News and Notes

ECB’s stability review shows funds still highly exposed to liquidity risk

Risk: EU’s Basel III delay invites all to play for time

APAC seclending markets guide for 2021 published by EquiLend, PASLA and RMA

NY Fed’s TMPG releases updates from treasury data and clearing WGs

Standard Chartered executes $250mn ESG-linked repo with Saudi bank

ISDA: Demystifying Collateral Optimization: A Collection of Essays Focused on Collateral Optimization in the OTC Derivatives Market

IHS Markit: UMR Phase 6: How to Put a Good Initial Margin Threshold Monitoring Solution in Place

BNY Mellon Introduces ESG Data Analytics in Collateral Management

UK FCA fines Sunrise Brokers LLP £642,400 for cum-ex trading violations

Eurex Repo sees jump in GC Pooling and Special business in October on year-end collateral concerns

Basel Committee finalises revisions to market risk disclosure requirements and voluntary disclosure of sovereign exposures

ISLA, BMO join open source fintech foundation FINOS

EU Commissioner McGuinness announces proposed way forward for central clearing

CFTC approves LCH for portfolio margining of swaps and security-based swaps in a cleared swaps customer account

ISLA Publishes Master Confirmation Annex

Fed blog: How Does Market Power Affect Fire-Sale Externalities?

Basel Committee reviewing G-SIB methodology, crypto asset regs and climate risk

ION: Improving Repo Market Operations and Driving Profitability Through Standardisation

Reuters: Scope for U.S. ‘taper tantrum’ sequel reignites capital debate

Bloomberg: Reddit’s Latest Money-Making Obsession Is an Obscure Fed Facility

CME: Why Wall Street Should Watch Special U.S. Repo Market

Fed paper: The Dynamics of the U.S. Overnight Triparty Repo Market

EquiLend’s NGT adds GC validation functionality and benchmarks

UN launches Liquidity and Sustainability Facility for African repo

Consultation Paper: The Bank of England’s approach to tiering incoming central counterparties under EMIR Article 25

Quarles resigns from Federal Reserve effective end of December

Eurex repo volume at €131.1bn, up 57% yoy in October

Global Alliance of Securities Lending Associations (GASLA) Announce Group Mission Statement & Publish Best Practice Voting Guide

Credit Suisse to exit most prime brokerage

Tradeweb’s repo ADV up 1.9% YoY to $328.5bn in October 2021

Provable Markets receives FINRA approval for securities lending ATS

DTCC adds CSDR service and CTM data link to Exception Manager

Raft of climate finance investment and standards announced at COP26

Reuters: Rising Treasury market illiquidity could pose financial market risk – BofA

FT: UK pushes back deadline for Basel III update

OCC seclending CCP loan value up 74.5% at $130.9bn in October YoY

BrokerTec US repo ADNV up 43% to $274bn in October yoy

DataLend: October 2021 securities lending revenue up 34% YoY to $821mn

FSB updates the G20 on its work to enhance resilience in non-bank financial intermediation

EquiLend launches new global securities finance data set

Deutsche Börse launches CSDR reference data set

Irish Revenue releases Tax Treatment of Stock Lending and Sale and Repurchase (Repo) Transactions

SEC fines Fixed Income Clearing Corp $8 million for inadequate risk management from 2015-2018

FT: Bank of Canada jolts investors by signalling earlier move on interest rates

European Commission releases Basel III package for go-live in 2025

ISLA Publishes French Version of ‘Framing securities lending for the sustainability era’

IOSCO calls for comments on margining practices during the March 2020 market turmoil

GLMX Expands into Canada with Recent Ontario Securities Commission Approval

Pirum launches MiFID II collateral reporting requirements support

Transcend Reduces Margin Requirements with Connectivity and Optimization to OCC