News and Notes

Tru Technologies using IHS Markit data to automate Korean seclending

ECB delays launch of Eurosystem Collateral Management System (ECMS) to November 2023

BrokerTec Announces Launch of Dealer-to-Client Execution Platform for U.S. Repo Markets

ECB working paper: Money markets, central bank balance sheet and regulation

ISDA Launches IBOR Fallbacks Supplement and Protocol and animated video

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Korean regulator’s task force puts short selling in cross hairs

Finastra and CloudMargin partner for Collateral Management as a Service

CME reports record SOFR derivatives trading spurred by OTC discounting switch

Canada’s central bank sets up CORRA advisory group

Rockall announces self-service SBL cloud platform

ISDA Launches New Legal Papers on Smart Contracts and DLT

US regulators issue final rule on NSFR effective July 1, 2021

Fed blog: How Has Post-Crisis Banking Regulation Affected Hedge Funds and Prime Brokers?

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Fed’s Quarles highlights non-bank financial institutions, Fed intervention as focus areas

ICE reports 60% of three month SOFR futures trading YTD

UK PRA publishes statement on bank Internal Market Models and treatment of excess collateral

BIS/FSI: Stress-testing banks during the Covid-19 pandemic

ECB working paper finds direct relationship between ECB refinancing operations rate and bank default risk

Bank of England asks banks for information on operations and negative interest rates

BIS publishes key requirements for central bank digital currencies but offers no recommendations on launch

ISDA to launch IBOR fallback documentation on October 23, 2020

MTS going to Euronext as part of Borsa Italiana Group acquisition

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RMA: ESG-seclending coexistence inevitable, faces challenges

Metal Bulletin: Shanghai’s billion-dollar metal hoard under spotlight as banks depart from repo deals

ICMA’s Q4 report spotlights COVID, post-Brexit, sustainable finance

RMA publishes “Your First Run-In with Negative Interest Rates?”

ISDA and Digital Asset launch CDM clearing pilot using DAML

ECB stats show increase in capital and liquidity ratios, NPL ratio at record low in Q2

Bank of England paper offers support for Basel III Leverage Ratio

Canadian regulators call for whistleblowers on suspected abusive short selling

Tradeweb’s repo ADV up 19.8% YoY to $255.8bn in September

ISDA Publishes Proposal for Greater Collaboration Between Derivatives and SFT Markets

OCC seclending CCP volume down 3.6% in Sept 2020 year over year

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DataLend: lender-to-broker seclending down 17% to $1.77bn in Q3 yoy

Fed prohibits large bank share repurchases and caps dividends for Q4 2020, ensuring ample balance sheets for year end

Morgan Stanley fined $5mn for RegSHO violations in prime brokerage swaps business

ECB publishes statement of compliance of €STR with IOSCO Principles

DTCC aims 98%+ dematerialization goal for US physical securities in 3-4 years

RMA: Overstock’s digital stock dividend and what it means for seclending

GLMX teams up with Orchestrade for real-time risk management tech in repo

SEC proposes to apply Reg ATS to electronic fixed income markets including repo

ECB changing acceptable collateral framework

BBC/Telegraph: Bank of England’s Silvana Tenreyro supports negative interest rates

Fed’s Quarles: NSFR still on, final rule should be next

ESMA proposes information sharing to prevent Cum/Ex, Cum/Cum and withholding tax schemes

PASLA in Nikkei Asian Review: Asia must rethink bans on short-selling