News and Notes

Industry associations ask Basel Committee to revise SA-CCR in light of market changes

Bank of Canada announces increases to the limit for Securities Repo and Overnight Reverse Repo operations

ICMA European repo survey shows record high of EUR 9,198 billion at year end 2021

ISLA Publishes 2022 Netting Opinions for the GMSLA

FDIC tells banks to report crypto asset activities

World Federation of Exchanges Publishes Briefing Focusing on Human Rights Protections

ISDA: People’s Bank of China consults on resolution legislation

S&P Global says securities finance market earned $1.082b in March 2022, up 27% year over year

Reuters: ICI says SEC mutual fund swing pricing proposals could kill money funds

Provable Markets achieves integration with FIS (Loanet) for processing on DTCC’s expected SFT CCP

DTCC and Digital Dollar Foundation/Accenture launch project on Central Bank Digital Currencies for DVP settlement

Fed blog: The Fed’s Balance Sheet Runoff: The Role of Levered NBFIs and Households

Goldman Sachs Asset Management completes acquisition of NN Investment Partners

Fed blog post presents scenarios for Reverse Repo Facility reduction as Fed shrinks Treasury holdings

Tradeweb announces first LCH SA “member-to-member” cleared trade

Federal Reserve opens Standing Repo Facility to more counterparties

LCH RepoClear sees record quarter at €67.5tn of nominal cleared in Q1

SEC Proposes Rules for the Registration and Regulation of Security-Based Swap Execution Facilities

LCH RepoClear signs on Commonwealth Bank of Australia

ASIFMA and SmartStream warn on fragmentation in Intraday Liquidity Management

Eurex Repo volumes up 16% to €157.5bn in March yoy

OpenText and MUFG Global Securities Lending Solutions Group partner to deliver newly enhanced experience to business customers

Tradeweb’s repo ADV up 8.1% yoy to $361.5bn in March

Hedgeweek: Transformational Year in Prime Brokerage

ASL Capital named primary dealer by the Federal Reserve

DataLend: securities lending revenue up 32% to $836mn in March yoy

BrokerTec US Repo ADNV up 20% to $287bn in March yoy

OCC stock loan transactions up 32% in March yoy

ESMA publishes its Final Report on the review of the Short Selling Regulation

ESMA reports improved EMIR and SFTR data quality but more standardization needed

UK FCA’s operational resilience mandate comes into force

BIS and MAS develop “Project Ellipse” supervisory analytics platform

Operational wind-down of Eurex STS following regulatory changes

Bank of England consults on bank HQLA use in stress

ECB and industry associations chime in on CRR III

ICMA ERCC updates its Repo Best Practice Guide

Kayenta closes oversubscribed funding round with South Street Securities and industry veterans

SEC proposes that prop trading firms in US Treasuries be treated as dealers, but excludes repo

ISDA provides overview of regulatory reporting via machine-executable code

ECB agrees euro liquidity lines with non-euro area central banks until 15 January 2023

ECB clarifies common approach to policy choices offered by European banking rules

ESMA publishes final guidelines on data transfers between Trade Repositories under EMIR and SFTR

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation

ESMA extends UK CCPs’ recognition decisions

State Street Collateral+ platform goes live on Pirum’s CollateralConnect

Fed survey: 50% of dealers expect greater funding demand from global macro funds as interest rates rise

Bank of England to launch consultation on a UK central bank digital currency

BrokerTec integrates relative value curve spread trading with Broadway

Reuters: Foreigners banned from selling Russian stocks as market set for limited reopening

UK Prudential Regulation Authority warns firms on crypto exposure and risk management