News and Notes

The Trade: banks hit with up to €5mn/mo in CSDR penalties as settlement rates deteriorate

IonQ researches quantum computing multi-variable distributions in risk management

Northern Trust creates digital assets and financial markets group

Moody’s: European Liquidity coverage ratios will deflate as TLTRO loans continue

Bloomberg, MarketAxess and Tradeweb to establish JV for EU fixed income consolidated tape

Citi partners with Swiss fintech METACO for digital asset custody

Neptune partners with Genesis to launch low code platform in July

Euronext Clearing introduces new VaR-based margin methodology

LCH RepoClear goes live with new VaR model

EquiLend launches DataLend Liquidity Score

BIS presents a vision for the future monetary system

UK PRA issues proposals for model risk management including AI/ML

Deutsche Börse partners with Kaiko for crypto market data

Bank of Uganda announces guarantee facility for interbank defaults

Euroclear and Vermeg: ECMS, a game changer to access your central bank

ASIFMA argues against Financial Transactions Taxes in new paper

Fitch: impact on banks from BCBS recognition of EU banking union

Managed Funds Association: The Use of Short Selling to Achieve ESG Goals

DTCC launches automation for voluntary reorganizations in corporate actions using ISO 20022

Euronext buys MTS technology from Nexi, relocates data center to Italy

Goldman Sachs and Marex execute first OTC NDF on ether

FT article mischaracterizes ESMA position towards securities lending fee splits at UCITS funds

BIS paper finds DeFi will need to centralize to make inroads into the real economy

SEC Charges Weiss Asset Management with Short Selling Violations

PICO upgrades network analytics for 100Gbps processing

Fintech Finteum signs 14 banks for FX swaps and repo trading platform trial

Eurex Repo’s Gast on market performance in May

US Senate bill introduces legislation for digital assets; Lummis-Gillibrand gives regulatory authority to CFTC

ISDA: Key Trends in the Size and Composition of OTC Derivatives Markets in the Second Half of 2021

International Finance: Interview with Japan Securities Finance Co’s Yutaka Okada

Bank of England: What drives repo haircuts? Evidence from the UK market

State Street: no interest in buying Credit Suisse

S&P Global: secfinance revenues up 16% in May 2022 year over year

Traders Mag: Hazeltree on actionable securities finance data

FSB identifies SFTs as a data gap challenge

ESMA: risk at highest level on political events, inflation and market vol

LCH RepoClear sees cash value up 15% to €25.1tr in May yoy

ESMA publishes administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR)

ISLA Publishes “Applicability of ESG to Collateral in the Securities Lending Context”

Canada’s IIROC issues guidance on fully paid lending programs

Eurex GC Pooling volumes jump 105% to €77.6bn in May yoy

Tradeweb’s repo ADV up 13.8% yoy to $420.3bn in May

DTCC receives SEC approval to launch NSCC SFT CCP

ESMA publishes 3-year suspension of mandatory buy-in rules

DataLend: seclending revenue up 9% to $923mn in May yoy

BrokerTec repo volume ADNV up 35% at $271bn in May yoy

Eurex’s Ricky Maloney: Asset Managers get crypto but face realistic constraints to adoption

OCC stock loan ADV up 6% at $127.3bn in May yoy

Global Custodian: Partial release: A missing piece to the settlement efficiency puzzle

Paper: The Eurosystem’s Bond Market Share at an All-Time High: What Does it Mean for Repo Markets?