News and Notes

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

DTCC warns on quantum security risks as financial industry grapples with threat planning

AFME weighs T+1 settlement for Europe, warns on seclending compression

HSBC, J.P. Morgan announce quantum research partnerships

No US CBDC yet: US Treasury and White House postpone any real decision making

ECB taps CaixaBank for digital euro prototype project

S&P GMI launches automated onboarding tool for secfinance clients

SEC proposes rules for central clearing in US Treasury market with repo in scope

BIS survey highlights central banks’ views on cyber threat landscape

SWIFT to trial corporate actions on the blockchain with Northern Trust, Vanguard

HQLA^X and Wematch announce collaboration for common clients

Norway central bank makes CBDC source code public

IPE: Dutch pension funds selling assets for margin calls, expert recommends repo

WFE survey shows significant advance in ESG depth and scope

Qatar financial regulator issues short selling and SLB rules

Acadia onboards 1,000+ firms for UMR phase 6

Fed’s Patricia Zobel: decline expected in the Reverse Repo Facility

ECB temporarily removes 0% interest rate ceiling for remuneration of government deposits

Industry associations appoint FINOS for CDM repository

Bank of England blog: Measuring capital at risk in the UK banking sector

CPMI and IOSCO publish a report on access to central clearing and portability

Tradeweb’s repo ADV up 16.7% yoy to $369.6bn in August

Eurex repo volumes up 94% yoy at €239.5bn in August

Prop firm Prime Trading implements Iress’ API and data solution

S&P Global: securities finance revenues have strong August at $1.1bn

Credit Agricole and four Chinese banks settle first ESG repo on Clearstream and the China Foreign Exchange Trading System

ING: Government cash management set to worsen the euro collateral shortage

Reuters: Beijing Stock Exchange introduces rules for margin trading and securities lending

ICMA names first Head of Fintech and Digitalisation

DataLend: seclending revenue up 10% yoy at $878mn in August

Atlas VPN: cloud servers rise to top cyberattack entry point

SEC paper: Money Market Funds in the Treasury Market

OCC stock loan ADV down 4.5% at $126.2bn, transactions up 20% in August yoy

BrokerTec European repo ADNV up 21% yoy to €343.7bn in August

Secfinance commentary round-up on UMR6 launch

ESMA says risks to its remit remains at “highest level”, contagion and operational risks “very high”

Overbond and TMX partner for settlement layer bond data analytics

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