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BoE reviews bank and buy-side behaviour under stress conditions
19 June 2023 UK
Reporter: Lucy Carter

The Bank of England has launched a system-wide exploratory scenario exercise to explore how banks and non-bank financial institutions behave in stressed financial market conditions

CACEIS completes migration of Kepler Cheuvreux’s clearing services
16 June 2023 Switzerland
Reporter: Jenna Lomax

The mandate means that the Swiss-based asset servicer will control Kepler’s clearing and settlement, securities lending, custody and reporting services for corporate brokerage

ESMA defines its five-year data strategy
16 June 2023 EU
Reporter: SFT

The EU securities market regulator focuses on fostering effective markets and financial stability, strengthening EU financial supervision and improving protection for retail investors in its 2023-28 data programme

Margin Reform and Pierpoint Financial form consultancy partnership
15 June 2023 UK
Reporter: Carmella Haswell

According to the firms, the collaboration enables them to reinforce the expertise offered to clients in the field of margin and collateral, bridging derivatives, repo and securities lending

FICC sponsored clearing passes US$750 billion in daily activity, says DTCC
14 June 2023 US
Reporter: SFT

The New York-based post-trade infrastructure provider flags up the release of its sponsored general collateral service in September 2021 as an important driver in fuelling this expansion, with Sponsored GC now passing US$100 billion in daily notional

Dinosaur Merchant Bank expands prime brokerage services
14 June 2023 UK
Reporter: Carmella Haswell

The London-based bank says its enhanced prime brokerage services are designed to meet the evolving needs of today’s dynamic financial landscape

Consort1 collaborates with banks and infrastructure to extend access to sec lending and repo markets
14 June 2023 UK
Reporter: SFT

The Jersey-based financial technology company will work with Clearstream, NatWest, Standard Chartered Bank, Arlingclose, BankClarity and Alpha Group to support the trading of secured deposits and to extend access to wholesale SFT markets

R3 releases beta version of new gen Corda platform
14 June 2023 US
Reporter: Bob Currie

Through consultation with the Corda community, this evolution is driven by scalability, enhanced privacy and security, user friendly dev tools and the new generation platform’s ability to interconnect and interoperate with other DLT platforms

Cboe Clear Europe to introduce clearing service for SFTs
14 June 2023 Amsterdam
Reporter: Carmella Haswell

Participant agent lenders BNY Mellon and Citi, in addition to participant borrowers ABN AMRO Clearing Bank and J.P Morgan, will support the launch of the new service

Bursa Malaysia expands Approved Securities criteria to boost market vibrancy
13 June 2023 Malaysia
Reporter: Carmella Haswell

Approved Securities are securities that have met the criteria prescribed by the exchange and may be utilised for purposes of securities borrowing and lending, as well as short selling

ION launches Fidessa Spotlight to improve global equities trading performance
13 June 2023 US
Reporter: Klea Neza

ION launches Fidessa Spotlight which aims to improve global equities trading performance

Credit risk RWAs could prove challenging under Basel III rules, says ISLA
13 June 2023 UK
Reporter: Carmella Haswell

The International Securities Lending Association has published an overview of the Basel III framework, its impact on the securities finance market and how to address upcoming challenges