News and Notes

Societe Generale to acquire Commerzbank Equity Markets and Commodities activities

Coinbase’s crypto custody “open for business”

OneChicago’s annus horribilis continues: drops 77% yoy, but up 7+% mom

OCC seclending activity up 17% in June yoy

Eurex Clearing hits 8% of €-IRD global market share in June, partnership program gains traction

NEX European volume up 22% in June yoy, US repo up 2%

DTCC expanding GTR in Singapore in advance of regulations

Basel Committee amends NSFR standard for 6mo+ central bank claims

Bloomberg: Guggenheim spinning off repo business

SEC opts for narrative over quantitative fund liquidity disclosures

All banks pass Fed CCAR tests except Deutsche Bank

BNP Paribas Securities Services wins €240bn mandate from DWS

ECB calculates ESTER, will release historical time series data (pre-ESTER)

UK FinMin unveils Brexit transition plans for financial services

NY Fed report finds large post crisis regulation impacts on bank intermediated arbitrage

NY Fed report shows “living will” regulation raises banks’ cost of capital 10% per year

BoE reports on systemic risks: domestic and global, bank stress tests, cyber and LIBOR

LSEG takes stake in AcadiaSoft, LCH SwapAgent agrees margin automation development

ICMA advises on CSDR’s mandatory buy-in provision

Amundi tells ESMA that hedging transparency should be a condition for EMIR clearing exemption

FSB says “surprises” could spur tightening of financial conditions

BIS warns on bank window-dressing of repo at reporting periods

Industry associations publish report on benchmark reform concerns and recommendations

ESMA says CCPs should count top two defaults to measure liquidity risk

BoE reviews types of bank internal capital markets

Basel Committee issues report card for banks’ data and risk reporting

Banque de France’s governor supports single eurozone collateral market, announces trade on Elixium

Federal Reserve Board releases results of supervisory bank stress tests

European regulators’ working group consults on EONIA successor

GLMX Becomes a Registered ATS and Broker-Dealer

FSB publishes bail-in and funding guidance for ending “too-big-to-fail”

Fed’s Dudley advocates for move away from LIBOR

ISF: can TCA for securities lending work?

Nasdaq leads team for margin and collateral on the blockchain

PGGM and Morgan Stanley to transact on Eurex’s seclending CCP

BoE research suggests leverage ratio disincentives client clearing

Fed approves rule to prevent concentration risk for 2020

SIX to use Clearstream’s Vestima platform for fund processing

ESMA reports on how national authorities tackle EMIR violations

SIX Repo makes inroads to Swiss regional banks via Entris partnership

Indian bourse launches tri-party repo market for corporate debt securities

BIS details CDS markets’ rapid expansion and steady decline over decade

Risk: some banks open to committing to LIBOR post-2021

ESMA identifies high levels of risk in EU securities markets for Q1

Hanweck introduces volume weighted relative liquidity measure

Clearstream and Lombard Risk partner on collateral management services ahead of EMIR

BNY Mellon first tri-party collateral provider for China mainland-Hong Kong trading link

FSB consults on TLAC standard technicals

BoE’s Cunliffe says UK banks will self-assess resolvability

Cinnober’s Minium signs on Marex Spectron for post-trade tech