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SC Ventures, LBBW and Comyno take stakes in DekaBank’s SWIAT
27 January 2023 Germany
Reporter: Carmella Haswell

The joint venture aims to create a uniform standard for processing blockchain-based securities, providing software that will form a decentralised financial infrastructure and frictionless, real-time settlement for securities lending and repo

ISLA responds to FCA consultation on sustainability disclosure
27 January 2023 UK
Reporter: Bob Currie

The Association’s response seeks to clarify key messages relating to securities lending best practice and to engage with concerns raised in feedback to the FCA’s earlier Discussion Paper 21/4

Transcend welcomes advisory board members to support global expansion
27 January 2023 US
Reporter: Carmella Haswell

Founder of Advent Software Stephanie Dimarco, 28-year veteran of Goldman Sachs John Willian, and former global treasurer and president of BNY Mellon N.A Scott Freidenrich, will join Transcend as advisory board members

IMN: T+1 implementation could lead to more trade breaks and settlement fails
27 January 2023 US
Reporter: Carmella Haswell

As a key topic highlighted on a number of sessions at this week’s IMN conference, panellists reflected on the implications of a shorter settlement cycle and compressed time periods for returns and recalls

Fears of repo market price dislocation largely contained over year end, says ERCC report
27 January 2023 EU
Reporter: Bob Currie

ICMA ERCC report finds that repo market participants began year-end preparations early and, despite some early widening of pricing, fears of price dislocation over the turn were largely offset

ICMA publishes new post-trade framework for EU-traded sovereign bonds
26 January 2023 Switzerland
Reporter: Jenna Lomax

ICMA says the initiative will help to inform the current discussions among policy makers in the ongoing MiFIR review, and should help “pave the way for the inclusion of meaningful, well-calibrated” sovereign bond data in the EU bond consolidated tape

ISDA releases standardised set of definitions for digital asset derivatives
26 January 2023 US
Reporter: Bob Currie

These definitions are designed to deliver an unambiguous contractual framework for digital asset derivatives under the ISDA Master Agreement, thereby delivering greater clarity for execution and settlement of digital asset derivatives contracts

OptionsDesk onboards ION’s XTP suite
26 January 2023 UK
Reporter: Lucy Carter

The suite, consisting of ION’s XTP Trading, XTP Clearing and XTP Cleared Derivatives solutions, will help to facilitate OptionsDesk’s growth plans

SEC targets conflicted sales in ABS products
26 January 2023 US
Reporter: Bob Currie

Proposed rule will potentially restrict short selling in an asset-backed security or buying a credit derivative that allows the securitisation participant to benefit from specified credit events, to the detriment of the ABS investor

Corlytics buys ING SparQ to drive digitisation of regulatory value chain
25 January 2023 UK Ireland
Reporter: SFT

Corlytics has worked with ING as a partner on the project since 2018 and currently supports more than 550 ING users with regulatory information and risk data across compliance, risk, regulatory affairs and legal

EquiLend’s DeGiglio becomes president of Wall Street Technology Association
25 January 2023 US
Reporter: SFT

Having served on WSTA’s board of directors since 2017, DeGiglio says that the association serves an important role in education, networking and driving technology innovation throughout the financial services industry

Global PSSL appoints Thapelo Tsheole as strategic advisor
25 January 2023 Botswana
Reporter: SFT

Tsheole is chief executive of the Botswana Stock Exchange and President of the African Securities Exchanges Association and will bring his expertise relating to the development of financial markets in Botswana and Africa