News and Notes

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

Reuters: China issues first repo-based variable bond

Transcend publishes two case studies on global broker-dealer collateral validation and optimization

LCH paper on UMR, repo and collateral

Eurex’s Equity Total Return Futures see uptake with Goldman Sachs and BNP Paribas

Reuters: booming EU debt issuance may mean return of primary dealers

ESMA to recognise Euroclear UK & Ireland Limited (EUI) after Brexit transition period

J.P. Morgan Executes Intraday Repo Transaction Using Blockchain

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Clearstream Banking Luxembourg joins LCH Ltd to access repo clearing

SEC publishes expanded analysis of hedge funds from forms PF and ADV

UK PRA allows banks to resume dividends with some limits

“Green” repo: it’s happening, buy-side’s a driver, but it’s mostly a collateral and data play for now

South Korea announces major crackdown on illegal short selling, including jail

Connexxion Markets launches cloud-based securities finance liquidity solution

MarketAxess launches centralized fixed income market with US Treasury liquidity

European Commission issues consultation on CSDR

Bloomberg: Traders Quit Banks to Earn $4.8 Million Hedge Fund Salaries in Brazil

Canadian securities regulators seek comment on activist short selling

AFX starts executing AMERIBOR interest rate swaps

FSOC report targets non-bank financial institutions in US repo

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US Senate approves Christopher Waller to the Federal Reserve Board

Brookings: ex-OFR Director on a US strategy for financial data analytics

Business Korea: Korea Securities Finance Corp aims to increase individual stock lending limits

Tradeweb’s repo ADV spikes 68.5% to $330.4bn in November YoY

BoE supervision of financial market infrastructures – annual report 2020

FT: Credit Suisse’s Zoltan Pozsar on the Swiss National Bank’s role in global bank funding

MarketAxess completes acquisition of Deutsche Börse’s regulatory reporting hub

HSBC launches new custody and fund admin model for TTF securities lending

OCC’s securities lending CCP volume up 11.5% in November 2020 year over year

DTCC: COVID-19 cited as top risk to financial stability in 2021

Basel oversight group marks end of Basel III, supports measured drawdowns of reserves during stress periods

Fed releases Sept 2020 SCOOS with focus on reserve balances

Regulators plan for phased end of LIBOR starting December 31, 2021

S&P Global and IHS Markit announce merger

UK PRA expects to publish CRD V policy in mid-December

ICMA: Ghana’s repo market reforms can be “blueprint” for seclending and derivatives

ECB: banks to start self-assessment reporting for climate risk in early 2021

Pirum enhances JPM tri-party connectivity to facilitate Dual Matching of RQVs

Bank of England research on ring-fencing and bank funding structures

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FT: UK grip on European derivatives at risk in fight over post-Brexit rules

Fed blog finds concentration of bank reserves in March 2020

ECB working group on euro risk-free rates consults on Euribor fallbacks