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Trade associations appoint FINOS for CDM repository
07 September 202 US, UK, EU
Reporter: Klea Neza

The Fintech Open Source Foundation will provide a repository to foster the growth of an open-source community for the Common Domain Model, with hopes to migrate to FINOS by 2023

Northern Trust appoints Poulter
07 September 2022 US
Reporter: Lucy Carter

Northern Trust has welcomed a series of hires within its global capital markets business, and has also established a dedicated capital markets client solutions team

PGGM becomes GPFA member
06 September 2022 Netherlands
Reporter: Carmella Haswell

Netherlands-based pension fund service PGGM has become the 28th GPFA member globally, aiding GPFA’s further expansion into Europe

Bondswell leaves FIS
06 September 2022 UK
Reporter: Klea Neza

Michael Bondswell has departed from FIS as senior sales executive and joins US stock exchange Nasdaq

Basel changes could trigger 35% decline in sec lending income for Europe’s buy-side
06 September 2022 Europe
Reporter: Bob Currie

New EU capital rules scheduled for 2025 could result in up to a 500% capital cost increase for banks of engaging in securities financing trades with pension and mutual funds, according to research from Credit Benchmark

Global securities lending revenue rises 10% YoY for August, says DataLend
06 September 2022 US
Reporter: Carmella Haswell

The global securities finance industry generated US$878 million in revenue for lenders in August 2022, representing a 6 per cent decrease from July 2022, according to DataLend

Morgan Stanley appoints Hillier
05 September 2022 UK
Reporter: Carmella Haswell

Denise Hillier, former relationship manager at BlackRock, has joined the Financing and Collateral Operations team at Morgan Stanley

OCC cleared securities lending volume up 20.4% YoY
02 September 2022 US
Reporter: Carmella Haswell

Cleared transaction volumes for securities lending are on the rise, but the average daily loan value has fallen 4.54 per cent to US$120.49 billion for August 2022

BNP Paribas hires Reddy as head of securities services India
02 September 2022 India
Reporter: Carmella Haswell

Dodla Rohit Reddy has been promoted to head of securities services India at BNP Paribas, where he will develop new business opportunities in this important market for the bank

EXCLUSIVE: State Street hires Schuetze to head financing solutions Europe
01 September 2022 Europe
Reporter: Carmella Haswell

Christian Schuetze, former head of cross-asset secured financing sales at Societe Generale, has joined State Street Bank International as head of financing solutions Europe

UMR Phase 6 implemented today
01 September 2022 Europe
Reporter: Lucy Carter

The last element of a gradual rollout, UMR Phase 6 extends compliance requirements to firms with total notional exposure of €8 billion

ASIC warns brokers considering high-risk offers on securities lending
31 August 2022 Australia
Reporter: Carmella Haswell

To broaden their revenue base, some brokers are seeking to offer retail investors high-risk products or services that may be unfair, inappropriate or result in poor outcomes, according to ASIC