News and Notes

WFE paper examines margin model procyclicality measurements

BrokerTec to clear €-securities via LCH RepoClear

GFMA report details DLT and CBDC market developments

US SEC consults on CCA rules that would include intraday exposure monitoring

NYDFS delivers post mortem on Signature Bank

BoE seclending committee scrutinizes market trends and indemnification hurdles

Swift signs on dozens of largest FIs for settlement tracking service

SIFMA warns on capital costs for large US banks amid Basel III Endgame

ECB sanctions Goldman Sachs Bank Europe €6.6mn for misreporting capital needs

TPG to acquire Angelo Gordon for $2.7bn in cash and equity deal

Euroclear and BondCliQ launch fixed income settlement tool

Bloomberg article on increase in UST basis trade using CFTC data

Eurex’s Frank Gast details repo market highlights for April

HSBC and Tradeweb complete first set of trades under China Swap Connect

American Banker: Place a growth limit on the Fed’s reverse-repo facility

OFR repo data project finds over 70% of non-cleared bilateral transactions with 0% haircut

ISDA video: automation and standardization of collateral processes

Tether reports $81.8bn reserves and announces shift to repo markets for liquidity

Symphony and FIA Tech team up for data query workflows in capital markets

BNY Mellon taps Glue42 for “operations to operations” project

MoraBanc signs on to Sharegain’s SLaaS for private banking clients

RMA highlights paper “Addressing Misconceptions in Securities Lending” from March 2022

EquiLend says 1Source to be built on the Canton Network

Forbes: Broadridge Now Conducts $70 Billion Of Blockchain Repo Trades Per Day

SmartStream and Acadia to automate collateral substitutions movements

State Street executed first centrally cleared repo trades in Europe at Eurex

ISDA survey shows $1.4tn in margin collected at 2022-end

Bloomberg event looks at ESG data management and future of data in cloud

Deutsche Börse, EquiLend, Goldman Sachs among firms to begin testing blockchain “network of networks”

LSEG to use OpenFin for customer desktops

SEC enforces first Liquidity Rule case against investment adviser

BrokerTec European repo ADV up 5% yoy to €351 billion in April

Eurex Repo GC Pooling volumes spike 172% yoy to €149bn in April

Northern Trust issues securities lending briefing for beneficial owners

IonQ and Fidelity’s innovation center developing quantum computing design for Monte Carlo algorithms

US Treasury to launch buyback program in 2024

Tradeweb’s repo ADV up 14% yoy at $429.0bn in April

SSImple launches SaaS DLT platform for SSI management

DSB consults on OTC ISIN and CFI services

Pico announces Corvil cloud analytics availability on AWS

BIS: money market funds and pricing of near-money assets

DataLend: April 2023 seclending revenue up 27% yoy at $1.05bn

OCC stock loan ADV and transactions slightly down in April

J.P. Morgan acquires First Republic

Fed, FDIC publish reviews on SVB, Signature bank failures

NBU announces wartime bank stress tests

Basel Committee Chair says digitalization of finance, climate change next on the agenda

Eurosystem to explore new tech for wholesale central bank money settlement

Deutsche Börse agrees €3.9bn offer for SimCorp in cash/debt financing deal

ECB publishes Euro money market study 2022