News and Notes

UK authorities consult on AI and machine learning in financial services

SIX to provide local custody services in Spain

DTCC clears first SFT using Provable Markets ATS and FIS connectivity

DSB: UPI mandate becomes EU law as part of EMIR Refit

SmartStream deploys AI tech for exceptions management and ISO 20022

BoE widens gilt purchase operations to include index-linked gilts

ESMA says 5-year priorities are protecting retail, sustainable finance, tech and data

ECB and PBoC extend bilateral currency swap facility another 3 years

ISSA survey shows DLT live use cases doubling since 2020

BoE expands collateral repo facility for orderly end to gilt intervention

LBBW and Vontobel issue first digital securities on Deutsche Börse’s D7

Ally Financial, Multiverse publish quantum computing research for financial index tracking

SEC reopens comment period for reporting of securities loans

Eurex Repo ADV up 72% yoy at €240.6bn in September

FINRA Fines UBS Securities $2.5mn for RegSHO violations

SS&C announces new securities financing module

Tradeweb’s repo ADV up 16.6% yoy to $381.2bn in September

S&P Global: securities finance hits $1bn in September, Q3 leads for revenue in 2022

HQLA^X, J.P. Morgan, Ownera and Wematch Demonstrate a Cross-Ledger Repo

Basel Committee reports on buffer usability and cyclicality

NIST: stablecoin tech and related cybersecurity

BNY Mellon and Pirum Launch New Collateral Optimization Service to Improve Profitability

Fnality and Finteum settle cross-chain FX on T+0

Overbond teams up with MTS BondsPro and integrates AI into automated trading system

Industry associations weigh in on Basel Committee’s crypto asset rules

BCBS reports on Basel III implementation progress

BrokerTec US repo ADV up 23% yoy at $299 billion in September

OCC stock loan ADV down 4% at $127.7bn, transactions up 19.2% yoy in September

DataLend: Securities Lending Revenue Rose to $2.63 Billion in Q3 2022

Taipei Times: Taiwan financial regulator tightens short selling rules

Circle launched a fully-reserve backed euro stablecoin

Turquoise NYLON: Clearing for equity swaps: the time is right

Pirum expands Trade Risk Manager service

ICMA position paper on CRR3: Prudential Treatment of SFT counterparty risk under Standardised approach

BK: Korea’s FSC revising short selling reporting and collateral rules, mulls ban

Basel III capital ratios for largest global banks at highest level since 2012

Credit Agricole and Agribank added to Fed repo facilities

ISSA reviews APIs and ISO2022 for corporate actions

BNY Mellon adds new ESG ratings to securities lending

BCBS-CPMI-IOSCO finalise analysis of margining practices during the March 2020 market turmoil

ISLA Publishes 17th Edition of the Securities Lending Market Report

ESMA will not amend RTS for DLT pilot regime, recommends removing short selling flag

Cadwalader: IRS Cries Uncle for the Fourth Time on the Section 871(m) Substantial Equivalence Test

RBA scrutinizing “vendor dependency” in ASX CHESS replacement delays

How Apple’s changes to privacy have impacted capital markets advertising on Facebook and Instagram

DTCC teams up with Snowflake for data services in cloud

Reuters: round up of reactions to UK sterling collapse – “fire sale”, choice short and overshooting

European Commission asks ESMA to temporarily adjust collateral requirements for CCPs

SNB hikes rates 75bps and adjusts monetary policy in money and repo markets

OFR research warns on risks via non-bank links in opaque markets and “understated” CCP risk