News and Notes

Morningstar says benefits of securities lending to fundholders outweigh the risks

LCH RepoClear hits €183tn in record year

DTCC partners with Xceptor for SFTR reporting data management

Basel Committee publishes Pillar 3 disclosure requirements – updated framework

ISDA Publishes 2018 Benchmarks Supplement Protocol

ISDA: Key Trends in the Size and Composition of OTC Derivatives Market

FCA proposes permanent measures for retail CFDs and binary options

ARRC Releases Consultations on Fallback Contract Language for Bilateral Business Loans and Securitizations for Public Feedback

ICMA: European bond markets still waiting to experience the benefits of MiFID II implementation

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Eurex repo clearing reaches 24 participants in Brexit shift

World Federation of Exchanges report finds securities lending helpful to draw investors to emerging markets

Sberbank and Interros transact OTC repo on blockchain

Fed to expand UST data collection beyond TRACE

Reuters: EU takes new step on derivative clearing, despite UK, U.S. concerns

OCC seclending CCP up 4.2% in Nov 2018 year over year

Fed working paper: “Emergency Collateral Upgrades”

Spain to launch Financial Transactions Tax

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Tradeweb Connects to Eurex for Direct Clearing

European Parliament MEPs call for inquiry on cum-ex trades

Fed blog: “Breaking Down TRACE Volumes Further” finds off-the-run is 27% of overall volumes

BoE Systemic Risk Survey 2018 H2: 67% expect a high-impact risk event in the short term

BoE Financial Stability Report: UK banks can withstand a Brexit shock

Fed’s Powell says that financial stability risks are moderate

Bundesbank’s Burkhard Balz: patience is paying off for RMB in international payments

Fed blog: Is the United States Relying on Foreign Investors to Fund Its Larger Budget Deficit?

ISDA Publishes Preliminary Results of Benchmark Consultation

IFLR: Initial margin prompts shift to unconventional collateral

Banque de France’s Villeroy de Galhau: Brexit an opportunity for European financial infrastructure

An odd WSJ article on the US repo market

ESMA issues statement on managing risks of a no-deal Brexit for central clearing

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Global regulatory committees say CCP adoption working but concentration of clearing firms is high

State Street survey shows execution tech, seclending are SWF priorities

LCH SwapAgent completes its first swaption trade

FSB adds Groupe BPCE to G-SIB list, removes Nordea and RBS

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FSB consults on whether existing financial resources are enough for CCP resolution

FSB finds that jurisdictions have undertaken substantial reforms to mitigate “too-big-to-fail”

ESMA updates Q&A on short selling

IOSCO seeks feedback on proposed framework for assessing leverage in investment funds

FSB publishes progress report on reforming major interest rate benchmarks

IMF: Casting Light on Central Bank Digital Currencies

ESMA update CSDR Q&A on provision of services and settlement discipline

IHS Markit says seclending revenues hit $2.5bn in Q3 2018

BoE working paper: The leverage ratio, risk-taking and bank stability

Fed’s Quarles on the Stress Capital Buffer

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Swissinfo: FINMA wants 800% risk weight for cryptoassets