OCC

CCPs, OCC

In the midst of record cleared contract volume, OCC, the world’s largest equity derivatives clearing organization, today released a paper titled, Optimizing Incentives, Resilience and Stability in Central Counterparty Clearing,…

California fintech buys bank to roll out T-bill spending platform

September 7, 2020

Federal Reserve, fintech, Jiko, OCC, treasuries

Jiko Group, a new bank holding company, announced it’s completed its acquisition of Mid-Central National Bank – formerly Mid-Central Federal Savings Bank – headquartered in Wadena, MN. The transaction, which…

OCC securities lending CCP volume down 4.3% in August 2020 year over year

September 1, 2020

The average daily loan value at OCC in August 2020 was $68,733,295,322, a 10.5 percent decrease compared to August 2019. Securities lending CCP activity decreased by 4.3 percent in new…

OCC seclending volumes down 9.7% in July 2020 year over year

August 4, 2020

OCC, Securities Lending, Securities Lending CCPs

The average daily loan value at OCC in July 2020 was $65,959,824,819, a 9.7% decrease compared to July 2019. Securities lending CCP activity increased by 2.8% in new loans from…

OCC submits updated plan to regulators for skin-in-the-game

August 3, 2020

CCP, OCC, skin in the game

As part of its commitment to deliver operational excellence to the users of the U.S. equity derivatives markets, OCC, the world’s largest equity derivatives clearing organization, today announced a reduction…

OCC Implements Phase III of Financial Safeguards Framework

July 8, 2020

clearing fund, Cover Two, OCC, SIFMU

Enhancing its resiliency as a Systemically Important Financial Market Utility (SIFMU), OCC, the world’s largest equity derivatives clearing organization, today announced that the U.S. Securities and Exchange Commission (SEC) approved…

OCC securities lending CCP activity increases 16% in June 2020 year over year

July 1, 2020

The average daily loan value at OCC in June 2020 was $76,216,532,318.42, an 8.19 percent decrease compared to June 2019. Securities lending CCP activity increased by 16.44 percent in new…

OCC securities lending CCP volume flat in May 2020 year over year

June 1, 2020

The average daily loan value at OCC in May 2020 was $74,424,510,160, a 0.72 percent increase compared to May 2019. Securities lending CCP activity decreased by 9.68 percent in new…

DLT and the Common Domain Model are gaining momentum in securities finance (Premium)

May 19, 2020

Blockchain, Common Domain Model, Technology

Axoni, blockchain, CDM, Common Domain Model, distributed ledger technology, DLT, OCC, topstory

OCC’s announcement that it will use Axoni’s Distributed Ledger Technology (DLT), DTCC’s Project ION and comments on our securities lending webinars last week make it clear that it’s time to…

Axoni to replace OCC’s seclending infrastructure with DLT

May 5, 2020

Axoni, blockchain, DLT, OCC, Securities Lending CCPs

Equity derivatives clearing organization OCC announced it’s selected Axoni, a technology firm that specializes in multi-party workflows and infrastructure, to develop and implement a distributed ledger technology solution to replace…

OCC seclending volumes up 4% in April 2020 year over year

May 1, 2020

The average daily loan value at OCC in April 2020 was $72,649,346,808 a 4.02 percent increase compared to April 2019. Securities lending CCP activity increased by 2.51 percent in new…

OCC seclending CCP activity up 2% in March 2020 year over year

April 1, 2020

The average daily loan value at OCC in March 2020 was $76,174,841,455 a 2.03 percent increase compared to March 2019. Securities lending CCP activity increased by 4.04 percent in new…

OCC securities lending CCP volume up 15.5% in Feb 2020 year over year

March 3, 2020

CCP, OCC, Options Clearing Corp, Securities Lending

The average daily loan value at OCC in February 2020 was $80,711,942,428 a 15.5 percent increase compared to last February. Securities lending CCP activity decreased by 7.83 percent in new…

Options Clearing Corp sees seclending CCP decline of 6.56% in Jan 2020 year over year

February 4, 2020

OCC’s securities lending CCP activity decreased by 6.56 percent in new loans from January 2019 with 107,395 transactions last month. The average daily loan value at OCC in January 2020…

SEC approves new OCC capital management policy

January 29, 2020

capital management, CCPs, OCC, sec

OCC, the world’s largest equity derivatives clearing organization, announced that it received regulatory approval of its new capital management policy by the U.S. Securities and Exchange Commission (SEC). “We appreciate…

