News and Notes

Monetary Authority of Singapore launches pilot DeFi tokenization project for wholesale funding with DBS Bank, JP Morgan and Marketnode

APAs and ARMs set up association to boost regulatory standards for data quality and auditability

J.P. Morgan launches Tokenized Collateral Network using Money Market Funds as collateral

ICMA: Digitising legal documentation for future repo market efficiency

US SEC proposes rules on ESG disclosures

ISLA and Linklaters sign MoU to automate seclending docs

FT: BNPP has joined JPM’s Onyx repo blockchain platform

Clear Street Closes $165 Million Series B Funding Round

SIFMA: if any CBDC, policymakers should focus on wholesale, not retail

NY Fed issues report on Open Market Operations in 2021

ECB’s SESFOD shows mixed conditions in securities financing markets

APG signs on to Eurex’s ISA Direct for centrally cleared repo and IRS

CNBC: FTX U.S. moves into stock trading

ESMA publishes analysis on Archegos failure and the role of regulatory reporting data

ESMA updates CSDR Q&A for review and evaluation

BPI continues to press its case against a US CBDC

BIS: Building regional payment areas: the Single Rule Book approach

BIS: DLT-based enhancement of cross-border payment efficiency – a legal and regulatory perspective

SEC orders Allianz to pay $6bn for “Structured Alpha” securities fraud as criminal proceedings advance

State Street teams up with Paxos for T0 settlement pilot

ICE sells Euroclear stake to governments of France and Belgium

OpenGamma: Ukraine war has led to higher derivative margin costs

Matrix launching upgraded collateral management system with microservices in Q4

Baton Systems adds LCH SA to CCP network

OSTTRA Launches Repo Confirmation Service, Powered by MarkitWire

ECB’s Schnabel: The globalisation of inflation

Sharegain first company globally to offer clients SWIFT public cloud connectivity

IPE: investors grapple with sustainability in short selling strategies

Eurex Repo commentary on positive trends for April

New York Fed’s Logan to become Dallas Fed chief exec

Industry associations seek third-party solution for CDM repository

ISDA survey finds initial margin jumps 38% from top 20 firms in 2021 yoy

US Treasury Market Practices Group publishes UST repo trade flow mapping

ECB amends monetary policy implementation guidelines

BloombergQ: Goldman Sachs makes crypto collateral loan to Coinbase

Fed accelerates plan to reduce balance sheet size

DataLend: Securities Lending Revenue Up 20% YoY to $828 Million in April 2022

Tradeweb’s repo ADV up 15.1% yoy to $375.3bn in April

Robinhood officially announces Fully Paid securities lending program

Eurex Repo market volumes up 75% at €145.3bn in April yoy

SmartStream launches “Eligibility API” for OTC/repo collateral optimization

OCC stock loan ADV up 15% at $134.2bn in April yoy

BrokerTec US repo ADNV up 35% at $288bn in April yoy

SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme

Law360: UK HMRC Wins Overseas Dividend Test Case At Top Court

Bank of England’s Sam Woods proposes a new bank capital model with one single buffer

KDPW_CCP Clearing House to Clear Repos