News and Notes

ECB to phase out collateral easing measures starting July 2022

Japan’s Government Pension Investment Fund issues RFI for impact of stock lending suspension

Reuters: Netherlands sells more debt to soothe overnight lending market

European CCP group publishes response to EC’s clearing consultation

ISLA says that current EU macroprudential toolkit is adequate for addressing bank systemic risks

Bank of England targets 2025 for Basel III implementation

SEC proposes rules for climate-related disclosures

Euroclear invests in wholesale markets DLT settlement firm Fnality

ISLA says ISDA seclending agreement does not address agency lending or pledge

PYMNTS: Robinhood adds Fully Paid securities lending to mobile app

Fed moves repo rate to 50 bps, Reverse Repo Facility rate to 30 bps

Bloomberg: Russia pullback unravels decades of investment

Transcend launches information and analytics hub for collateral eligibility

UK FCA updates SFTR reporting requirements with European central banks

Ledger Insights: Central counterparties: can blockchain provide a lower risk alternative?

Nikkei Asia: Japan delays introduction of Basel III capital rules for megabanks

European Commission publishes proposal for review of CSDR

Eurex Repo volumes rise 11.2% in February yoy, settlement unchanged since CSDR

FSB: Central Counterparty Financial Resources for Recovery and Resolution

Bank of England working paper: Margin procyclicality and the collateral cycle

S&P Global: securities finance revenues were $825m in February 2022, a 2% YoY increase

ECB to taper Asset Purchase Programme, end Pandemic Emergency Purchase Programme

ISLA Publishes Securities Lending Market Report 16th Edition

Eurex Repo volumes up 11% to €190.7bn in February yoy

Disruption in nickel markets has implications for collateral

Reuters: German finance agency upsizes bond to ease repo market tension

Tradeweb’s repo ADV up 2.6% yoy to $352.6bn in February

LCH has served VTB Capital a default notice

UK broker Freetrade to require client consent on securities lending

OCC stock loan transaction volume up 53% yoy in February

DataLend: $634 million in Securities Lending Revenue in February 2022

FX Empire: Central Bank of Russia Launches SWIFT Replacement With 399 Users

BrokerTec’s EU Repo ADNV hits record at €336bn in February

S&P Global completes $140bn merger with IHS Markit

ESMA publishes “The 2020 short selling bans – market impact”

Risk: Citadel Securities ‘expects’ to make US primary dealer bid

FT: Archegos and banks in settlement talks amid block trades probe

SEC reopens comment period for Rule 10c-1 on securities lending transparency

ISDA Publishes Documentation to Align Derivatives and SFT Markets

BIS’ review features non-bank syndicated lending, global banks’ balance sheet structures

FCA to exclude all SFTs from reporting under UK MiFIR

West removes selected Russian banks from SWIFT and restricts Bank of Russia reserves

Financial Advisor: UBS Wealth Management Issues Margin Calls on Clients with Russian Bonds Collateral

SEC proposes new short selling disclosure rules

Bank of Russia bans short sales in Russian financial market

Bank of Russia commits to providing additional foreign currency repo and FX swaps to domestic banks

ISSA publishes review of critical functions and stress scenarios

BloombergQ: India starts T+1 settlement transition

US Office of Financial Research proposes bilateral repo data collection to Fed Treasury Markets Practices Group

IHS Markit: Securities finance revenue $5.45bn in H2 2021, most yearly revenue since 2008