News and Notes

ESMA publishes final report for bilateral margining, amendments conform to BCBS-IOSCO

Tradeweb repo activity lifts slightly to $190.4bn ADV in November

ISLA publishes EU seclending markets manifesto with 5-year priorities

Japan’s Government Pension Investment Fund halts equity securities lending program

OCC seclending CCP activity declined 17.6% in Nov 2019 year over year

European banks transact on DLT-based seclending platform

Bloomberg: E*Trade Sued Over Interest on ‘Hard-to-Borrow’ Short Sales

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ICMA survey warns on CSDR’s mandatory buy-in regime for European bonds

Basel Committee publishes consultation paper on revisions to the CVA risk framework

ISLA Publishes SFTR Report Modeller

SGX enhances Securities Borrowing and Lending programme with introduction of variable rates

ESMA releases consultation response on aligning MiFIR to EMIR REFIT

ISDA: Key Trends in the Size and Composition of OTC Derivatives Markets in the First Half of 2019

Basel Committee issues guiding principles for the operationalisation of a sectoral countercyclical capital buffer

FSB updates Regulatory framework for haircuts on non-centrally cleared securities financing transactions

First automated repo trade confirmation in US as Citadel, J.P. Morgan tap MarketAxess engine

Reuters: U.S. banks cram for Fed risk test, with ripple effects in repo

Basel Committee publishes GSIB list and methodology

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Reuters: Return of short-selling bans: market protection or ‘war against truth’?

BME Clearing starts clearing repo trades on European sovereign debt

Russia’s Sberbank completes full repo transaction on blockchain, gets patent

Fed to continue repo liquidity operations at least through January 2020

Fed blog: Monetary Policy Transmission and the Size of the Money Market Fund Industry

US regulators allow custodians to exclude central bank deposits for the Supplementary Leverage Ratio

US regulators adopt SA-CCR

DTCC launches beta of FRTB data service

SIX bids EUR 2.843 million for Bolsas y Mercados Españoles

ICMA to update its buy-in rules to support implementation of EU CSDR mandatory buy-in provisions

Women in Securities Finance opens London chapter

Bloomberg: Powell Faces Doubt That Fed Really Has Repo Under Control

Euroclear plans to join ECB’s Target2-Securities platform

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Basel Committee issues consultation on voluntary disclosure of sovereign exposures

ECB: The impact of central bank liquidity support on banks’ balance sheets

FSB 2019 resolution report focuses on CCP resilience

Working group on euro risk-free rates recommends fallback arrangements for users of €STR

Citi Launches Regulatory Initial Margin Calculation Service

Bank Negara Malaysia updates repo policies, extends tenors to five years

ICMA European repo survey sets market size at EUR 7,761 billion

Six Broker-Dealers Select IHS Markit to Manage Questionnaires for Securities Financing Transaction Regulation

BIS’s Claudio Borio: central banks have no magic wands, structural reform needed for growth

BIS: Notional amounts of OTC derivatives rose to $640 trillion at end-June 2019

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Statement Requesting Public Comment on a Proposed Publication of SOFR Averages and a SOFR Index

ARRC Welcomes Release of Proposed Publication of SOFR Averages and a SOFR Index

Exilium NA suspends operations

ESMA publishes validation rules and XML schemas for SFTR reporting

OCC seclending CCP activity down 25% in October