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European Repo Survey reports 5.4% rise in outstanding repo value in 6 months to Dec 2021
21 April 2022 Europe
Reporter: Bob Currie

Total repo contract value outstanding on the books of 57 firms responding to the latest European Repo and Collateral Council (ERCC) survey has grown to a record €9.2 billion, rising from €8.7 billion in the June 2021 survey and up 11 per cent YoY

Legal opinion updates released for GMSLA and GMRA
20 April 2022 Global
Reporter: SFT

ISLA and ICMA have released updates to legal opinions for the Global Master Securities Lending Agreement and Global Master Repurchase Agreement, the most widely used legal agreements for securities lending and repo transactions

Katelyn Smith joins MUFG
19 April 2022 US
Reporter: Carmella Haswell

Smith joins the Mitsubishi UFJ Trust and Banking Corporation’s New York office as assistant vice president

European Commission launches consultation to improve WHT refund procedures for cross-border investors
14 April 2022 EU
Reporter: Bob Currie

The consultation, which extends until 24 June, aims to strengthen controls to prevent cum-ex fraud and to digitalise procedures for WHT reclamation

PolySign set to acquire digital fund administrator MG Stover
14 April 2022 United States
Reporter: Jenna Lomax

US technology company PolySign is to acquire digital fund administrator MG Stover to offer its institutional investor clients a custody and administration offering for cryptocurrency and digital assets. The acquisition is expected to complete in Q2 2

PASLA welcomes new executive committee members
13 April 2022 Asia Pacific
Reporter: Carmella Haswell

Sean Greaves, Karim Chabane and Poya Bozorgi have been appointed as executive committee members at the Pan-Asia Securities Lending Association

Everaert and Beattie appointed heads at CME
12 April 2022 Global
Reporter: Carmella Haswell

Michel Everaert joins CME Group as head of EMEA at CME’s London office, while Russell Beattie becomes head of Asia Pacific at the firm’s Singapore branch

DTCC and Digital Dollar Project test CBDC in trade clearing and settlement
12 April 2022 US
Reporter: Bob Currie

The Depository Trust and Clearing Corporation has released a prototype, developed in collaboration with The Digital Dollar Project, to examine how a central bank digital currency (CBDC) may operate in the US clearing and settlement infrastructure

Provable Markets forms alliance with FIS
12 April 2022 US
Reporter: Carmella Haswell

The partnership will integrate Provable Markets’ Aurora service and FIS’ Securities Lending Processing Platform, to allow NSCC members and sponsored access firms entry to DTCC’s SFT Clearing Service

Goldman Sachs completes acquisition of NN Investment Partners
11 April 2022 US
Reporter: Carmella Haswell

The €1.7 billion agreement will integrate NN Investment Partners into GSAM, with the Netherlands becoming an important location in Goldman Sachs’ European business and a ‘centre of excellence’ for sustainability in public markets investing

RepoClear cleared nominal hits new Q1 highs at Ltd and SA
08 April 2022 UK, France
Reporter: Bob Currie

Combined activity across RepoClear’s Paris and London operations reached a record €67.47 trillion in cleared nominal for Q1 2022, as post-Brexit regulatory recognition extended for LCH Ltd and SA

Geoffrey King joins Lord Abbett
08 April 2022 US
Reporter: Carmella Haswell

King, former head of North American fixed income securities lending trading at Blackrock, will join Lord Abbett as G10 rates and derivatives trader