News and Notes

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

Delta One to launch equity finance app on Bloomberg portal

State Street: The Effects of ESG on the Global Equities Lending Market

EquiLend Launches Regulatory Technology Solutions Division

Capital.com: global rise in short selling strategies in Q2 for retail traders

Euroclear reports net profit up 42% at €351mn for H1 2022

LCH RepoClear expands settlement connections to investor CSDs

IEEE: central banks join the crypto gold rush

FT: The big collateral call facing UK pension funds

EquiLend to launch swaps platform in EU

BNPP Securities Services picks Fireblocks and METACO for its digital asset custody