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BNY Mellon employs Baton Core-Collateral in its collateral optimisation platform
07 December 2022 US
Reporter: Bob Currie

Collaboration will provide access to Baton System’s global CCP network alongside BNY Mellon’s Enterprise Continuous Portfolio Optimisation service to improve collateral velocity and reduce funding costs

Global securities finance revenues rise 13% YoY for November
06 December 2022 US
Reporter: Carmella Haswell

S&P Global Market Intelligence reports that global securities finance revenues have increased 13 per cent year-on-year to US$1.005 billion

Mirae Asset Securities appointed clearing broker for Cboe’s trading platform
06 December 2022 US
Reporter: Carmella Haswell

The New York-based institutional capital markets platform will ensure anonymity on Cboe’s US treasuries trading platform, with all trades facing Mirae and settling against the FICC

Global securities finance industry generates US$811 million for November, says DataLend
05 December 2022 US
Reporter: Carmella Haswell

The global securities finance industry generated US$811 million in revenue for lenders in November 2022, a 3 per cent year-over-year increase from November 2021

Women in Securities Finance ring Toronto Stock Exchange opening bell
05 December 2022 Canada
Reporter: Carmella Haswell

Women in Securities Finance have rung the Toronto Stock Exchange opening bell, one of many events celebrating the organisation’s five-year anniversary

APAC attains US$310.9 billion in outstanding repo value, says ICMA
05 December 2022 Asia-Pacific
Reporter: Carmella Haswell

The survey, covering the Asia-Pacific non-Japan region, reveals a 48.3 per cent YoY rise in average daily turnover for repo transactions to US$43 billion, with intra-regional activity rising at the expense of trading with non-APAC counterparties

HQLA^X and Fnality deliver cross-blockchain repo swap pilot
05 December 2022 London, Luxembourg
Reporter: Bob Currie

The PoC was conducted with Banco Santander, Goldman Sachs and UBS as project participants and delivered by linking HQLA^X with the Ecosystem TestNet environment, used to simulate the Fnality Payment System

ECMS postponed until April 2024
05 December 2022 EU
Reporter: Bob Currie

The ECB has postponed the launch of the Eurosystem Collateral Management System by almost six months to avoid potential friction caused by delayed release of the T2 RTGS payments system

OCC cleared securities lending volume climbs 8.6% for November
02 December 2022 US
Reporter: SFT

Securities lending volumes cleared through OCC have grown to 188, 346 transactions for November, but average daily loan value for securities lending trades has fallen 19.31 per cent YoY to US$111.6 billion

OCC names Thakkar as chief risk officer
02 December 2022 US
Reporter: Carmella Haswell

Vishal Thakkar is responsible for implementing OCC’s risk management framework and serves on the Management Committee

GLMX reaches US$1 trillion in daily balances
01 December 2022 US
Reporter: Carmella Haswell

Growth has been driven by new and existing client activity globally across a broad collateral set, with the balance split equally between flow coming from North America and EMEA

ESMA backs actions of Irish and Luxembourg regulators on LDI fund resilience
01 December 2022 Ireland, Luxembourg
Reporter: Bob Currie

The Central Bank of Ireland and Commission de Surveillance du Secteur Financier yesterday wrote to managers of GBP LDI funds outlining actions to protect fund resilience, including the impact of market shocks on collateral calls and forced sales