News search | Securities Finance Times

Generic business image for news articles

ICMA ERCC forms new committee
10 February 2023 Switzerland
Reporter: Carmella Haswell

ICMA’s European Repo and Collateral Council has welcomed 19 individuals to form its 2023 committee, including AXA Investment Managers’ Charlie Badran, BlackRock Investment Manager’s Emma Cooper and Eurex Repo’s Frank Gast

SNB Capital enlists Broadridge to build securities lending business
09 February 2023 Saudi Arabia
Reporter: Carmella Haswell

Saudi Arabia-based financial institution SNB Capital will incorporate Broadridge’s Securities Finance and Collateral Management solution to grow the coverage of its securities services offering on local assets

BoE issues guidance on outsourcing and third-party risk management for CCPs
09 February 2023 UK
Reporter: Bob Currie

The Bank of England’s supervisory statement specifies how CCPs should meet their regulatory requirements for outsourced services, with a compliance deadline set for 9 February 2024

Deutsche Börse appoints Google Cloud as preferred cloud partner
09 February 2023 Germany
Reporter: Bob Currie

The German infrastructure giant will use Google Cloud as its preferred cloud services partner for the coming 10 years, supporting development of its D7 platform along with a range of data and analytics applications and regulatory controls

Global securities finance revenues jump 34% YoY for January
06 February 2023 US
Reporter: Carmella Haswell

January marked a strong start for 2023 and sets the tone for a vibrant first quarter, according to S&P Global Market Intelligence, which finds securities finance activity generated US$1.117 billion for the month

Repo market and GC Pooling volumes climb 23% YoY for Jan, says Eurex Repo
06 February 2023 EU
Reporter: SFT

Total term-adjusted ADV rises to €169.3 billion for January 2023 for the Repo Market segment and to €82.1 billion for GC Pooling, assisted by central bank efforts to drive economic normalisation

Global securities lending revenue rises 27% YoY for Jan, says DataLend
03 February 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$890 million in revenue for lenders in January, representing a 27 per cent YoY rise and a 5 per cent MoM growth, according to DataLend

Pardeep Cassells joins HM Treasury’s Accelerated Settlement Taskforce
03 February 2023 United Kingdom
Reporter: Jenna Lomax

The taskforce was launched by the Chancellor in December 2022 to investigate the UK’s potential for faster settlement of financial trades

Standard Chartered approved for ‘wholly foreign owned’ securities firm in Beijing
03 February 2023 China
Reporter: Carmella Haswell

With an initial capital injection of US$155.6 million, the new firm Standard Chartered Securities (China) Limited will cover underwriting, asset management and brokerage activities, following CSRC approval

CFTC issues statement on cybersecurity incident at ION Cleared Derivatives
03 February 2023 UK
Reporter: SFT

The US derivatives market watchdog indicated that it has been working with other financial regulators and impacted parties to understand how the cyber incident occurred and to ensure that other CFTC-regulated derivatives markets are not compromised

OCC securities lending ADV down 8.1% YoY for Jan
02 February 2023 US
Reporter: SFT

Securities lending volumes cleared through OCC have remained flat YoY at 177, 214 transactions for January, but average daily loan value has contracted over period

Clear Street hires Bonville to spearhead new derivatives offering
02 February 2023 US
Reporter: Carmella Haswell

Thomas Bonville, former managing director of equity derivatives sales at Wells Fargo, joins Clear Street as managing director and head of derivatives sales