News and Notes

European Commission plans to endorse SFTR

AcadiaSoft partners on uncleared swaps margin risk services with analytics firm Quaternion

OCC securities lending up 19% in July 2018 over July 2017

AFME and ISDA: loss of EU passporting after Brexit a threat to OTC derivatives, novation uncertain

Bloomberg: Nordic banks make a hard turn towards automation

Central Bank Digital Currency and Monetary Policy

ISLA Forms CSDR Working Group

Fed report: Bank-Intermediated Arbitrage

Bank of England working paper: Central bank swap lines

China repo volume up on policy change

FT: Bloomberg snatches BrokerTec data from rival Thomson Reuters

CCN: institutional investors do first bitcoin EFP

DTCC paper says seclending will face 5X more reporting than actual trades

BlockFi Raises $52.5 Million with Galaxy Digital Ventures LLC

CFTC allows derivatives clearing organizations investments in French and German government debt

Statement of CFTC Chairman J. Christopher Giancarlo Regarding the Proposed Rule on Segregation of Assets Held as Collateral in Uncleared Swap Transactions

Jurisdictions continue to make progress in implementing standards for payment, clearing and settlement

IMF recommends that Eurozone central banks harmonize securities lending arrangements

EuroCCP signs agreement with Deutsche Börse to provide CCP services for Frankfurt Stock Exchange

Deutsche Bank to Pay Nearly $75 Million for Improper Handling of ADRs

State Street claims a first with $2.6bn Charles River acquisition

ISLA updates members on the German Investment Taxes Act (GITA)

ISDA: IM for Non-Centrally Cleared Derivatives: Issues for 2019 and 2020

Basel Committee surveys market on interactions of different regulations

NEX Data and JBOND launch Japanese yen Repo Index Rate (RIR)

Euroclear: Adapting to the New Equity-Friendly Collateral Landscape

Risk: EU Considering Moving Leverage Ratio Reporting From Quarterly to Daily

Reuters: Lloyds Picks Frankfurt Post-Brexit

SZSE Launches Bond Pledge-style Tri-party Repo Business

DTCC to open new office in Dublin

Working Group on Risk-Free Reference Rates Have Launched Consultation on Term SONIA Reference Rates

FT: Market reverberates with accusations of ‘empty voting’

Tradeweb Repo Roars Back to Pre-Reform Levels: Repo volume up 30% vs. June 2017

ARRC Releases Title VII Letter

Northern Trust Develops Enhanced Collateral Optimization Solution

TMPG Releases Consultative White Paper on Clearing and Settlement in the Secondary Market for U.S. Treasury Securities

Acadia Soft announces Agreement Manager

Brexit white paper asks EU for coordinated approach to financial services

ISDA Publishes Consultation on Technical Issues Related to Benchmark Fallbacks

FSB says that if IBORs don’t work, get ready to transition to new reference rates

US OFR requests comments on proposed cleared repo data collection rule

WSJ: Emerging Markets Fight Back to Bolster Currencies

ARRC releases principles for fallback contract language to move from LIBOR to SOFR

Dubai Financial Market settles inaugural repo transactions

US regulators issue statement on the Economic Growth, Regulatory Relief, and Consumer Protection Act

Global systemically important banks: revised assessment methodology and the higher loss absorbency requirement

SIX building crypto trading, custody and settlement for mid-2019

New State Street Research Reveals Cross-Border Distribution is Key to Accessing Investors Globally

Prolonged low interest rates could affect financial stability, central banks find

Bank of England discussion paper: Building the UK financial sector’s operational resilience