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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

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

Mizuho welcomes Patel as head of repo trading
20 December 2022 UK
Reporter: Carmella Haswell

Vivek Patel has promoted to head of repo trading at Mizuho as the firm looks to expand its repo capability across the banking and securities units in EMEA

ESMA provides clarity on EMIR Refit
20 December 2022 Europe
Reporter: Carmella Haswell

The guidelines provided by the financial markets regulator aim to enhance the harmonisation and standardisation of reporting under the upcoming European Market Infrastructure Regulation

Rest Super joins GPFA
19 December 2022 Australia
Reporter: Carmella Haswell

Australian superannuation Rest Super joins the beneficial owner association with more than 30 other active buy-side organisations involved in the securities financing markets

Yawar Shah retires from Swift board
16 December 2022 Belgium
Reporter: Bob Currie

Shah will step down from the Swift board of directors after 16 years as chair but will continue as managing director in Citi’s institutional clients group

ESMA issues guidance on DLT-based market infrastructure
16 December 2022 EU
Reporter: Bob Currie

These guidelines provide templates for applications to operate any form of DLT market infrastructure under the DLT Pilot Regulation, including a DLT MTF, a DLT settlement system or a DLT trading and settlement system

SEC proposes shake up of best execution rules
15 December 2022 US
Reporter: Bob Currie

The US Securities and Exchange Commission has proposed implementation of a best execution regulatory framework that will fall under the Commission’s own rule-book, along with steps to tighten up insider-trading rules

Cum-ex lawyer Hanno Berger given eight-year sentence
15 December 2022 Germany
Reporter: SFT

In a decision announced yesterday in the Bonn courts, Berger has also been required to repay more than €13.5 million that he was deemed to have generated illegally through cum-ex trading and tax improprieties

Sharegain appoints Finkel
14 December 2022 UK
Reporter: Carmella Haswell

Ahikam Finkel joins the firm as vice president of research and development, where he will draw on 20 years of experience to scale and manage Sharegain’s R&D capabilities