News and Notes

IOSCO: Implementation monitoring of the PFMI: Level 3 assessment of financial market infrastructures’ business continuity planning

Basel Committee consults on an amendment to the process for reviewing the G-SIB methodology

TriOptima Compresses SGD 1.7 Trillion Notional at LCH In H1 2021

SFTR Inspires Firms to Consolidate Processes for Regulatory Reporting Regimes: IHS Markit and Pirum Survey

Euroclear’s Collateral Highway mobilised a record EUR 1.7 trillion in H1 2021

Santander to Acquire Amherst Pierpont, a Leading U.S. Fixed-Income Broker Dealer

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LCH: RepoClear saw €113 trillion in nominal in H1 2021

Risk: Isda’s ‘master’ master agreement courts controversy

Paper: Hedge Fund Treasury Trading and Funding Fragility: Evidence from the COVID-19 Crisis

Fed blog: Intraday Timing of General Collateral Repo Markets

Eurex expands client scope of buy-side access to cleared repo business

Lexology: China Futures Law: netting, collateral and prudential requirements for banks

SESFOD March-May: collateral financing conditions ease significantly while funding demand weakens

Reuters: JPMorgan creates new data business in its securities services division

ESMA launches public consultations on CCP recovery regime

Paper: Federal Reserve’s balance-sheet normalization from 2017-2019 increased repo rate distortions

Sri Lanka’s Colombo Stock Exchange introduces repo trading

ESMA fines DTCC Data Repository €408,000 for EMIR data breaches

Paper: Synthetic leverage and fund risk-taking in German equity funds

UK Prudential Regulatory Authority publishes near-final implementation of Basel standards

Bloomberg: Philippine Bourse CEO Hopeful Short Selling Will Start This Year

Tradeweb Announces First Fully Electronic SOFR Swap Spread Trade

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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