OCC’s securities lending CCP decreased by 4% in Dec 2019, year over year

January 2, 2020

OCC’s securities lending CCP activity decreased by 4.07 percent in new loans from December 2018 with 102,583 transactions last month. Annual stock loan activity decreased 5.27 percent from 2018 with…

OCC seclending CCP activity declined 17.6% in Nov 2019 year over year

December 3, 2019

OCC’s securities lending CCP activity decreased by 17.6 percent in new loans from November 2018 with 92,138 transactions last month. Year-to-date stock loan activity has decreased 5.38 percent from 2018…

OCC seclending CCP activity down 25% in October

November 3, 2019

OCC’s securities lending CCP activity decreased by 25.4 percent in new loans year on year with 104,033 transactions last month. Year-to-date stock loan activity has decreased 4.73 percent from 2018…

NY DFS wins “final judgment” against OCC issuing fintech charters

October 25, 2019

fintech charter, NYDFS, OCC, Office of the Comptroller of the Currency

Superintendent of the New York Department of Financial Services (DFS) Linda Lacewell commented on a court ruling that has entered final judgment in favor of DFS. “This decision makes the…

US agencies join global regulatory sandbox spearheaded by FCA

October 24, 2019

CFTC, FDIC, GFIN, OCC, sec

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) announced joining the Global…

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

October 1, 2019

OCC’s securities lending CCP activity increased by 1 percent in new loans from September 2018 with 102,863 transactions last month. Year-to-date stock loan activity has decreased 2.21 percent from 2018…

OCC settlements on regulatory matters with SEC and CFTC

September 5, 2019

CFTC, OCC, sec

OCC, the world’s largest equity derivatives clearing organization, released the below statement in response to a settlement reached with the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity…

OCC seclending CCP volume declined 5.53% in August 2019 year over year

September 3, 2019

OCC’s securities lending CCP activity was down 5.53 percent in new loans from August 2018 with 111,375 transactions last month. Year-to-date stock loan activity has decreased 2.56 percent from 2018…

US FDIC and Comptroller of the Currency approve Volcker Rule reforms

August 22, 2019

FDIC, OCC, Volcker Rule

The final rule will: Tailor the rule’s compliance requirements based on the size of a firm’s trading assets and liabilities, with the most stringent requirements applied to banking entities with…

OCC securities lending CCP up 10.5% in July 2019 year over year

August 1, 2019

OCC’s securities lending CCP activity was up 10.5 percent in new loans from July 2018 with 114,818 transactions last month. Year-to-date stock loan activity has decreased 2.1 percent from 2018…

FT: Options Clearing Corp readies plan to boost capital

July 19, 2019

OCC, PFMI

The US’s Options Clearing Corp is putting the finishing touches on a long-awaited new plan to boost its capital, risking unhappiness among customers and shareholders as it tries to shore…

Manatt: US task force considers fintech regulation

July 19, 2019

FCA, fintech, fintech regulation, OCC, Securities and Exchange Commission, US House

The newly formed US House Financial Services Committee’s Task Force on Financial Technology (Committee) recently held its first hearing, and it included some interesting perspectives from both US and UK…

OCC seclending CCP volumes down 10.6% in June 2019 year over year

July 1, 2019

CCP, OCC, Options Clearing Corp, Securities Lending

Securities Lending: OCC’s securities lending CCP activity was down 10.6 percent in new loans from June 2018 with 106,566 transactions last month. Year-to-date stock loan activity has decreased 3.2 percent…

OCC seclending CCP up 0.3% in May 2019 year over year

June 3, 2019

OCC’s securities lending CCP activity was up 0.3 percent in new loans from May 2018 with 119,589 transactions last month. Year-to-date stock loan activity decreased 1.7 percent from 2018 with…

OCC seclending CCP volumes down 1.6% in April 2019 year over year

May 2, 2019

OCC, Securities Lending

OCC’s securities lending CCP activity was down 1.6 percent in new loans from April 2018 with 109,141 transactions last month. Year-to-date stock loan activity decreased 2.3 percent from 2018 with…

Options Clearing Corp seclending CCP volume down 0.5% in March 2019 year over year

April 1, 2019

OCC’s securities lending CCP activity was down 0.5 percent in new loans from March 2018 with 117,521 transactions last month. Year-to-date stock loan activity decreased 2.5 percent from 2018 with…

OCC seclending CCP volume down 5.5% in Feb 2019 year over year

March 1, 2019

OCC’s securities lending CCP activity was down 5.5 percent in new loans from February 2018 with 105,993 transactions last month. Year-to-date stock loan activity decreased 3.5 percent from 2018 with…

