News and Notes

Australian regulator ASIC warns retail brokers on offering securities lending to clients

Nordic energy firm Fortum’s collateral on Nasdaq increases €1bn in a week

FIS announces state-level solutions for real-time networks and CBDC

Swiss bourse launches collateral delegation service for triparty ahead of UMR6

PIFS: expanding access to the Fed standing repo facility for US treasuries

IHS Markit: Securities finance revenue $6.1bn in H1 2022, best half-year performance since 2008

Hazeltree Secures Investment Round Led by FINTOP Capital, Joined by Hamilton Lane

OFR Blog Post Explains the US Non-centrally Cleared Bilateral Repo Market

Global Investor: MarketAxess daily repo trading volumes up 17% in first half

Bank of Japan: Quantitative Analysis of Haircuts: Evidence from the Japanese Repo and Securities Lending Markets

Moscow Exchange bans US dollars as collateral effective August 29, 2022

DTCC Project Ion now processing 100,000 transactions per day on DLT

Fed governor Bowman hypes FedNow over CBDC

Dentons: Modernization of the Luxembourg Law on financial collateral arrangements

IIROC bans naked short selling, releases guidance

Baton’s collateral management network signs on OCC

Deutsche Bank says ECB could launch reverse repo facility

Bloomberg: ESG Funds Face SEC Probe Over Ceding Votes on Social Issues

Federal Reserve sets rules for non-traditional firms to access accounts and payment services

Risk: Buy-side retreats to ‘dirty’ CSAs amid collateral crunch

WT: Finos will host common domain model for industry associations

SEC and CFTC propose changes to hedge fund leverage details on Form PF

Paper: Correlations in Operational Risk Stress Testing: Use and Abuse

ISDA publishes results of US treasury clearing survey

Eurex Repo: July follows 2022 trend of elevated repo market volumes

DSB calls for participation on tech committee

S&P Global: Americas equity secfinance revenue up 103% yoy at $605mn in July

Fed announces upcoming individual capital requirements for large banks

CPMI and IOSCO consult on CCPs’ practices for addressing non-default losses

TechM: post-quantum algo short-listed by NIST cracked in an hour

ECB recommends scrapping MBI regime, or at least excluding SFTs as part of CSDR review

Acadia sees 150% rise in funding costs on margin requirements

BPI: Lessons for Fed in BoE’s plan for shrinking balance sheet

Clearstream and Pirum extend connectivity for collateral automation

Tradeweb’s repo ADV up 15% yoy at $397.3bn in July

DTCC’s MTU connects to major triparty agents ahead of UMR6

DataLend: seclending revenue up 24% yoy in July at $939mn

Eurex’s repo market up 57% to €197.6bn yoy in July

ASX delays CHESS replacement on independent review

CME Clearing Expands Collateral Policy to Accept Short-Term U.S. Treasury ETFs

TD targets US expansion with $1.3bn Cowen acquisition

BrokerTec US repo ADNV up 18% yoy to $261bn in July

OCC stock loan ADV down 3%, transactions up 10% in July yoy

PASLA launches podcast series

ISDA Publishes China Netting Opinion as FDL Comes into Effect

DTCC, industry associations publish T+1 implementation playbook

Korea SFC announces oversight measures for short selling

ECB’s SESFOD shows tighter credit T&Cs, relatively contained

Fed paper on the collateral premium and levered safe asset production

UK authorities consult on operational resilience and third party risk