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Global securities lending revenue up 6.6% YoY for 2022, says DataLend
04 January 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$9.89 billion in revenue for lenders in 2022, a 6.6 per cent increase from 2021, according to DataLend

Clearstream appoints Putz and Cherry
04 January 2023 Luxembourg
Reporter: Carmella Haswell

Élodie Putz has become head of business management for collateral, lending and liquidity solutions at Clearstream, while James Cherry has been promoted to head of business development for collateral, lending and liquidity solutions

Citi hires Sullivan-Williams
03 January 2023 UK
Reporter: Carmella Haswell

Sorcha Sullivan-Williams has joined the firm’s London office as senior vice president and digital assets product manager for securities services

SWIFT welcomes Stephen Grainger
03 January 2023 UK
Reporter: Jenna Lomax

Grainger will be responsible for overarching direction and growth, focusing his efforts on further developing strategic customer relationships

SMBC Nikko Securities Americas hires Langworthy
03 January 2023 US
Reporter: Carmella Haswell

As part of the expansion of its equity business, SMBC Nikko Securities Americas has appointed Ted Langworthy as executive director and head of the equity finance team

KDPW releases new OTC derivatives clearing system
23 December 2022 Poland
Reporter: SFT

This OTC clearing module offers new proprietary enhancements to clearing members, including trade compression, improved risk management functions and valuation procedures

Global PSSL for UN Pathways to launch 3P Transparency
22 December 2022 Global
Reporter: Carmella Haswell

The 3P Transparency project is expected to provide a long-term foundation for collaborations and include guidelines for letters of intent, memoranda of understanding and apportionment of financial costs

BoE Money Markets Committee reflects on settlement inadequacies for sec finance trades
22 December 2022 UK
Reporter: SFT

The Money Markets Committee cited an informal market survey indicating that settlement rates for closing leg trades were as low as 85 per cent, with lack of available stock and illiquidity in corporate bond markets the primarily reasons for fails

Women in Securities Finance rings closing bell at NYSE
21 December 2022 US
Reporter: Carmella Haswell

Celebrating its five-year anniversary, 100 guests — including active members of the group and supportive allies — gathered on the NYSE floor to watch as WISF leaders rang the closing bell to signal the end of the trading day

First Derivative joins UnaVista Partner Programme
21 December 2022 United Kingdom
Reporter: Jenna Lomax

The combination of First Derivative’s business and UnaVista’s technology platform aims to  solve technology, regulatory and operational challenges

OCC appoints Busby as COO
21 December 2022 US
Reporter: Carmella Haswell

The Options Clearing Corporation appoints Dan Busby as its new chief operating officer after Scot Warren announces retirement

EU Council revises mandatory buy-in rules
21 December 2022 Europe
Reporter: Carmella Haswell

EU member states agree on proposed update for the Central Securities Depositories Regulation, including clarification on mandatory buy-in rules