News and Notes

SEC Proposes Amendments to Enhance Private Fund Reporting on Form PF

SEC Proposes Amendments to Include Significant Treasury Markets Platforms Within Regulation ATS

Paper: Special Repo Rates and the Cross-Section of Bond Prices: The Role of the Special Collateral Risk Premium

Highlights from the minutes of the ESMA euro risk-free rates WG Meeting 3 December 2021

ESMA publishes statement on how to report short positions between 28 Jan and 31 Jan 2022

SEC approves hard to borrow risk setting at CBOE exchanges

Fed releases US CBDC discussion paper

Fed survey: half of eligible banks have joined or plan to join the Standing Repo Facility

LCH achieves record clearing volumes in 2021, RepoClear hits €195 trillion of nominal

ICMA: The European repo market at 2021 year-end

IHS Markit: secfinance revenues at $870mn, down 4% yoy in December 2021

FCA signals flexibility on short selling indicator reporting

BIS, SNB and SIX test wholesale CBDC settlement integration with five banks

The Fed’s latest tool: a standing repo facility

Pirum’s ESG program leads to “Carbon Neutral Plus” designation

Reuters: Fed to review Supplementary Leverage Ratio following bank complaints

Eurex repo ADV up 26.4% in December yoy

Paper: Liquidity, Liquidity Everywhere, Not a Drop to Use – Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity

Paper: Mandatory Central Clearing for U.S. Treasuries and U.S. Treasury Repos

ICMA on European repo at the end of 2021

FCA publishes feedback statement on accessing and using wholesale data

Fed blog: How the Fed’s Overnight Reverse Repo Facility Works

TP ICAP and Goldman Sachs trade first crypto asset equity instruments

ISLA Publishes Adopted PASLA Annexes to the GMSLA

VERMEG’s COLLINE Collateral Suite Adds New Margin Analytics Capabilities from Cassini Systems

Hedgeweek: “A healthy evolution”: How market ‘stress tests’ are reshaping the hedge fund-prime broker dynamic

BNP Paribas and Deutsche Bank complete the transfer of Global Prime Finance & Electronic Equities to BNP Paribas

ICMA responds to EBA on the calculation of the LCR and triparty repo

Tradeweb’s repo ADV up 3.1% to $314bn in December 2021

Bob Push joins Finadium – Industry expert and former Treasury Services exec takes on role as Senior Consultant

BrokerTec US repo ADNV up 31% to $257bn in December yoy

OCC seclending CCP hits record ADV at $147.7bn in December 2021

DataLend: Securities Lending Markets Up 21% in 2021, Generating $9.28 Billion in Revenue

IOSCO reports on hedge fund, closed-ended and open-ended fund market statistics

Bank of Japan: A Network Analysis of the JGB Repo Market

Industry associations welcome ESMA’s decision to delay CSDR mandatory buy-in rules

Fed Dec 2021 SCOOS survey finds 3/5th of dealers are sponsors on FICC

Malaysia to life short selling ban effective Jan 1 2022

Fed staff report: Repo over the Financial Crisis

ESRB says European banks not necessarily able to use capital buffers when needed

Fed adds Citi, Goldman Sachs and Mizuho to Standing Repo Facility counterparty list

ESMA tells NCAs not to prioritize enforcement of CSDR buy-in rules

ESMA releases new Q&A on SFTR data reporting

BoE working paper: The repo market under Basel III

Capital Monitor: New ESG standards on securities lending welcomed after falling-out

Barclays, CE Innovation Capital and Societe Generale join the second close of Series B funding in Wematch with an additional $8.5M

US SEC proposes tighter liquidity rules for prime money market funds

US SEC proposes reporting of equity Total Return Swaps over $300 million or 5% of outstanding

ISDA Publishes Whitepaper on Developing Safe, Robust and Efficient Derivatives Markets in China

BoE’s stress test results show major UK banks resilient