News and Notes

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

Pirum and Kingfield announce connectivity to fully automate claims management

Citi: wealth manager survey shows “horizontal expansion” into higher margin services like securities lending

CME and DTCC to launch cross-margining for UST and IR futures

GLMX hits record $1.5 trillion in daily balances

Wematch launches data and analytics tool for securities financing

UK FCA consults on exemptions to margin requirements for non-centrally cleared derivatives

FSB finalizes global regulatory framework for crypto activities and stablecoins (ex-CBDC)

FS-ISAC: EU imposes tougher cyber standards for FIs

DSB integrates UPI for testing ahead of production launch for OTC ISIN users

Bank of Tanzania moves towards guarantee facility with Frontclear and UN’s Africa economic commission

S&P Global releases long/short report for July

People moves: ADIA, BNP Paribas, Cboe, Clear Street, FINBOURNE, GLEIF, GPFA, HKEX, HQLA^X, ISDA, TransFICC

ESMA warns on seclending risks for retail clients

SIFMA: Basel III Endgame’s potential impacts on commercial end-users

ISDA publishes survey on derivatives use in emerging market and developing economies

Eurex’s Gast on repo market performance in June

BoE releases stress test results and financial stability report

Industry associations concerned about Fed’s Basel III Endgame plans

Clear Street’s Masotti on repo market signals

ICMA’s Quarterly spotlights UK regs, sustainable finance, wCBDCs and fintech along with repo/collateral markets update

ICMA: CRR3 will have 100% RWA for SFT exposures with unrated non-bank entities

Bank of England’s Andrew Bailey says banks should move forward with deposit tokens

US SEC proposes daily calculation of 15c3-3 reserves and expansion to security-based swaps

US SEC amends money market fund liquidity rules

Barclays announces repo hackathon using CDM

Broadridge integrates LTX with BlackRock’s Aladdin for corporate bond liquidity

AIMA: major wins in UK for short selling disclosures, rules on sovereign debt being reconsidered

ICE Clear Europe credit clearing closure reaches 85% completion mark via OSTTRA triBalance

Raiffeisen adopts ION’s solution to meet messaging standards

BIS authors warn on use of collateral and financial instability

Fed Vice Chair for Supervision Barr lays out changes to bank capital rules

IIAC: potential advantages of implementing risk mitigants in the Canadian repo marketplace

CCMA conducts survey on T+1 prep status

Basel Committee consults on revisions to the Core principles for effective banking supervision

Bloomberg Law: UK pushes back on speculation for change to repo market backstop

S&P: securities finance revenues down 5% yoy at $1.1bn in June

Acadia explains EBA’s new RTS for IM model validation

BrokerTec’s US repo ADV up 3% yoy at $270bn in June 2023

People moves: Broadridge, Clearstream, Fidelity, HSBC, LME Clear, RMA

AFME publishes DeFi whitepaper, emphasizes legal framework to avoid regulatory arbitrage

Murex partners with Rabobank to broaden securities finance offering

LCH RepoClear SA merges RepoClear and €GCPlus services

UK FCA: asset managers need to increase focus on liquidity risk gaps

Market heavyweights study proves use of shared ledger for digital asset settlement