News and Notes

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

Reuters: German finance agency ups repo market activity to ease collateral scarcity

Sustainable Trading launches non-profit membership network to drive ESG change across financial markets

BCBS data show stable capital ratios and improved liquidity ratios for banks in H1 2021

ECB’s SESFOD survey shows continued easing of financing conditions for SFTs

Man Group in FT: Short-selling does not count as a carbon offset

Paper: Securities Lending Haircuts and Indemnification Pricing

HapaKenya: Kenya’s Central Depository and Settlement Corporation goes live with securities lending program

DTCC launches Treasury Kinetics service for bilateral US Treasury repo data

HSBC launches first green repo product with Qatar bank

BrokerTec Relative Value Curve Spread Trading Sets Single-Day and Weekly ADV Record

Sharegain raises $64mn led by WestCap, joined by Citi and Optiver

Pirum CollateralConnect extends integration with JPM triparty collateral management platform

Eurex Repo reports sustained, elevated repo market volumes in January

US SEC proposes to speed up ownership reporting and include cash-settled derivatives

EquiLend Launches Bespoke ESG Data Analysis and Validation Service

ECB ending capital and liquidity relief, set to marginally raise bank capital requirements in 2022

US SEC issues formal proposal to move to T+1 settlement

Bank of England’s Jon Cunliffe on the Dash for Cash and preparing for margin liquidity in stressed conditions

Pirum integrates BNY Mellon US Triparty Collateral Schedules into CollateralConnect

Euroclear to Support New Penalty Appeals Process Using Taskize for CSDR Settlement Discipline Regime

Transcend Launches Industry’s First Solution to Holistically Integrate ESG into the Collateral Management Ecosystem

The Street: Investors Flood into Ultra-Short-Term Bond ETFs

Eurex repo volumes spike 62% yoy to €200.6bn in January

EACH responds to CPMI/IOSCO paper on client clearing and portability

SIFMA releases US Repo Market chart book

ISDA launches US Treasury securities and repo clearing survey

Bloomberg: Vast DOJ Probe Looks at Almost 30 Short-Selling Firms and Allies

BoE Securities Lending Committee minutes November 2021

Boston Fed and MIT research CBDC models in Project Hamilton

Tradeweb’s repo ADV up 5.5% yoy to $346.5bn in January

Pirum launches its new RepoConnect product

OCC stock loan transaction volume up 57.6% year-over-year for January 2022

DataLend: seclending revenue down 12% yoy to $703mn in January

BrokerTec US Repo ADNV up 29% to $269bn in January yoy

IHS Markit officially launches CRITR and CRITS benchmarks for credit sensitive US rates

Canada’s OSFI completes Basel III reforms, releases final capital and liquidity rules

ESMA says that clearing obligations should apply to pension scheme arrangements

BIS working paper: Money markets, collateral and monetary policy

ISLA Publishes CSDR Penalties Best Practice Guidelines

ICMA ERCC: Optimising settlement efficiency

Bloomberg: Citi analysts says basis trade to make a comeback

Paper: Does Mandatory Short Selling Disclosure Lead to Investor Herding Behavior?

Business Daily: Kenya inches closer to securities lending platform after successful testing

Pirum upgrades Claims Manager to support CSDR claims

Reuters: Foreign banks face bigger capital bill under draft EU plan

ESMA amends SFTR Q&A on settlement fail reporting