News and Notes

BNY Mellon adds FICC sponsored cleared repo to LiquidityDirect platform

ISLA publishes 2021 netting opinions for the GMSLA

State Street to Establish First ESG Securities Lending Commingled Cash Collateral Reinvestment Strategy

Pirum extends CollateralConnect to include all bilateral transactions

ECB’s SESFOD shows credit easing ex hedge funds in Dec-Feb 2021

Danish prosecutors charge six with cum-ex fraud

ESMA extends LEI requirement date under SFTR to 10 October 2022

BNY Mellon Triparty Now Accepts Chinese Bonds as Collateral

IHS Markit reports $2.6bn in securities finance revenues for Q1 2021, a 15% YoY increase

ICMA updates repo best practices to support post-trade efficiency

FSB publishes Global Securities Financing Data Collection and Aggregation: Frequently Asked Questions

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ISLA and ICMA ask BCBS for securities lending exemptions from minimum haircut floors

ESMA outlines liquidity concerns for AIFs as NAVs spike

Nikkei: Archegos woes prompts Japan watchdog to probe risky transactions

BrokerTec European repo volumes reach record highs

ISLA: FCA Extends Reporting of LEIs of non-EEA Third Country Issuers Under UK SFTR

Tradeweb’s repo ADV up 42.3% YoY to $334.5 bn in March 2021

Credit Suisse says CHF 4.4 billion loss from Archegos, suspends stock buyback, senior execs depart

OCC seclending CCP volume up 75.4% at $119.1bn in March

OFR: Hedge Funds and the Treasury Cash-Futures Disconnect

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FSB gives mixed review of TBTF bank reforms, scrutinizes funding cost advantages

DataLend: $2.07 billion in securities lending revenue in Q1 2021

Risk: Esma dithers over mandatory LEIs for repo collateral

Global PSSL publishes Minimum Voluntary ESG Standard for short sellers

Women in Securities Finance launches website

The Trade: PBs on the risk of cheap leverage for hedge fund clients

Guardian: Multi-billion Archegos losses will prompt banks to check hedge fund exposures

HSBC estimates USD130bn in new Chinese bond inflows from inclusion in FTSE World Government Bond Index

FT: SEC urged to scrutinise securities lending after GameStop frenzy

US regulators seek wide range of views on financial institutions’ use of artificial intelligence

ISLA publishes final guidelines for SFTR reporting under Articles 4 and 12

Eurex to launch further Total Return Futures on STOXX indices

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Fed survey finds easier financing terms for RMBS, CMBS and ABS

Tadawul & Edaa Publish Amendments to the Short Selling & Securities Borrowing and Lending Regulations

ISDA: Use of RMB-denominated Chinese Government Bonds as Margin for Derivatives Transactions

Deutsche Börse: DLT-based securities settlement in central bank money successfully tested

Citi and Sharegain partner on securities lending for wealth management clients

ICMA 40th European repo market survey finds support for voice brokerage and recovery of core Eurozone collateral

Fed: Temporary supplementary leverage ratio changes to expire as scheduled

Democratic Senators again propose a US 0.1% Financial Transactions Tax

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ISLA unveils action items to position securities lending on ESG

ECB to publish compounded €STR average rates on 15 April 2021

Fed increases RRP limits from $30 billion to $80 billion to ensure supply at near 0 rates

HSBC completes first seclending transaction in Saudi Arabia

ISLA publishes white paper on digitisation in securities lending

ESMA relaxes short selling reporting from 0.1% to 0.2% of shares traded, returning to pre-COVID level