News and Notes

FSB work program for 2021 includes non-bank financial intermediation and CCP resilience

LCH SA RepoClear Expands Settlement Connections with Clearstream, Euroclear and Iberclear

CME Group Completes Migration of BrokerTec EU Government Bond and EU Repo Trading Platform to CME Globex

OpenDoor Securities ceases operations

JPM CFO Piepszak: SLR exemptions should be made permanent

A misguided opinion article from the FT on US Treasury and repo clearing

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Eurex Repo volumes up 10% in 2020

ICMA ERCC: The European repo market at 2020 year-end

World Federation of Exchange: Procyclicality of CCP Margin Models

South Korea’s Financial Services Commission to lift ban on short selling effective March 15

CME Group and IHS Markit to Form Leading Post-Trade Services Joint Venture for OTC Markets

IHS Markit acquires regulatory compliance technology provider Cappitech

Big brokers will connect to HQLA^X for collateral mobility after joining Deutsche Börse in €14.4mn fundraise

Global Capital: Short sellers: the new anti-heroes of ethical investment?

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IHS Markit adds corporate actions, execution, performance measurement and China data to SecFinance platform

Tradeweb’s repo ADV up 50.4% YoY at $304.5bn in December 2020

Deutsche Bank joins China QFII securities borrowing club

Bank Policy Institute: When the Fed Buys a Treasury Security, the Debt Does Not Go Away

OCC seclending CCP volume up 22.8% in December 2020 year over year

Standard Chartered China supports first stock borrowing deal by QFII

Hong Kong Monetary Authority concludes consultation on contractual stays on termination rights

Reuters: Britain backtracks over Brexit curbs on cross-border swaps trading

DataLend: $7.66 Billion in Revenue Generated in Lender-to-Broker Securities Lending Market in 2020

Fed Reverse Repo Facility shows $10 billion borrowing on December 31, 2020

Bank of England publishes Capital Requirements Directive V (CRD V): Final policy

HSBC facilitates market-first short selling transactions under the QFII/RQFII scheme in mainland China

Malaysian bourse ends short selling ban for New Year, with some caveats

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President’s Working Group on Financial Markets Releases Report on Money Market Funds

Fed dealer survey shows two-fifths expect increased demand for Treasury intermediation services

IOSCO asks about ETF disclosures in securities lending

FT: Global banks boost Singapore hiring to mitigate Hong Kong risk

ESMA releases SFTR guidelines

SEC creates new unit for securities-based swaps oversight

Bloomberg: Repo Is Ending a Very Eventful Year in an Unusually Subdued Way

Malaysia to lift suspension of short selling on Jan 1 2021

TriOptima Completes First Benchmark Conversion Risk Replacement Trades at Japan Securities Clearing Corporation

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ESMA renews decision to require short selling reporting on positions of 0.1% and above

PASLA and Asian Investor conduct survey of ESG at Asian beneficial owners

Fed extends international liquidity programs through September 2021

EquiLend releases NGT trade blotter and order book enhancements

FSB finds non-bank financial intermediaries now account for almost 50% of global financial assets

ECB asks banks to refrain from or limit dividends until Sept 2021

Federal Reserve joins the Network for Greening the Financial System

Research paper: Global Banks and Interest on Excess Reserves

Bloomberg: State Street exploring sale or merger options for SSGA

Eurex Repo Market up 88% while GC Pooling falls by 50% in November 2020