News and Notes

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

CBA and Northern Trust complete A$50mn green repo

ESMA publishes standardized rules for Trade Repository reporting of SFTs

Eurex repo up 17% to €128.4bn in November yoy

ASIFMA and ICMA Asian repo survey finds Japanese business outstanding at US$202.9 bn, non-Japan Asia outstanding at US$260.1 bn

VERMEG launches software solution to connect European banks into new Eurosystem Collateral Management System (ECMS)

Federal Reserve reminds banks on requirements for risk supervision of investment funds

Bloomberg: Day Traders Cheer U.S. Short-Seller Probe

UK regulators to require banks to conduct systematic review of global equity finance businesses

Pirum Systems secures new investor Hg to accelerate its global growth strategy

RepoClear SA clears first euro sponsored repo trade with PGGM via Tradeweb

Bloomberg: JPMorgan Offers Hedge Funds a Way to Dodge Meme Stock Shocks

Acadia and Capitolis launch SA-CCR optimization service

Cassini Systems Secures $20.5 Million Growth Round Led by Ten Coves Capital

ESMA publishes Guidelines on Settlement Fails Reporting under Article 7 of CSDR – Final Report

Bloomberg Launches CSDR Penalty, Eligibility and Workflow Tools to Facilitate Clients’ CSDR Compliance

US Treasury Market Practices Group makes strong warning against US debt default

Tradeweb’s repo ADV up 11.1% YoY to $367bn in November 2021

FIS launches global inventory and optimization platform

EACH research paper shows varied level of access to Central Banks’ facilities by European CCPs

Reuters: China promotes short-selling by letting insurers lend securities

SIFMA, ICI and DTCC target H1 2024 for T+1 settlement shift

OCC seclending CCP loan value up 59.9% at $138.3bn in November yoy

BrokerTec US repo up 24% to $258bn and European gains 12% to $342bn in November yoy

ISLA & PASLA Announce Strategic Legal Services Alliance

DataLend: $787 million in Securities Lending Revenue in November 2021

ESRB publishes frameworks for comparing systemic risks with policy measures

ESMA to start publishing CSDR bond data for cash penalty calculations

ICMA 41st European repo market survey shows outstandings of EUR 8,726 billion at half year

Finance Magnates: Barclays Expands Prime Brokerage Unit amid Archegos Collapse

IOSCO and CPMI publish discussion paper on client clearing, access and portability

Markets Insider: Short selling is becoming less common – but the investors involved are making a fortune, new data shows

Bobsguide: JPMorgan, BNP step up calls to re-open Basel III framework

European Commission postpones SFDR Level 2 Measures until 1 January 2023

IMF: How Does the Repo Market Behave Under Stress? Evidence From the COVID-19 Crisis

Reuters: ECB faces pressure to unlock bonds and avert market squeeze

FCA and BoE consult on UK EMIR reporting requirements

ESMA reports improved liquidity in Q3 but overall risks remain high

European Commission publishes measures in relation to CMU

EU Commissioner Mairead McGuinness says CSDR buy-in rules delayed

ESMA Securities and Markets Stakeholder Group offers advice on short selling

Pirum Systems and Comyno announce go-live with DekaBank on their integrated post trade service for securities finance

BNY Mellon Publishes Custody Documents for Negotiation on ISDA Create

Reuters: Dollar demand rises via FX swaps as year-end rush eyed

FSB publishes 2021 G-SIB list

State Street and Cassini partner on collateral analytics and optimization

US SEC issues major new proposal on securities lending transparency