News and Notes

OCC seclending volumes down 9.7% in July 2020 year over year

OCC submits updated plan to regulators for skin-in-the-game

Fed blog recaps March Fed repo operations and results

ISLA: TRs accepting 95% of SFTR transactions, data volumes to peak in 2-3 months

European Association of CCP Clearing Houses (EACH) pushes back on clearing member compensation guidance

Bank of England publishes CRD V proposal

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UK FCA warns firms on inappropriate use of title transfer collateral arrangements

Fed extends liquidity swap lines with nine central banks to March 31, 2021

GLMX and Adroit partner on repo workflows

ISDA and Clarus FT Launch Risk-free Rate Adoption Indicator

ESMA proposing to delay CSDR to Feb 2022

Tel Aviv bourse to go live with seclending blockchain in November

ISLA and ISDA Agree to Closer Collaboration on Digital Initiatives

Regulatory study finds wider bid-ask spreads as a result of Spanish short selling ban

FT interview with Kynikos’s Jim Chanos: “We are in the global age of fraud”

US Regulators Adopt Final Rule on the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act

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Four pensions lead creation of Global Peer Financing Association (GPFA)

Cassini Systems and IHS Markit Partner to Provide Automated Margin Estimates within thinkFolio

AIMA argues benefits of short selling for ESG

CFTC Approves Final Swap Dealer Capital Rule at July 22 Open Meeting

Euroclear: CSDR Settlement Discipline Regime – Delayed entry into force expected

ICMA: Almost 1.5 million trades reported under SFTR in week one

Equilend and RMA publish guide to secfinance in Latin America

DTCC: more firms automating margin calls as MTU community grows

Hazeltree partners J.P. Morgan Asset Management on cash and liquidity management

Bank of Canada announces new securities repo operations

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BIS: Global banks’ dollar funding needs and central bank swap lines

Office of Financial Research: Basis Trades and Treasury Market Illiquidity

ISDA: CCP Initial Margin up 51.9% for Q1 2020

FT: Wirecard made this short seller right but not rich

Notes on the BIS’s CVA risk framework July 2020 for securities finance

SIX launches fully delegated SFTR reporting for Swiss Repo Market

ESMA’s CCP stress tests confirm system resilience, warn on concentration risk

ASIFMA publishes industry guide for IBOR transition in Asia

ESMA reports successful first day for SFTR

Research paper: China central bank collateral policy reduced spreads in acceptable bonds by 42-62 bps

Research paper: German mutual funds benefit from information in securities lending market

ICMA: SFTR is live!

FT: Lansdowne closes flagship equity long/short fund

Bank of England: Dollar shortages and central bank swap lines

FSB and Basel Committee set out supervisory recommendations for benchmark transition

ISLA writes ESMA and NCAs with technical concerns on SFTR Phase 1 data submission

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ESMA issues statement of coordination on external support of money market funds

ESMA consults on guidelines on calculation of positions under SFTR

European Investment Bank joins LCH SA as first supranational clearing member

Risk: Mind the tax when hedging TRS