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SFTs are risky, complex and difficult to understand for some retail clients, says ESMA
13 July 2023 Europe
Reporter: Carmella Haswell

The European authority has released a public statement highlighting the risks of securities lending in regards to retail client financial instruments, and how MiFID II rules apply to protect investors

SEC raises minimum liquidity provisions for MMFs
13 July 2023 US
Reporter: SFT

These amendments, the SEC says, are designed to reduce the risk of investor runs on MMFs during periods of market stress by boosting MMF liquidity, improving transparency and reinforcing anti-dilution practices

JSF and University of Tokyo release report on DLT
13 July 2023 Japan
Reporter: Jamie Richards

Japan Securities Finance Co. and The University of Tokyo’s Graduate School of Engineering have collaborated on a report on the use of distributed ledger technology in securities finance transactions

Clearstream GSF volumes outstanding increase 15% YoY for June
12 July 2023 Luxembourg
Reporter: Jamie Richards

Clearstream’s global securities financing business recorded a 15 per cent YoY increase in volumes outstanding to €681.1 billion for June, according to recent monthly figures

ISDA appoints Shone to lead data and digital product strategy
12 July 2023 UK
Reporter: Carmella Haswell

David Shone, former director of digital affairs at the International Securities Lending Association, will join the International Swaps and Derivatives Association to lead the product vision, strategy and execution for ISDA’s data and digital products

UK government proposes changes to short selling rules
12 July 2023 UK
Reporter: Bob Currie

This announcement extends HMT proposals advanced under the December 2022 “Edinburgh Reforms” that are designed to exploit the UK’s exit from the European Union to develop its own UK-tailored financial services legislation

HQLA^x appoints Paul to lead client onboarding team
11 July 2023 UK
Reporter: Carmella Haswell

Anand Paul, former programme manager at Credit Suisse, has joined HQLA^x to lead its client onboarding team

ESMA publishes manual on post-trade transparency
11 July 2023 EU
Reporter: Jamie Richards

The European Union’s financial markets watchdog has published a guide to post-trade transparency requirements and guidance regarding how to apply commitments under the Markets in Financial Instruments Regulation in a consistent way

GPFA appoints Borgquist
11 July 2023 Abu Dhabi
Reporter: Jamie Richards

The Global Peer Financing Association has welcomed Amy Borgquist as head of international (outside North America)

Dinosaur Merchant Bank hires Fuller
11 July 2023 UK
Reporter: Carmella Haswell

Scott Fuller joins the international investment bank’s prime brokerage sales team where he will bring more than 36 years of experience within the financial services industry

GLEIF selects Glasser as new chair
10 July 2023 Switzerland
Reporter: Carmella Haswell

T. Dessa Glasser is an existing GLEIF board member and chair of the organisation’s risk committee, as well as principal of the Financial Risk Group

BNP Paribas appoints Friess and Durif
10 July 2023 EU
Reporter: Jamie Richards

The Paris-based securities services business has appointed Jean-Marc Friess and Thomas Durif as co-heads for data and digital services