OCC seclending CCP down 1.5% in Jan 2019 year over year

February 1, 2019

OCC, Options Clearing Corp, Securities Lending

OCC’s securities lending CCP activity was down 1.5 percent in new loans from January 2018 with 114,940 transactions last month. The average daily loan value at OCC in January 2019…

OCC to overhaul risk, clearing and data systems

January 16, 2019

OCC, Renaissance Initiative

To better serve its stakeholders and the users of the US equity options and futures markets, OCC, the world’s largest equity derivatives clearing organization, announced the Renaissance Initiative, a multi-year…

OCC Launches Renaissance Initiative to Modernize Technology Infrastructure

January 14, 2019

OCC, Options Clearing Corporation

To better serve its stakeholders and the users of the U.S. equity options and futures markets, OCC, the world’s largest equity derivatives clearing organization, today announced the Renaissance Initiative, a…

OCC seclending CCP activity up 3.9% in Dec 2018 year over year

January 2, 2019

OCC, Options Clearing Corporation, Securities Lending

OCC’s securities lending CCP activity was up 3.9 percent in new loans from December 2017 with 107,214 transactions last month. For the year, stock loan activity increased 17.2 percent from…

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

December 3, 2018

OCC, Options Clearing Corporation, Securities Lending

Securities Lending: OCC’s securities lending CCP activity was up 4.2 percent in new loans from November 2017 with 111,814 transactions last month. Year-to-date stock loan activity increased 18.5 percent from…

OCC securities lending CCP volume in Oct 2018 up 25.7% year over year

November 1, 2018

CCP, OCC, Options Clearing Corp, Securities Lending

Securities Lending: OCC’s securities lending CCP activity was up 25.7 percent in new loans from October 2017 with 129,863 transactions last month. Year-to-date stock loan activity increased 20.1 percent from…

OCC securities lending CCP up 6.9% in September 2018 year over year

October 3, 2018

Securities Lending: OCC’s securities lending CCP activity was up 6.9 percent in new loans from September 2017 with 203,694 transactions last month. Year-to-date stock loan activity increased 17.0 percent from…

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

August 1, 2018

OCC, Securities Lending

OCC’s securities lending CCP activity was up 19 percent in new loans from July 2017 with 218,786 transactions last month. Year-to-date stock loan activity increased 22 percent from 2017 with…

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

July 6, 2018

Alex Tonhazy

EGRRCPA, FDIC, OCC

On May 24, 2018, the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amended provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) as well…

OCC seclending activity up 17% in June yoy

July 3, 2018

News and Notes, Uncategorized

OCC’s securities lending CCP activity was up 17% in new loans from June 2017 with 238,378 transactions last month. Year-to-date stock loan activity increased 22 percent from 2017 with 1,392,596…

Wednesday news roundup: BNPP, Citi, OCC and more (Premium)

June 6, 2018

Custodians, Regulatory, Securities Lending, Technology

BNPP, Citi, Facebook, OCC, topstory, Volcker Rule

Here’s a roundup of some news we haven’t gotten to yet along with our observations. In this edition we cover BNPP Securities Services’s evolution, what’s really different about the new…

OCC seclending activity up 23% year-to-date

June 1, 2018

OCC’s securities lending CCP activity was up 14 percent in new loans from May 2017 with 238,416 transactions last month. Year-to-date stock loan activity increased 23 percent from 2017 with…

FISL London 2018: buy-side debates CCP market share, considers route to cheaper borrow rates

May 10, 2018

CCP, FISL

Eurex, hedge funds, OCC, prime brokers, Securities Lending CCPs, topstory

During a panel discussion at FISL NYC, participants gave a prediction on the future of securities lending. CCPs came out on top as a market infrastructure that will lead the…

OCC seclending activity up 25% in April yoy

May 2, 2018

OCC’s securities lending CCP activity was up 25 percent in new loans from April 2017 with 221,744 transactions last month. Year-to-date stock loan activity increased 26 percent from 2017 with 915,802 new…

Fed and agencies want further CECL changes to account for existing US rules

April 17, 2018

CECL, FDIC, Federal Reserve, OCC

The federal banking agencies (Federal Reserve, FDIC, OCC) proposed a revision to their regulatory capital rules to address and provide an option to phase in the regulatory capital effects of…

Fed and OCC propose rule to tailor ‘enhanced supplementary leverage ratio’ requirements

April 12, 2018

Federal Reserve, GSIBs, OCC, Supplementary Leverage Ratio

The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) proposed a rule that would further tailor leverage ratio requirements to the business activities and risk…

OCC seclending CCP activity up 13% in March yoy

April 2, 2018