News and Notes

OCC seclending CCP volumes down 1.6% in April 2019 year over year

CFTC Staff Issues Clearinghouse Supervisory Stress Test Report

Hazeltree launches Securities Finance™ Version 7 for best ex in financing rates and portfolio attribution

FSB publishes peer review on bank resolution planning

The Trade: Credit Suisse sees increased prime brokerage revenues after balance sheet cuts

BofE working paper: Mapping bank securities across euro area sectors: comparing funding and exposure networks

Fed discussion paper: Liquidity Funding Shocks: The Role of Banks’ Funding Mix

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ARRC Releases Recommended Fallback Language for Floating Rate Notes and Syndicated Loans

INTL FCStone Financial Launches Prime Brokerage Division

Murex Launches New LIBOR Reforms Solution

ARRC Releases a User’s Guide to SOFR

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CACEIS/Credit Agricole and Santander to merge asset servicing operations

BGC Brokers’ Capitalab launches inaugural multi-Central Clearing Counterparty Initial Margin Optimisation service

CME Group Launches ENSO Data Insights to Aid Best Execution Financing for Hedge Funds

NN: How ESG principles can make a difference in securities lending

Tradeweb hits post-crisis record volume in repo trading

Delta One, LLC and Dynamex Trading, LLC launch equity finance marketplace

ISLA Publish 2019 Legal Opinions for the Global Master Securities Lending Agreement (GMSLA)

ISDA 2019 Margin Survey: Top 20 Firms Collected Nearly $160 Billion in Initial Margin at Year-End 2018

World Federation of Exchanges says 2018 derivatives volumes exceeded 30 billion contracts

DTCC partners with Droit for reporting eligibility services to Trade Repository

ISDA Asia derivatives survey cites the importance of close-out netting

Basel Committee issues a consolidated version of its standards

SGX launches Total Return Futures on the Nikkei 225

BIS research: bigtech and the changing structure of financial intermediation

NYT article on fund pricing, negative fees and securities lending

MarketAxess and Virtu Financial partner on global ETF and Fixed Income trading

Fidelity Investments adds affiliate National Financial Services as agent lender

FT: Tradeweb IPO delivers $1bn bounty for Wall Street

Reuters: Hong Kong to cap securities margin financing

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BNY Mellon and BlackRock partner to deliver data and technology on the Aladdin platform

ICMA survey shows continuing steady growth in the European repo market – market size reaches EUR 7,739 billion

ESMA launches third EU-wide stress test exercise

Fed blog: Are New Repo Participants Gaining Ground?

Basel Committee looks at a sectoral application of the countercyclical capital buffer

US regulators propose limits to big banks holding TLAC of other big banks

ICE Benchmark Administration Successfully Completes the Transition of LIBOR Panel Banks to the Waterfall Methodology

UBS survey: analysis of US bank tech spend finds growing gap

Report: The Future of Clearing, from the World Federation of Exchanges and Oliver Wyman

Canada tightens rules on dividends withholding tax in a securities lending arrangement

Options Clearing Corp seclending CCP volume down 0.5% in March 2019 year over year

DTCC gains approval to expand sponsored repo business, makes first trade

WSJ: New Benchmark Rate, Gunning to Replace Libor, Gains Traction

Reuters: Banks should quickly adopt LIBOR alternatives: Swiss expert

Basel Committee publishes follow-up reports on Basel III implementation assessments

ABA: FDIC Approves Proposal to Exclude Central Bank Deposits from SLR

Federal Reserve Board releases additional information on its stress testing program