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BBH appoints six general partners
22 February 2024 US
Reporter: Jack McRae

Hilary Capay, Orla Foley, Neil Hohmann, Christian Brunet, William Hyder and Bradley Langer have been named as general partners

Euroclear Bank and Eurex Clearing further partnership
21 February 2024 Belgium
Reporter: Lucy Carter

The announcement builds on the existing partnership between the organisations, with the central counterparty already using Euroclear Bank as an eligible securities settlement location

GPFA welcomes BCI to member community
21 February 2024 Canada
Reporter: Carmella Haswell

According to the Association, adding BCI “completes the representation from the largest pension plans in Canada”, a group informally known as the Maple 8

Uhlen promoted at BNP Paribas Securities Services
20 February 2024 Hong Kong
Reporter: Sophie Downes

As head of market and financing services, Benoit Uhlen will be responsible for strengthening the company’s offering in the Asia-Pacific region

TD Securities joins LCH SwapAgent
20 February 2024 Canada, UK
Reporter: Sophie Downes

SwapAgent is a LCH Group service, aiming to improve standardisation and efficiency within the bilateral derivatives market

GLEIF approves Commonwealth Bank of Australia as validation agent
20 February 2024 Australia
Reporter: Carmella Haswell

CBA is the organisation’s first Australia-based validation agent and will work to champion broader industry efforts to harmonise the use of identifiers to promote greater transparency

ISLA releases SBL guide for Saudi Arabia
20 February 2024 Saudi Arabia
Reporter: SFT

The first in a series of SBL guides that the association will release during 2024, this volume has been compiled with insights from ISLA members, working groups and strategic counsel from Latham & Watkins

BoE acquires powers to restrict CCP discretionary payments
19 February 2024 UK
Reporter: Bob Currie

The UK central bank now has further powers to limit CCP discretionary payments to employees and shareholders, with these powers limited to five years’ duration and with consideration to be given to their impact on CCP hiring and staff retention

Vaisanen swaps Clearstream for BNY Mellon
19 February 2024 Australia
Reporter: Sophie Downes

Based in Sydney, Otto Vaisanen will focus on clearance and collateral

Westcarr joins Blackrock
19 February 2024 UK
Reporter: Sophie Downes

Joshua Westcarr joins the firm from UBS, where he started in 2019

CIRO proposes amendments to fully paid securities lending rules
16 February 2024 Canada
Reporter: Carmella Haswell

The amendments aim to enhance the rule framework regarding retail fully paid securities lending, as well as to address inconsistencies in the existing financing rules

JSE Clear to accept securities as collateral to improve cash liquidity
16 February 2024 South Africa
Reporter: Sophie Downes

The service allows investors to utilise their cash for different purposes, alleviating cash liquidity pressures and reducing their costs of cash funding