News and Notes

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

BrokerTec: US repo ADV increased 8% yoy to $292 billion in May

ESI: holders of long US bonds should closely follow BoJ policy

CFTC approves Cboe to clear margined digital asset futures

ASX unveils 5-year tech overhaul strategy, will announce CHESS replacement design in Q4

BIS, BdF and Bundesbank set up quantum-safe link for financial data

Tradeweb’s repo ADV up 11.9% yoy at $470.2bn in May

Wematch launches optimizer and TRS cash flow tools for secfinance desks

Eurex repo volumes double yoy to almost €400 billion in May 2023

Redhedge signals risk premium disconnect in CRV strategy expansion

Researchers propose quantum computing technique for “dramatic speedup and energy savings” of blockchain consensus algo

NY Fed adds Goldman Sachs and JNL MMF entities as RRP counterparties

OCC stock loan ADV flat, transaction volume up 4.4% yoy in May

Bank of England paper looks at benefits of comprehensive repo clearing during crisis periods

Reuters: US Congress averts historic default, approves debt-limit suspension

ECB consults on counterparty credit risk governance and management

DataLend: May 2023 securities lending revenue up 15% yoy to $1.1bn

John Hopkins U: BloombergGPT development and progress to query language

BBH: T+1 prep for seclending can be competitive advantage

ESAs warn on greenwashing risks and suggest remedial actions

Swift Institute: survey reveals concerns over trade-offs of accelerated settlement

OFR’s Martin on the international data standards scene for DLT and digital assets

ECB report on bank/non-bank links scrutinizes repo concentration

HSBC and Quantinuum eye cyber, fraud and NLP as financial quantum use cases

BIS establishes API protocol committee for cross-border payments

CCMA launches T+1 portal as countdown starts to accelerated settlement

Reuters: dozens of Indonesia banks sign on to GMRA

NBU unveils strategy for financial stability and revamps settlement to ISO20022

Reuters: China’s interbank repo turnover hits record

ISLA publishes guidance on application of FCA Consumer Duty to securities lending

VerifyVASP becomes GLEIF Validation Agent for crypto and digital asset markets

BME Clearing goes live on SIX CO:RE Repo Market

Reuters: Higher interest rates boost hedge fund stock borrowing to record high – Goldman

ENSafrica: Uganda makes rules on enforceable netting

BIS working paper suggests returning to central bank scarce reserves regimes

Clearstream and TMX to launch new Canadian collateral management service in Q3

German savings banks tap DekaBank’s DLT registry for refinancing bonds

AFR: ASX considers abandoning blockchain for CHESS replacement

EU’s resolution board considers lessons from March banking turmoil, warns on emergency SR fund

DTCC and Nomura to connect CTM and SmartBridge for post-trade automation

SIFMA data show boost in balance sheet and capital ratios since GFC

DRW executes intraday repo with banks using Broadridge’s DLR platform

Taskize and Symphony integrate post-trade comms for operation teams

ECB VP De Guindos: shadow bank risks growing, policy action shrinking

China establishes national financial regulatory administration

CoinDesk: Circle moves $8.7bn to repo amid US default jitters

Global Investor: CACEIS on securities lending in 2023