News and Notes

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

Reuters: Too big to lend? JPMorgan cash hit Fed limits, roiling U.S. repos

OCC securities lending volumes rose 1% in Sept 2019 year over year

P&I: Natixis Asset Management fined €3 million by AMF for seclending breaches

FT: Hellman & Friedman considers joining battle for stake in Euroclear

NN publishes on the benefits of collateral management for pension clients

BIS: Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities

ISLA Publishes Phase 2 of CSDR: Settlement Discipline Impact to Securities Lending

BofE working paper: Liquidity transformation, collateral assets and counterparties

ICMA says settlement of €STR-based repo poses challenges

ECB publishes the Euro money market study 2018

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ISLA & Linklaters Publish a Joint Paper on Digitalisation & the Securities Lending Market

Finadium Rates & Repo NYC coming November 4: Meet our Speakers

HQLA^X completes demonstration of blockchain securities lending model, plans Nov 2019 launch

SIX about to launch custody-agnostic Collateral Cockpit

LCH goes live with Taskize for client servicing

Fed plans overnight and term repo operations to get through quarter end

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AcadiaSoft and BNY Mellon deliver all-in-one collateral workflow to clients

Fed to offer another $75 billion in repo on Friday Sept 20 2019

Fed sees demand for $83.75 billion in O/N repo on Thursday; accepts $75 billion

SEC Publishes Recordkeeping and Reporting Requirements for Security-Based Swap Dealers, Major Security-Based Swap Participants, and Broker-Dealers