News and Notes

ICE reports $1.03 trillion notional in SOFR activity for January 2021

Korean lawmaker highlights foreign bank short selling fees

ESRB report warns on regulatory capital knock-on effects from COVID measures

Bloomberg: US Treasury cash moves could lead to lower interest rates

IHS Markit: an explanation of how short interest is calculated

UK Prudential Regulation Authority releases consultation paper on UK implementation of Basel standards

ECB staff: Money markets, central bank balance sheets, and regulation

FT: US banks push Fed for extension of Covid capital relief

Federal Reserve Board releases hypothetical scenarios for its 2021 bank stress tests

ISLA’s Dyson on GameStop as short squeeze, calls to educate participants as CMU expands

AFME publishes position paper on CSDR’s mandatory buy-in rules

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BIS working paper: Do macroprudential policies affect non-bank financial intermediation?

Eurex on how to accelerate cleared repo for the buy-side

DekaBank-led Digital Collateral Protocol completes first securities lending transactions on blockchain

ESMA organizes workshop on “CCP margins and procyclicality in times of crisis” for 17 February 2021

The Trade: BNP Paribas to roll out new prime division this year following Deutsche Bank integration

BNY Mellon and Google Cloud team up for predicting fails in Fed-eligible securities

Eurex sees January volumes down 32% in GC pooling at €62.7bn and 11% in repo market at €60.4bn yoy

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SEC Requests Comment on Potential Money Market Fund Reform Options Highlighted in President’s Working Group Report

Tradeweb’s repo ADV up 40.6% YoY at $328.4bn in January 2021

South Korea extends short selling ban until May 2, only large cap liquid stocks to resume

EACH publishes its response to European Commission CSDR Review Consultation

CME Group Completes Migration of BrokerTec Trading Platform to CME Globex

IHS Markit Enhances ETF Collateral Lists to Accelerate Counterparty Borrowing

Axoni raises $31 million from Deutsche Bank, Intel Capital, UBS and existing investors

Bank of England Securities Lending Committee notes sharp rise in corporate bonds as collateral, efforts on diversity and inclusion

OCC seclending CCP volume up 31% at $106.2bn in January 2021 yoy

Canada’s CDS and Euroclear aim to develop collateral management service for Canada

FT: Jim Chanos laments politicisation of ‘surreal’ GameStop saga

ECB working paper: LCR increases demand for central bank reserves

Reuters: China’s o/n repo highest since March 2015, busts PBOC corridor ceiling

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Fed to end regular one month term repo on Feb 9, 2021

BBVA completes first online seclending trade on EquiLend NGT

DTCC’s equity finance CCP to launch in Q3 2021, Broadridge announced as “approved SFT submitter”

Dimensional Fund Advisors: Securities Lending Fees as a Short-Term Driver of Stock Returns

CNBC: Nasdaq prez comments on social media monitoring as short seller-retail battle heats up

TraditionDATA, MTS and Trad-X announce Collaboration on Asset Swaps data

Basel Committee proposes amendments to rules on haircut floors for securities financing transactions

Reserve Bank of Australia: The Role of Collateral in Borrowing

ICE reports $1.3 trillion notional in SOFR activity in December 2020

ECB sets up climate change centre

Bloomberg’s Matt Levine on index funds, voting and securities lending

Citi Executes First Securities Lending Transaction in Romanian Securities

IHS Markit: why Brexit driving IRS trading to US SEFs

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South Street Securities launches equity finance business

Introducing ISLA’s Regulatory & Policy Maker Guide to Securities Lending in French