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SEC proposes amendments to rules concerning funds incorporation of ESG factors
27 May 2022 United States
Reporter: Jenna Lomax

The U.S. Securities and Exchange Commission has proposed amendments to rules and reporting forms to promote consistent, comparable, and reliable information for investors concerning funds’ and advisers’ incorporation of ESG factors

Reporting entities launch APARMA association
27 May 2022 United Kingdom
Reporter: Jenna Lomax

Six of the industry’s leading institutions have launched the Approved Publication Arrangements and Approved Reporting Mechanisms association, to be more commonly known as APARMA

J.P. Morgan processes transaction settlement using tokenised MMFs as collateral
26 May 2022 US
Reporter: Bob Currie

Developed jointly by J.P. Morgan Collateral Services and Onyx, the transaction utilises a new blockchain-based application, the Tokenised Collateral Network. J.P. Morgan now plans to extend the model to tokenised equities, FI and other assets

LiquidityBook appoints Jonathan Cross to head EMEA team
26 May 2022 UK
Reporter: Jenna Lomax

LiquidityBook has appointed Jonathan Cross as general manager, Europe, Middle East and Africa

ICMA releases report on digitising repo market legal documentation
25 May 2022 Global
Reporter: Bob Currie

The report, issued in collaboration with D2 Legal Technology, evaluates work done on the GMRA Clause Library and Taxonomy and outlines the next stages of the project

SEC charges US-broker TradeZero with misleading customers over meme stock trading
25 May 2022 US
Reporter: Bob Currie

The US securities market regulator alleges that TradeZero and its co-founder Daniel Pipitone misled customers by stating that they did not restrict customer purchases of meme stocks

Linklaters and ISLA sign MOU to automate sec lending documentation
25 May 2022 UK
Reporter: Carmella Haswell

The memorandum of understanding will allow the automation of securities lending documents on the CreateiQ contract automation platform

SFTS: Securities lending, TRS and repo are still in the Dark Ages
25 May 2022 United Kingdom
Reporter: Jenna Lomax

“Securities lending, total return swaps and repo is still in the Dark Ages,” said panellist Shane Martin of Wematch.live, when commenting on manual processes in trading at this years’ Securities Finance Technology Symposium

APG appoints Eurex for repo clearing
24 May 2022 Germany
Reporter: Bob Currie

Eurex will connect Dutch pension fund asset manager APG, with approximately €600 billion AUM, to its ISA Direct repo clearing service from mid-June. It plans to release its ISA Direct Indemnified model in July

SFTS: Securities finance ‘behind the technology curve’
23 May 2022 UK
Reporter: Carmella Haswell

The “FutureTech” session of the Securities Finance Technology Symposium revealed an industry need for further transformation and innovation

Zodia Custody links to Fireblocks network
23 May 2022 UK, US
Reporter: SFT

Zodia Custody, a Standard Chartered Bank subsidiary, has extended access for its institutional customers to the Fireblocks Network, providing linkage to more than 1000 liquidity providers, lending desks, trading venues and counterparties

Christian Schuetze to leave Societe Generale
19 May 2022 Germany
Reporter: Carmella Haswell

Schuetze is set to depart from the French bank after eight years as head of cross-asset secured financing sales for Germany and Austria to pursue other opportunities