News and Notes

TSD: Malyasia bourse completes first blockchain PoC for securities lending

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R.J. O’Brien picks ION’s platform for cleared derivatives business

Eurex to launch Total Return Futures on MSCI ESG indices

Hong Kong SFC fines China Rise $6.3 million for illegal short sale violations

ECB and People’s Bank of China extend bilateral currency swap arrangement

Bloomberg: Mnuchin Open to Looser Bank Liquidity Rules Backed by Dimon

BoE Securities Lending Committee discusses diversity and ESG

Paper: Withholding-Tax Non-Compliance: The Case of Cum-Ex Stock-Market Transactions

US regulators propose to end IM for inter-affiliate transactions

Senator Elizabeth Warren’s letter to US Treasury Secretary Mnuchin on Fed intervention in repo

Tokyo Stock Exchange Starts Proof of Concept Testing for Margin Transaction and Short Selling Data

Major banks and asset managers propose CCP resilience, recovery and resolution standards

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DataLend’s The Purple says securities finance revenues down 17% globally in H1 2019

Eurex Clearing clears first cross currency swap transactions

LCH clears first €STR swaps

BIS/G7/IMF: Investigating the impact of global stablecoins

Reuters: Wall Street banks see green light from Fed on reserves – sources

Reuters: NY Fed’s Williams says that Standing Repo Facility may not be enough to meet bank liquidity needs

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Impact of risk-free rates transition on risk management

Basel Committee reports on Basel III implementation progress

Bloomberg: Dimon says regulation limited J.P. Morgan from calming repo market

Natixis, CIB, DBS, and National Bank of Canada among firms in collateral blockchain trial

FSB reports that OTC derivatives reforms have plateaued

London Stock Exchange launches Global Equity Segment for trading in international securities

Reuters: Bank of China sells first SOFR bonds from Asian private sector

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Federal Reserve Board finalizes rules that tailor its regulations for domestic and foreign banks to more closely match their risk profiles

Bank of Japan Deputy Governor Masayoshi Amamiya talks up repo as a monetary policy tool

State Street Launches Direct Access Lending, a Managed Peer-to-Peer Securities Finance Product

BIS paper shows broad support for central bank securities lending programs

IOSCO and BIS report on governance arrangements for critical OTC derivatives data elements

US regulators finalize changes to simplify Volcker rule

US Treasury and IRS propose tax relief related to LIBOR transitions

Risk: ECB exposes LCR window-dressing

ECB finds generally good results in stress test but over reliance on FX swaps

BIS releases reports on unconventional monetary policy tools and the role of central banks and market functioning

ESMA publishes final report on CSDR guidelines on standardized procedures and messaging protocols

Eurex continues to boost futurization with launch of Equity Total Return Futures

RMA creates fintech committee led by State Street and BNY Mellon

ESMA consults on MiFIR alignment following the introduction of EMIR Refit

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Hazeltree Acquires ENSO Financial, with investment from IHS Markit

BNY Mellon: signs point to wider adoption of ETF collateral

Hudson Fintech launches repo platform based on video game tech

BIS: Fragmentation in global financial markets: good or bad for financial stability?

Basel Committee says that Group 1 banks are €23.5 billion short for final Basel III minimums

ECB’s €STR goes live at -0.549