News and Notes

FIS launches cloud platform for securities finance trading (formerly Project Atom) in UK

BCBS includes SFTs in preferential treatment of stablecoins

GDF and GLEIF team up for digital asset standards

Fitch: ABCP could supply Canada’s short-term market

IIAC recommends QI asset eligibility in securities lending for Registered Plans

DSB publishes final report for OTC reference data w/ industry feedback

DTCC: repo to drive added volumes post-UST clearing mandate

ESMA’s Ross on T+1 in Europe – report by Jan 2025

UK’s FMSB recommends automation for SSI sharing

People moves: BIS, BNY, Clear Street, CME, GLMX, J.P. Morgan

EBA consults on CVA risk exposure from SFTs

The Banker: EU officials say T+1 by end-2027 is “feasible”

PASLA on China suspension of securities relending applications

Euronext launches microwave wireless network

Sygnum launches 24/7 multi-asset instant settlement network w/ tokenized MMF collateral

Bank of England finds gilt repo haircuts at 0-2%, if the SFTR data can be trusted

BBH on securities lending in H2 amid higher for longer rates

US Treasury calls for large positions reports in 20-year UST

DTCC launches FICC VaR calculator ahead of UST clearing

ECB’s SESFOD shows credit T&Cs ease between March to May 2024

UBS: global wealth returns to 4.2% growth, offsetting 2022 slump

ECB’s McCaul: NBFI risk most prevalent “caution light”

ICMA Q3 report reviews NBFI scrutiny, CMU and broad market developments

Clearstream launches collateral optimization dashboard

ESMA: neo-brokers may need to consider securities lending after PFOF ban

Canada’s OSFI delays increase of Basel III output floor by one year

AI fintech Canoe raises $36mn led by Goldman Sachs

CSDR Refit: ESMA consults on rules to recalibrate and further clarify the framework

Basel Committee consults on third-party risk in banking

ESMA: CCP stress test results show gaps in concentration risk, increase in margin

China bonds to be accepted as collateral for Swap Connect by end-2024

ESMA consults on liquidity management tools for funds

ESMA consults on reporting and governance for SFTR repositories

Causality Link: AI as critical agent to counter “financial echo chambers”

People moves round-up: AccessFintech, DTCC, Euroclear, GLEIF, ISSA, Pirum

QCAM: central banks have bias to keep real interest rates positive

BCBS finalizes disclosures for banks’ crypto asset exposures, stablecoins upgraded

AIMA: multi-strat and global macro most optimistic funds amid overall confidence downtick

BoC forum publishes ABCP market size and composition primer

SP Angel: BlackRock acquisition of Preqin a warning signal for public markets

SIX launches independent product valuation service for end-of-day

CFTC stress tests show DCOs can withstand extreme shocks

Hidden Road adds BlackRock’s token as collateral

GeoPolitechs: China’s new national standard on genAI service safety

IAIS: largest insurers show stable solvency, liquidity and profitability positions

Clearstream, DekaBank and DZ Bank jointly issue €5mn tokenized bonds on DLT settled in CeBM

BIS sees “smooth landing” but warns on refinancing and fiscal policy

FN: Goldman Sachs deploys genAI tool for code

FT: T+1 to increase costs and volumes in ETF securities lending

LSF repo facility licenses S&P DJI Africa benchmark