Spain extends short selling ban to Oct 31, 2012
The Comisión Nacional del Mercado de Valores (CNMV) has evaluated the individual and overall impact on the market of the measures restricting net short positions in Spanish shares adopted in…
Read More Morgan Stanley changes VaR model, to its benefit
From the New York Times Dealbook: Morgan Stanley reported upbeat third-quarter earnings on Thursday. But its numbers provide a lesson in why it’s sometimes necessary to journey down rabbit holes…
Read More Hong Kong Monetary Authority and Clearstream to launch cross-border collateral management cooperation
The Hong Kong Monetary Authority (HKMA) and Clearstream jointly announced today (October 17) their cooperation in providing cross-border collateral management and liquidity services in Hong Kong. The HKMA and Clearstream…
Read More Chartis Names SunGard a Category Leader in Enterprise Collateral Management
October 11, 2012 – New York, NY – Chartis Research has positioned SunGard Financial Systems as a category leader in its RiskTech Quadrant for enterprise collateral management solutions. SunGard is…
Read More LCH.Clearnet Launches Global Consultancy Certification Program for OTC Clearing
Pioneering initiative supports derivatives market as it readies for mandatory clearing NEW YORK, October 10, 2012 – LCH.Clearnet Limited’s interest rate swap (IRS) clearing service, SwapClear, today launched the industry’s…
Read More Clearstream seclending drops 16% year over year, but is 1% up year to date
8 October 2012 In September 2012, the value of assets under custody held on behalf of customers registered an increase of 3 percent to EUR 11.2 trillion (compared to EUR…
Read More Markit Integrates Dividend Content into Securities Finance Services
10 October 2012 Markit Integrates Dividend Content into Securities Finance Services London and New York, NY – Markit, a leading, global financial information services company, today announced that its dividend…
Read More SunGard/PRMIA Survey Finds a Quarter of Firms Exiting Businesses Due to Capital Requirements
October 9, 2012 – London, UK – Financial institutions around the world are feeling the impact of increased capital requirements on certain business lines, with 25 percent exiting these businesses,…
Read More BIS publishes progress report on Basel III implementation
October 2012 This updated Progress report on Basel III implementation provides a high-level view of Basel Committee members’ progress in adopting Basel II, Basel 2.5 and Basel III, as of…
Read More SunGard Launches Loanet Automated Rebate Collection Service to Help Streamline Securities Finance Operations
October 8, 2012 – New York, NY – SunGard has expanded its Loanet suite of securities finance solutions with the launch of Loanet Automated Rebate Collection to help securities finance,…
Read More Sovereigns posting collateral on the table at IMF/World Bank meeting
Reported by International Financing Review: SSAs edge closer to posting swaps collateral As the world’s largest public issuers gather behind closed doors at the IMF/World Bank Annual Meeting this week,…
Read More Greece Backs Financial-Transactions Tax
Reported by Dow Jones: LUXEMBOURG–Greece on Monday became the seventh European Union country to formally back the imposition of a tax on financial transactions, two EU spokespeople told Dow Jones…
Read More OneChicago Volume Surges – Surpasses Total 2011 Volume within First Three Quarters
October 1 2012 -Volume in third quarter 2012 up a strong 105% percent as compared to the same period in 2011 -Block volume in the first nine months of 2012…
Read More RVS hires Milne to spearhead European expansion; Libor in crosshairs
From Finextra: The London Stock Exchange’s former head of post-trade services Kevin Milne has been appointed CEO of Singapore’s Rates Validation Services, a benchmarking firm which is looking to set…
Read More HazelTree To Partner with PortfolioScience
NEW YORK, NY– (Marketwire – October 2, 2012) – HazelTree, a leading provider of Treasury, Portfolio and Compliance services for alternative investment managers, and Portfolio Science, a provider of turn-key…
Read More SIX Securities Services doubles international Repo currency offering
October 1 2012 SIX Securities Services, Switzerland’s post-trade services provider, announced that starting today it will offer international Repo services for an additional 5 currencies, bringing the total offering to…
Read More David Rule on the FSB's Shadow Banking plans for seclending and repo
Global Investor Magazine reports: Global regulators are not in a hurry to implement new measures for the shadow banking industry, according to David Rule, chair of the securities lending and…
Read More OCC securities lending activity up 25% over last year
OCC’s securities lending CCP activities saw a 25 percent increase in new loans over September 2011 with 72,724 transactions last month. Year-to-date stock loan activity is up 26 percent from…
Read More Global Investor/ISF releases equity lending IT survey results
27 September 2012 The biggest change to the equity lending survey this year was a hugely expanded technology section Read more: EquiLend Pirum 4sight SunGard For the first time, borrowers…
Read More Cowen Group, Inc. Agrees to Acquire KDC Securities
NEW YORK–(BUSINESS WIRE)–Sep. 28, 2012– Cowen Group, Inc. (“Cowen” or the “Company”) (NASDAQ: COWN) today announced its entry into a definitive agreement to acquire KDC Securities (“KDC”), a securities lending…
Read More UK publishes Wheatley Report on LIBOR
28 September 2012 Press notice by the Wheatley Review Today the Wheatley Review of LIBOR published its final report. Recent revelations have demonstrated that the current system of LIBOR is…
Read More ESMA defines standards for derivatives and CCPs
27/09/2012 The European Securities and Markets Authority (ESMA) has today published its technical standards on the Regulation on OTC derivatives, central counterparties and trade repositories (EMIR), which set out the…
Read More ESMA publishes the responses to the Consultation on the treatment of repurchase and reverse repurchase agreements
26/09/2012 To view the responses, please click here.
