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ESAs propose extending the EMIR equity option exemption
21 December 2023 Europe
Reporter: Sophie Downes

The draft proposes a two-year extension to the equity option exemption from bilateral margining as well as issue a no-action opinion

EIB Group and BNP Paribas sign new securitisation transaction
21 December 2022 Europe
Reporter: Sophie Downes

The EIB Group has signed a synthetic securitisation transaction with BNP Paribas for a total amount of €106 million

ICMA survey shows outstanding value of €10,794 billion for June 2023
20 December 2023 Europe
Reporter: Sophie Downes

The survey analyses the value of outstanding repo plus reverse repo on the books of 62 participants before 14 June 2023

Baton partners with J.P. Morgan for collateral management optimisation solution
20 December 2023 US
Reporter: Klea Neza

The firms have partnered to enable tri-party clients to automate the optimisation of collateral to meet margin calls at a range of CCPs globally

ICMA welcomes four new members
19 December 2023 Europe, Korea
Reporter: Sophie Downes

Joining ICMA are Banque Nomura France, Wells Fargo Securities Europe, Wells Fargo Securities International and the Korea Exchange

ESMA publishes consultation on CSDR penalty mechanism
18 December 2023 Europe
Reporter: Sophie Downes

The consultation aims to collect data on the effectiveness of the current penalty mechanism in discouraging settlement failures and incentivising their rapid resolution

Mirae Asset Securities acquires Sharekhan
18 December 2023 India
Reporter: Jack McRae

Mirae Asset Securities has acquired Sharekhan Limited in a US$370 million deal

Transcend secures Citi Investment for inventory optimisation solutions
15 December 2023 US
Reporter: Sophie Downes

Formed in 2013, the Transcend solution integrates activity across bi-lateral, cleared, and triparty collateral requirements

Clear Street expands asset class capabilities to fixed income
15 December 2023 US
Reporter: Carmella Haswell

The firm’s mission is to build modern infrastructure for capital markets, with the goal of creating one platform to serve all investor types across all asset classes globally

Fnality processes live payments across its Sterling payments system
14 December 2023 UK
Reporter: SFT

These initial live payments, in the first phase of its DLT-based digital financial market infrastructure and regulated payments rails, were processed via an omnibus account held by £FnPS in the Bank of England’s RTGS system

SEC adopts rules on central clearing for US Treasury market
14 December 2023 US
Reporter: Carmella Haswell

The rule changes provide an update to the membership standards required of covered clearing agencies for the US Treasury market, with respect to a member’s clearance and settlement of specified secondary market transactions

Buy-side associations take legal action against SEC over short-sale disclosure
13 December 2023 US
Reporter: Bob Currie

AIMA, MFA and NAPFM file petition asking the US Court of Appeals to invalidate newly-adopted SEC rules on reporting and public disclosure of securities lending and short selling activity