News and Notes

Reuters: Japan’s Nomura plans to suspend part of cash-prime brokerage business

Tradeweb’s repo ADV up 53.6% YoY to $366.4bn in June 2021

BrokerTec reports EU repo average daily notional of €301.0B for Q2 2021

OCC seclending CCP loan value up 69.5% in June 2021 year over year

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Basel Committee finalizes technical amendments for SFT minimum haircut floors

DataLend: global securities lending up 17% to $4.5 billion yoy in H1 2021

IHS Markit enhances securities processing tech for cash penalty regime under CSDR

ISLA: Securities Lending MVP Merged into the CDM

FSB seeks feedback on its policy proposals to enhance money market fund resilience

Provable Markets Partners with DTCC on their Forthcoming SFT Clearing Service

European Commission agrees to review CSDR settlement discipline regime

FinOptSys raises $2.1M in oversubscribed seed round led by Appia Ventures

Sharegain launches latest borrowing platform

UK FPC and PRA propose extensions to the UK Leverage Ratio

South Korea’s Tru Technologies announces Series A investment of US$3.1M

Bank of England announces supervisory action over Euroclear UK and Ireland September 2020 operational settlement outage

CFTC Orders Three Credit Suisse Entities to Pay $1.5 Million for Swap Data Reporting Failure

Federal Reserve annual stress tests show strong balance sheets, banks to resume normal buybacks and dividends

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RepoClear expands its buy-side repo clearing model

Ivno and CloudMargin announce strategic partnership combining blockchain technology with collateral management

ETF Stream article looks at securities lending by European ESG ETFs

Goldman Sachs joins JPM’s repo blockchain platform

CFTC Staff Issues Advisory to Swap Dealers Regarding the Use of Internal Models in Calculating Minimum Capital Requirements

EquiLend’s NGT signs up six new counterparties, first Spanish FI

Coinbase hiring for a head of securities finance

Louisiana signs securities lending indemnification into law

AcadiaSoft rebrands as Acadia

ISDA: 2021 Suggested Operational Practices for the OTC Derivatives Collateral Process

ECB extends leverage ratio relief for banks until March 2022

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Fed sets IOER at 15 bps and Reverse Repo Facility at 5 bps

Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines with nine central banks through December 31, 2021

Risk: No clearing sweeteners for European SSAs, argue dealers

BlackRock’s Aladdin and Cassini partner for pre- and post-trade margin and collateral analytics

Broadridge Launches DLT Repo platform to Execute First Bilateral Repo Trades Using Smart Contracts

Barclays: Reddit traders have scared away many short sellers following massive squeezes in meme stocks

Bank of England blog: Where is IFRS 9 taking the cost of funding of banks?

Fed working paper: The Internal Capital Markets of Global Dealer Banks

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TreasurySpring raises $10mn led by MMC Ventures and Anthemis

State Street launches new division for digital finance

Eurex’s repo market flat at €80.8bn, GC pooling up slightly at €54.4 billion MoM in May

FICC files to expand Sponsored Repo service to GC

A reasonably good article from the FT on ETFs and securities lending

BPI: Take-up at the Federal Reserve’s ON RRP Facility: Much Larger and More Persistent than Planned, Getting Larger, and the Reasons Why

Bloomberg: Nomura Prime Brokerage Cuts to Spare Little in U.S., Europe

Broadridge on securities lending recalls and ESG

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