News and Notes

ESMA report finds European trading volumes at €27tn in equity markets and €101tn in bond markets in 2019

Judy Shelton nomination to Federal Reserve Board fails to proceed in US Senate

Two BofE speeches on leveraged investors and liquidity chains in market-based finance

UK makes its own go-live dates for Investment Firms Prudential Regime and Capital Requirements Regulation II

FSB releases Holistic Review of the March Market Turmoil

Siebert Financial expands securities finance business

FSB releases guidance on CCP financial resources for resolution and announces further work

ESMA: 2019 EU derivatives market shrank to EUR 681tn in outstanding total notional

Harvard professor: hedge funds not responsible for March 2020 US Treasury dislocation

Axios: Controversial Trump Fed board pick Judy Shelton gets closer to confirmation

ESMA identifies costs and performance and data quality as new Union Strategic Supervisory Priorities

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On ESG, Bank of England SecLending Committee says no changes but more dialog with clients

ICMA puts European repo market at €7.9bn in latest survey

ASIFMA publishes Asia repo market survey

ION approved to acquire Broadway Technology with conditions

FSB says no changes to this year’s G-SIB list

ESMA publishes report on post trade risk reduction services

Tradition facilitates first bilaterally-brokered CAD/USD swap trade using LCH SwapAgent

UK issues equivalence pathway for EU CCPs

ESMA lays out SFTR reporting expectations after Brexit

Goldman Sachs and AccessFintech Launch Derivatives Cash Payments Affirmation Service

HKU Webinar: Passive Ownership and the Securities Lending Market, November 11, 2020

BNP Paribas opens agency seclending desk in Hong Kong as part of APAC expansion

US House Republicans introduce legislation to block financial transaction taxes

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ESMA reports to EC on CSDR implementation

ICI: prime money market funds didn’t trigger March turmoil

ESMA publishes first Q&As on SFTR reporting

Tradeweb’s repo ADV spikes 78.4% to $328.5bn in October YoY

ISLA and Stech’s Global Principles for Sustainable Securities Lending part ways

ECB’s SESFOD reports credit T&Cs ease, secfinance and derivatives valuation disputes decrease in September

Eurex Repo launches Green Bond GC Basket

US Treasury will borrow $617 billion in Q4 2020, down $599 billion from earlier projections

OCC securities lending CCP volume up 4.2% in October 2020 year over year

The Asset: Citi China completes securities lending trades under new QFII regime

AllianzGI shutting down securities lending group

DataLend publishes The Purple Issue 8: COVID edition

Prime broker Linear integrates Sterling cloud platform for US asset classes

HSBC facilitates market-first securities lending transactions by an offshore investor in China

Australia central bank launches wholesale crypto project with industry partners

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FIA calls for improved CCP margin design and reduced procyclicality

Global Capital: debate on whether the ECB should remove repo-eligible securities on environmental grounds

US regulators propose regulation on the role of supervisory guidance

triReduce Completes First Benchmark Conversion with SONIA Risk Replacement Trades

Transcend raises $10mn Series A round from fintech VC Nyca and a global custodian bank

SEC gives brokers with Fully Paid Lending programs six months to ensure compliance

SEC enacts new rules for derivatives on registered funds including limits and VaR

Bloomberg: ECB T2S interruption reduced bank deposits by €416 Billion