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Wells Fargo hires Rosenholz
28 November 2022 US
Reporter: Carmella Haswell

Financial services company Wells Fargo has appointed Leo Rosenholz as a director within the firm’s securities lending demand trading team

ICMA and ISDA to combine CDM model
25 November 2022 Switzerland
Reporter: Carmella Haswell

The move, expected in the coming weeks, will allow members of the associations access to one, single model that supports different repo structures and bond settlement, securities lending and derivatives.

SFTS: 2023 could see the return of pre-2008 crisis markets
25 November 2022 UK
Reporter: Carmella Haswell

Collateral scarcity may no longer be a talking point for the industry in 2023 and market participants could begin to see a return to pre-financial crisis markets, said Gareth Jones, CEO of Euroclear GlobalCollateral

SFTS: Repo market is crucially important and prone to vulnerabilities
24 November 2022 UK
Reporter: Carmella Haswell

Repo is the cornerstone of the financial system, a market which has become essential for liquidity and collateral management — “if the repo market does not work, none of it works,” said ICMA senior director Andy Hill

DLT is not a solution for every problem, SFT Technology Symposium panellists warn
24 November 2022 UK
Reporter: Lucy Carter

Banks must find valid DLT use cases that work for them, said panellists during the ‘Digital Assets in Securities Finance’ panel

SFTS: UMR Phase 6 is not an ‘endpoint’ as firms are set to onboard late
24 November 2022 UK
Reporter: Carmella Haswell

Phase 6 of the Uncleared Margin Rules is expected to continue for a “long period of time” as approximately 900 firms are in the monitoring phase and are not “fully engaged” in UMR

“Nothing moves that quickly” when it comes to regulation, SFT Technology Symposium panelist says
23 November 2022 United Kingdom
Reporter: Lucy Carter

During the ‘Regulation’ panel, speakers discussed the current state of regulation in the industry, including the relationships between regulators and the market, what clients are looking for and what might lie ahead

ISLA releases report on proposed GMSLA changes
22 November 2022 UK
Reporter: Lucy Carter

The International Securities Lending Association has published a paper investigating the changes that will need to be made to the Global Master Securities Lending Agreement to allow for market engagement with digital assets

LCH appoints Mernagh
21 November 2022 UK
Reporter: Carmella Haswell

James Mernagh will join LCH as director of RepoClear specialist sales

UK financial authorities complete operational resilience simulation exercise
18 November 2022 UK
Reporter: Bob Currie

The two-day simulation, known as SIMEX 22, targeted systemic risks and potential improvements to the financial sector’s collective response capabilities

ESMA grants third-country CCP recognition to Bursa Malaysia Derivatives Clearing
17 November 2022 Malaysia
Reporter: Bob Currie

Bursa Malaysia Derivatives explains that this will improve the exchange’s access to Europe’s investment communities, while European counterparties will find it easier and more cost effective to trade and clear through the Kuala Lumpur-based exchange

Macquarie Group hires Hallam
17 November 2022 UK
Reporter: Carmella Haswell

Ian Hallam, former trader at Société Générale and Commerzbank AG, joins the global financial services group as equity finance and Delta One trader