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Banks must apply a prudent approach when providing funding to LDIs, says BoE
14 December 2022 UK
Reporter: Bob Currie

In its latest Financial Stability Report, the Bank of England finds that the UK banking sector is resilient to a further economic downturn, but it recognises a need to monitor the build up of stress in LDI funds and the NBFI sector

Broadridge and Strate streamline proxy voting lifecycle in South Africa
14 December 2022 South Africa
Reporter: Carmella Haswell

Integrating their respective end-to-end processing solutions, the firms indicate that users of the service can streamline processes and strengthen operational efficiency throughout the proxy voting lifecycle in South Africa

Clearstream’s GSF business contracts 5% in volume outstanding for November
14 December 2022 Luxembourg
Reporter: Carmella Haswell

Clearstream’s Global Securities Finance business declined 5 per cent YoY to €551.6 billion in volume outstanding during November, according to its monthly figures

ISDA publishes standards for verified carbon credits
13 December 2022 US
Reporter: Carmella Haswell

The documents have been designed to allow parties to accept a wide pool of VCCs for delivery and support trading of carbon credits across carbon standards and registries

Swiss banks advance tokenisation PoC as foundation for alternative financial infrastructure
13 December 2022 Switzerland
Reporter: Bob Currie

Participants indicate that trial lays foundations for an alternative Swiss post-trade infrastructure functioning without CCP or CSD, enabling reduced cost and complexity across the securities transaction lifecycle

BNY Mellon launches Korea pledge model
13 December 2022 US
Reporter: Carmella Haswell

With the Korea pledge model in triparty, BNY Mellon says that equities and Korean treasury bonds can be utilised more efficiently as collateral

LSEG partners with Microsoft to deliver cloud-based infrastructure and advances in data analytics
12 December 2022 UK
Reporter: Bob Currie

Through this strategic partnership, LSEG will enter into a 10-year commercial arrangement to migrate its data platform and tech infrastructure into Microsoft’s Azure cloud, with Azure Machine Learning working with LSEG on new gen analytics solutions

UK government launches consultation on short-selling practices
09 December 2022 UK
Reporter: Bob Currie

Through its review of the Short Selling Regulation, the government aims to gauge whether the UK’s approach to regulating the short selling of shares reflects the current circumstances of the post-Brexit UK market

UK government explores T+1 settlement potential with new taskforce
09 December 2022 UK
Reporter: Carmella Haswell

Led by Charlie Geffen, the Accelerated Settlement Taskforce will explore the potential for T+1, assess current settlement performance, and provide recommendations for the move to a faster settlement

EquiLend reports 3% YoY rise in total executed trade counts for November
09 December 2022 US
Reporter: Carmella Haswell

Head of trading solutions Mike Norwood says NGT earnings for Q3 2022 ranged from mixed to slightly negative, though figures were “better than expected” as markets face elevated inflation and continued global political uncertainty

Bosonic settles first trade using cross-custodian net settlement
09 December 2022 UK
Reporter: Lucy Carter

Decentralised financial market infrastructure business Bosonic has settled a USDC and ETH trade using cross custodian net settlement

Tradeweb reports 7.8% increase YoY in repo ADV for November
08 December 2022 US
Reporter: Carmella Haswell

Repo average daily volume traded on Tradeweb climbed 7.8 per cent YoY for November, generating US$395.6 billion