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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

Trade bodies respond to EMIR 3.0 proposals for derivatives clearing
02 February 2023 EU
Reporter: Bob Currie

Industry associations have responded to the European Commission’s proposed changes to the European Market Infrastructure Regulation (EMIR) that aim to make clearing of derivatives products in the European Union more attractive

Vaswani joins MUFG
01 February 2023 US
Reporter: Carmella Haswell

Laksh Vaswani has been appointed senior vice president, global head of trust operations at Mitsubishi UFJ Trust and Banking Corporation to grow the firm's global securities lending solutions business

Davies departs from Pirum
01 February 2023 UK
Reporter: Carmella Haswell

Simon Davies, director of business development at Pirum, has left his position at the firm’s London office to pursue new opportunities

IMN: Investment in data architecture key to drive trading and operational performance
01 February 2023 US
Reporter: Carmella Haswell

Panellists at the 28th IMN conference emphasised the importance of data for trading and technology as firms appear to be hesitant to invest

Melanie Moos leaves Clearstream
30 January 2023 Luxembourg
Reporter: Lucy Carter

Melanie Moos has left Clearstream, where she has been senior vice president for product management and investment funds for the past three years

CSDR penalties “bigger than expected”, says BoE Securities Lending Committee
30 January 2023 UK
Reporter: Bob Currie

The Committee notes that concerns around settlement efficiency have prevailed for many years and CSDR penalties have not resulted in a significant improvement since enactment of the settlement discipline regime in February 2022

Wematch appoints Demoulin
30 January 2023
Reporter: Carmella Haswell

UBS veteran Stéphan Demoulin joins the dealing workflow platform as head of sales and relationship management for EMEA securities finance, where he will help to accelerate Wematch’s expansion in the region

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

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