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Clearstream and Proxymity launch digital general meeting service
30 May 2023 Luxembourg
Reporter: Carmella Haswell

The service is planned to go live by the end of the year and will use Proxymity’s Vote Connect service to deliver to German and Luxembourg markets

Euronext Clearing appoints Pecora as CEO
26 May 2023 Italy
Reporter: Bob Currie

Pecora will take over the helm at the multi-asset clearing house from 3 July and will replace Marco Polito, who stepped down as CEO of CC&G following the general assembly held on 27 April

ICMA elects Janet Wilkinson as new chair
25 May 2023 Europe
Reporter: Bob Currie

She will replace outgoing chair Mandy DeFilippo, who has come to the end of her term in fronting the capital markets industry association

South Street Securities appoints Ferber and VedBrat to board
24 May 2023 US
Reporter: Carmella Haswell

Laurie Ferber and Supurna VedBrat bring extensive industry experience and strategic insights as new members of the board, further strengthening the company's leadership and its ongoing growth initiatives

TMX collaborates with Clearstream to release new Canadian collateral management service
24 May 2023 Canada
Reporter: Bob Currie

The CCMS collateral solution is targeted for Q3 2023 and will deliver improved automation, optimisation and collateral mobilisation, while bringing domestic triparty repo to the Canadian market for the first time

Broadridge announces new trades on intraday repo platform
23 May 2023 US
Reporter: SFT

DRW and Societe Generale become latest banks to trade on Broadridge’s Distributed Ledger Repo platform, following first cross-border trades executed in April

CDS welcomes Kinart to its post-trade team
23 May 2023 Canada
Reporter: SFT

Securities finance and post-trade specialist Craig Kinart steps into the post-trade team at the Canadian Depository for Securities as senior manager for strategy and innovation

Bloomberg, MarketAxess and Tradeweb sign consolidated tape joint venture agreement
23 May 2023 UK
Reporter: Carmella Haswell

The joint venture will see the firms participate in the public procurement procedure to become a fixed income consolidated tape provider in the European Union

LIBOR to SOFR conversion done, says LCH SwapClear
22 May 2023 UK
Reporter: SFT

The LSEG-owned swap clearing house migrated contracts from LIBOR to SOFR in two tranches completed on 22 April and 20 May, representing a total US$43 trillion in aggregate notional

Archegos and gilts crisis motivates tighter FCA scrutiny of non-bank financial intermediaries
22 May 2023 UK
Reporter: Bob Currie

Prompt action is necessary to enhance reporting from NBFIs and to establish better data for monitoring leverage and risk concentrations, according to the UK financial regulator

S&P Global Market Intelligence updates performance measurement tools
22 May 2023 UK
Reporter: Carmella Haswell

The new adjustments aim to provide a more accurate representation of how lending programmes are performing against their peers

NYIC and MAS publish cross-border payments study findings
19 May 2023 US
Reporter: Lucy Carter

The project investigated the efficiency of distributed ledger technology (DLT) in multi-currency cross-border wholesale payments and settlements