows settlement rates at 93%, SSImple reckons that’s €1.7bn penalties for 2022