News and Notes

Delta Capita acquires SETL tech for DLT venture with Montis as anchor client

Digital Token Identifier added to FIX Protocol

Katten joins FIA Tech for regulatory approvals analysis of non-US index derivatives

FS-ISAC leads “worst case scenario” cyber exercise with 29 firms

ISLA Publishes Tokenisation Paper for the Securities Financing Market

ESMA reports improved SFTR data analysis, cites benefits of revalidation process with Trade Repositories

GLEIF links LEIs with largest open database of companies globally

J.P. Morgan and Sharegain team up for seclending service to emerging players

Global participants optimise repo balance sheets in real-time with Mosaic’s analytics

BIS working paper: Tackling the fiscal policy-financial stability nexus

BK: Korea’s FSS chief says backpedals on lifting short selling ban citing uncertainties

Canadian securities industry pushes back against potential short selling curbs

DSB launches UAT access for UPI along with service onboarding

FSB publishes approach for cyber incident reporting convergence

ISLA publishes 2023 netting opinions for GMSLA

Eurex Repo March briefing: acute phase of financial stress seems to have passed

RMA publishes summary of Form N-PX rule changes

LCH SA RepoClear hits several records in March

ICMA publishes 2023 legal opinion updates for GMRA

Rapid7: UK financial services sector leads for risky cyber exposure

S&P Global: securities finance market had banner March revenues at $1.2bn

ICMA releases Q2 2023 report with repo and collateral markets updates

ECB’s SESFOD show credit tightening for all counterparty types from Dec 22 to Feb 23

Clear Street raises $270mn from Prysm Capital

Bank of Canada: A Review of the Bank of Canada’s Market Operations related to COVID-19

FICC sponsored repo balances over $600 billion since end of March

Bloomberg: China Traders Borrow Trillions to Juice Returns in Bond Market

Citi launches sustainable time deposit solution for US institutional clients

AIMA: hedge fund sentiment improves despite “March madness”

Dechert: Luxembourg’s blockchain law recognizes DLT collateral

FS-ISAC: navigating cyber 2023

ECB: CCP initial margin models in Europe

SIFMA: March market metrics related to US regional bank turmoil

Eurex Repo GC Pooling volumes spike 125% yoy to €114.9bn in March

BrokerTec European repo ADVN increased 10% yoy at €372bn in March

Tradeweb’s repo ADV up 23% yoy at $444.5bn in March

ICMA analysis: SFTR public data for repo in 2022

NFT bubbles as systematic study of retail investor behavior

Ortex: short sellers reaped $848mn betting against First Republic

CRS: BTFP and other Federal Reserve support to banking system in turmoil

BoE publishes feedback on HQLA non-use and what can be done about it

OCC stock loan transaction volume up 11% yoy in March

DataLend: seclending revenue up 27% to $2.8bn in Q1 2023

RISCfp announces inaugural issue of its managed treasury pool (MTP) notes

Industry associations respond to BoE’s Basel 3.1 consultation

UBS executes first cross-border intraday repo on Broadridge’s DLR platform

UK FCA publishes results of trade data study, launches wholesale data consult

Pirum boosts CoacsConnect to fully automate income claims

Bank Policy Institute suggests Fed should lower the rate on Reverse Repos

Fed’s Q1 SCOOS finds funding terms mostly unchanged for all collateral classes