News and Notes

Citi picks Google Cloud for digital strategy and AI overhaul

Fintech News Singapore: OCBC transacts repo on J.P. Morgan’s Onyx

S&P Global and MarketAxess to launch fixed income pricing products

Blue Flame AI applies genAI to DDQs & RFPs for AIMs

Broadridge launches platform for digital assets information

US SEC delays ruling on FINRA’s SLATE proposal until January 2, 2025

XTB: UK budget – no “Truss panic” but not out of the woods

OBE launches transatlantic index as open banking gets green light in US

LSEG boosts fraud prevention with real-time and AI verification

MUFG Bank goes live on CLS’ bilateral netting calculation service

ICMA spotlights rapid repo market growth in Australia

EBA consults on IM model authorization under EMIR 3

BoC lifts overnight repo amounts as T+1 swells demand

OpenGamma on IMF liquidity warnings: fund managers best placed to make risk calls

Clearstream manages cleared repo on DLT with industry partners

CCE clears first DB equity trades using PCM, flags SFT clearing in Q4

China central bank introduces outright reverse repos amid year-end liquidity concerns

AIMA pushes back on IMF hedge fund transparency claims

BIS and 4 central banks embed compliance in cross-border transactions

S&P Global: cash reinvestment returns gain amid rate uncertainty

US SEC adopts rule amendments and new rule to improve risk management and resilience of Covered Clearing Agencies

ECB sets date of delayed ECMS launch for mid-June 2025

People moves: Broadway, BTG Pactual, Casablanca Finance City, EquiLend, Frankfurt Main Finance, HSBC, OCC, Philadelphia Fed, S&P Global

Chainlink and 8 industry heavyweights tap AI, oracles and blockchain for corporate actions

US FINRA fines Interactive Brokers $475k for seclending violations

SIX: T+1-driven settlement failures challenge European investors

SDX on mitigating market risk of tokenization adoption

Bangkok Post: SET toughens penalties for naked short selling

Bloomberg: Argentine banks tap repo market amid peso demand

Protos: why are Tether and Cantor Fitzgerald lending near identical amounts?

S&P Global: seclending activity shows UST and Canada govies diverge

Eurex Repo: the expanding role of the buy-side in cleared repo

NY Fed modifies SOFR methodology for cleared DVP repo

EquiLend names Rich Grossi as new CEO

Japan’s FFG AM picks DTCC’s ITP Services for accelerated settlement

FINBOURNE: prioritize enforcing data standards for EU consolidated tapes

FSB analysis finds banks, insurers and RE investors most vulnerable to solvency/liquidity risk combo

ION connects to FMX for execution and post-trade clearing

Fidelity Prime and Stone Coast to bundle hedge fund services

J.P. Morgan launches private markets data services on Fusion

LSEG and D&B to launch private market data feed in 2025

Northern Trust taps Hamilton Lane for private market data analytics

SCMP: China liquidity facility conducts first ¥50bn operation

BoE proposes eliminating IM methods in SFT exposures for Basel 3.1

Inquirer: Philippine regulators push to expand repo to fund managers and trusts

Hazeltree expands zConnect to thousands of banks for hedge funds and PE firms

ISSA DLT survey finds 9% of digital liquidity in securities finance/collateral

BIS: scale of tokenization small but growing for repo and collateral

Sharegain and DriveWealth team up for agency lending in UK and EU

Fed blog: The Dueling Intraday Demands on Reserves