Read More Eurex Clearing posts IMN CCP slides online
The slides are available at http://www.eurexclearing.com/blob/clearing-en/51430-251860/251468/5/data/ec_ccp_services_seclend_imn_sep_2012.pdf.
Read More IMF says Basel III will make big banks even more "too important to fail"
From the IMF’s October 2012 Global Financial Stability Report: The Reform Agenda: An Interim Report on Progress Toward a Safer Financial System A host of regulatory reforms are under way…
Read More David Martocci replaces Tim Douglas as head of Citi Agency Securities Lending
Reported by Securities Lending Times: David Martocci has replaced Tim Douglas and will head up securities finance at Citi. Martocci will be reporting to Neeraj Sahai, global head of securities…
Read More Banco Penta Selects Calypso Technology for Front-to-Back Office Processing of Currency and Interest Rate Derivatives
Chilean Bank chooses Calypso’s platform to support the growth of their business New license agreement reinforces Calypso Technology’s strong position in the Latin American market San Francisco, September 25, 2012…
Read More BBA would accept loss of LIBOR oversight
BBA statement on Wheatley Review of LIBOR 25 Sep 2012 The BBA said today: “The BBA seeks to work with the Wheatley review team as they complete their consultation on…
Read More Markit Data Explorers says ratio of available securities vs. securities on loan at highest point ever
Reported by Financial News September 20, 2012 The ratio of securities available to lend versus those actually out on loan has reached an all-time high of nearly nine times, suggesting…
Read More CFTC Approves DTCC’S Swap Data Repository
New York, September 20, 2012– The Depository Trust & Clearing Corporation (DTCC) announced today that the Commodity Futures Trading Commission (CFTC) has provisionally approved an application by DTCC Data Repository…
Read More ESMA consults on market maker and primary dealer exemption for short selling
17/09/2012 The European Securities and Markets Authority (ESMA) has published a Consultation Paper on Exemption for market making activities and primary market operations under the Short Selling Regulation, which contains…
Read More Monte Titoli Launches X-COM, New Service for Tri-Party Collateral Management
London Stock Exchange Group today announces that Monte Titoli has launched ‘X-COM’, its tri-party collateral management service*. The new service will allow banks’ treasury departments and operations departments to manage…
Read More Citi offers collateral reconciliation over Swift
Citi has enhanced OpenCollateralSM, its industry-leading collateral management solution, to provide asset managers with automated collateral position reconciliation via SWIFT. This new capability streamlines collateral management by creating standardization across…
Read More IOSCO Creates Board Level Task Force on Financial Market Benchmarks
In light of the significant issues raised by investigations into attempted manipulation of benchmarks and related enforcement actions, in particular the recent incidents involving LIBOR, EURIBOR and TIBOR, the International…
Read More Pirum delivers real-time Tri-Party Required Value (RQV) automation with J.P. Morgan
Pirum is pleased to announce the production deployment of the final component of its new Tri-Party Required Value (RQV) processing service, in partnership with J.P. Morgan. Customers are now using…
Read More ESRB Aims for EU Shadow Banking Proposals in Early 2013
From Bloomberg News: The European Systemic Risk Board, a group of central bankers and other regulators charged with monitoring market threats, aims to recommend shadow banking oversight changes in early…
Read More HazelTree Appoints Tyler Gowen as Managing Director
NEW YORK, NY–(Marketwire – Sep 12, 2012) – HazelTree, a leading provider of Treasury, Portfolio and Risk Management services for alternative investment managers, has announced the appointment of Tyler Gowen…
Read More Hedge Fund Assets Available For Prime Custody Jump 40% In Two Years, Says BNY Mellon
Half of all hedge funds with $1 billion or more now have prime custody agreements in place NEW YORK, Sept. 12, 2012 /PRNewswire/ – BNY Mellon, the global leader in…
Read More Advent's Syncova Launches Collateral Management Toolkit to Help Buy-Side and Sell-Side Address CCP Requirements
Integrated Solution Automates Management of CCP, Bilateral and Prime Broker Margin Requirements for Buy- and Sell-Side Firms Continue reading
Read More Rule Financial: revenues up 15% year on year
IT consultancy boosts revenues by 15%, with growth in the UK, US and Canadian investment banking markets, as well as in nearshore development centres in Poland and Spain. Continue reading
Read More Lombard Risk: Webinar on transparency Sept 12
Agenda – Regulatory compliance seminar: Why transparency matters This webinar will focus on how a comprehensive regulatory platform will provide firms and their regulators with the insight into both business…
Read More OCC: Seclending volumes up 50% over August 2011
OCC Announces Cleared Contract Volume Declined from Record Total in August while Securities Lending Activity Rose Significantly Continue reading
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