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BNY Mellon hires Lavender as global head
19 July 2022 US
Reporter: Carmella Haswell

Joshua Lavender will take on the role of global head of consultant relations for securities services and digital at BNY Mellon

FIS invests in securities finance and collateral business with new hires
19 July 2022 UK
Reporter: Carmella Haswell

John Burnett joins FIS’ European sales team, while Neil Fowler is added to the FIS Business Solutions Group as part of the firm’s investment in its securities finance and collateral business

Christophe Oleron departs from HSBC
18 July 2022 Hong Kong
Reporter: Carmella Haswell

Oleron, global head of index, exchange-traded funds and synthetic prime trading, has departed from his role at HSBC after six years with the bank

FCA fines TJM for facilitating Solo Capital cum-ex trades
18 July 2022 UK
Reporter: Bob Currie

The UK financial regulator has fined The TJM Partnership slightly more than £2 million for control failures linked to cum-ex trading and money laundering

LCH EquityClear operationalises VaR margin model for cash equities
14 July 2022 France
Reporter: Holly Shelton

LCH EquityClear goes live with its Value at Risk margin model for all unsettled cash equity positions

ESMA issues third statement on LEI requirements of SFTR
14 July 2022 EU
Reporter: Carmella Haswell

The European Securities and Markets Authority recognises a reporting implementation issue with Securities Financing Transactions, finding a significant number of issuers without an LEI

ESMA announces data reporting agencies that it will supervise directly
13 July 2022 EU
Reporter: Bob Currie

Following publication of derogation criteria under the European Commission Delegated Act in March, ESMA has identified nine data reporting service providers that it will directly regulate

ION appoints Purassanta
13 July 2022 UK
Reporter: Holly Shelton

ION welcomes Carlo Purassanta as executive vice president for strategy and corporate development

EquiLend announce DLT solution to combat recon inefficiencies
13 July 2022 US
Reporter: Bob Currie

The company’s new technology programme, 1Source, will use emerging technologies to address risk, cost and inefficiency in the securities finance industry, starting with eliminating reconciliation breaks and associated settlement fails

SDX announces tokenisation of equity shares
12 July 2022 Switzerland
Reporter: Holly Shelton

Switzerland’s SIX Digital Exchange has announced the tokenisation of equity shares in a fully regulated CSD based on DLT

BNP Paribas Securities Services hires Martin as head of New Zealand
12 July 2022 New Zealand
Reporter: Holly Shelton

BNP Paribas welcomes Iain Martin as head of New Zealand operations

ESMA consults on cash penalty procedures under CSDR
12 July 2022 EU
Reporter: SFT

The EU securities market regulator has launched a consultation to assess industry reaction to proposed changes to cash penalty procedures under the Central Securities Depositories Regulation