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EXCLUSIVE: Daswani leaves Standard Chartered
07 November 2023 UK
Reporter: Carmella Haswell

Sunil Daswani, global head of securities lending at Standard Chartered, has departed from the bank after more than three years

Financial Services Commission applies short selling ban in South Korea
06 November 2023 South Korea
Reporter: Carmella Haswell

The ban will commence from 6 November 2023 until the end of June 2024, and will prohibit the short selling of all KOSPI, KOSDAQ and KONEX listed items

ISS and Strate partner on proxy voting solution
06 November 2023 South Africa
Reporter: Lucy Carter

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings

Philippines permits short selling on PSE Index stocks and selected midcaps
06 November 2023 Philippines
Reporter: Bob Currie

Short selling is now permitted in the Philippines, with 52 PSE-listed stocks and one exchange-traded fund available for short sale

ICMA ERCC reveals update to European repo guide
03 November 2023 Europe
Reporter: Carmella Haswell

Created by ICMA’s European Repo and Collateral Council, the guide is designed to help avoid uncertainty and disagreements among market participants, helping to foster a more efficient and orderly repo market in Europe

OCC average daily loan value grows 27.7% YoY for October
02 November 2023 US
Reporter: Carmella Haswell

The Options Clearing Corporation has also reported a 19.8 per cent YoY increase in total securities lending transactions cleared on the platform for the month of October

RBC Investor Services to expand securities lending programme
02 November 2023 Canada
Reporter: Carmella Haswell

This move will extend its service coverage to support the lending of client assets held in Malaysia, the Canadian bank’s 34th market

Global securities finance revenue drops 4% YoY for October, reports DataLend
02 November 2023 US
Reporter: Carmella Haswell

Securities lending revenues have contracted globally from US$780 million in October 2022 to US$751 million in October 2023, according to DataLend, driven by mixed performance across asset classes and regions

Nasdaq completes acquisition of Adenza
01 November 2023 US
Reporter: Carmella Haswell

In conjunction with the completed transaction, Nasdaq has appointed Holden Sphat, managing partner at Thoma Bravo, to serve as a member of Nasdaq’s board of directors

GLMX and LCH SA to provide access to sponsored clearing for European repo
01 November 2023 Europe
Reporter: Carmella Haswell

The two firms have now completed the integration to support classic and sponsored clearing for the benefit of mutual clients

Regnology shifts to 100% cloud delivery of regulatory and tax reporting solutions
31 October 2023 Frankfurt
Reporter: Carmella Haswell

The Frankfurt-based software provider aims to make the shift of its regulatory reporting solution suite in 2024

ANNA and DTI Foundation sign MoU for crypto asset initiative
31 October 2023 Global
Reporter: Frances Jones

The MoU will allow the phased introduction of new ISINs to identify crypto assets