News and Notes

IHS Markit Adds Credit Benchmark Consensus Analytics to Securities Finance Platform

BofE’s Jon Cunliffe speech on the governance of financial globalization

ECB SESFOD survey shows stronger demand for funding across all types of collateral except high-yield corporate bonds

BofE Working Paper: Bank funding costs and solvency

Reuters: Japan lawmakers push government for G7 talks on digital yen

ESMA final report on aligning MiFIR to EMIR Refit

Fed’s Quarles suggests Discount Window, not Standing Repo Facility, to meet bank liquidity needs

Axoni and 15 large firms launch distributed ledger for equity swaps processing

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Federal Reserve Board releases hypothetical scenarios for its 2020 stress test exercises

ISLA publishes 12th securities lending market report including roadmap of EU developments through 2022

Deutsche Börse and HQLA^X execs: A solution for managing high-quality liquid assets: How distributed ledger technology can benefit the securities lending market

AcadiaSoft and ClarusFT partner to add what-if scenarios to margin calculations

Cowen to Integrate the Prime Brokerage Business of Global Prime Partners

Pirum Systems launches IM Instruct to help with OTC Derivatives Uncleared Margin Requirements

ESMA postpones CSDR settlement discipline regime until 1 February 2021

Options Clearing Corp sees seclending CCP decline of 6.56% in Jan 2020 year over year

SCMP: China to inject US$174 billion of liquidity into markets amid new coronavirus outbreak

Reuters: Swiss National Bank reintroduces repos to steer interest rate

Wematch unveils matching protocol dedicated to ETF securities lending

US regulators propose changes to Volcker Rule “covered funds” restrictions

Baton Systems raises $4 million from Illuminate Financial

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ECB details capital plans as Bank of England leaves

EU regulators will conduct UCITS liquidity risk checks in 2020

IOSCO 2020 work program to focus on AI, passive investing and crypto

Fed keeps target rate at 1.5%-1.75%, sets IOER at 1.6%, commits to repo liquidity through April 2020

SEC approves new OCC capital management policy

Eurex expands Total Return Futures offering to include Collateral Index TRFs

J.P. Morgan successfully joins Eurex GC Pooling as pilot client for balance sheet netting

ARRC Releases Recommendations for Interdealer Cross-Currency Swap Market Conventions

NY Times articles on cum-ex tells personal anecdotes of players, Big Short-style

Trade associations warn EU regulators of CSDR mandatory buy-in regime’s damaging impacts to EU markets

ECB launches review of its monetary policy strategy

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SIFMA Video: Why Capital Markets Matter

Bank of England blog: Margin call! Cash shortfall?

Clearstream receives CSDR licence for its German CSD

ARRC Releases Consultation on Potential Spread Adjustment Methodologies

FundFire: JP Morgan Makes Equity Investment in Arcesium

Broadway Technology Adds Repo Functionality to Global FICC Trading Platform

FSB report finds no net change in repo positions of non-bank intermediaries

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RMA releases SFTR compliance tool

BBH: 2020 will be a year of regulatory clarity and precision

UK authorities urge action on LIBOR to SONIA switch

DTCC and Euroclear unwind GlobalCollateral joint venture

WSJ: Hedge Funds Could Make One Potential Fed Repo-Market Fix Hard to Stomach

ESMA values the European Alternative Investment Fund market at €5.8 trillion

FT: central banks split on climate change era monetary policy