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Clearstream releases Collateral Mapper to enhance utilisation of equity collateral
27 March 2023 Luxembourg Germany
Reporter: Bob Currie

Collateral Mapper delivers an integrated view of the collateral inventory and offers pre-emptive insights on the potential of an equity portfolio using automated workflow

LCH SwapAgent welcomes first buy-side client
24 March 2023 UK
Reporter: Carmella Haswell

BlueCrest Capital Management joins the LCH SwapAgent service, which is designed to simplify processing, margining and settlement of uncleared derivatives

Euroclear selects Reece to head new collateral management unit
23 March 2023 UK
Reporter: Carmella Haswell

Former J.P. Morgan veteran Mike Reece has joined Euroclear’s Collateral Highway management team as head of collateral management client services and operations

Strong improvement in capital reserves and liquidity risk profiles key to banking resilience, says BCBS
23 March 2023 Switzerland
Reporter: SFT

Since 2011, banks’ leverage ratio has improved from 3.5 to 6.5 per cent and their risk-based common equity tier 1 ratio (CET1) has risen from 7 to 13 per cent, according to Basel Committee

ESMA goes live with DLT pilot
23 March 2023 Europe
Reporter: Carmella Haswell

The pilot builds on the existing MiFIR regulation to include tokenised financial instruments. This aims to bring pre- and post-trade transparency and market abuse monitoring to DLT-based securities

Global PSSL welcomes Grego as advisor
22 March 2023 US
Reporter: Justin Lawson

Gabriel Grego, founder and managing partner of Quintessential Capital, will act as an advisor on long and short investments for the Global Principles for Sustainable Securities Lending organisation

Eurex becomes first European exchange to launch Bitcoin index futures
22 March 2023 Germany
Reporter: Carmella Haswell

Launching FTSE Bitcoin Index Futures is a “major milestone” for the exchange as Eurex seeks to offer safe and trusted access to cryptocurrencies in a regulated market environment

BNY Mellon promotes Faessle-Martini
21 March 2023 Germany
Reporter: Carmella Haswell

Alessia Faessle-Martini is appointed vice president and relationship manager within the firm’s Clearance and Collateral Management division

EU supervisors confirm ranking in resolution waterfall following Credit Suisse takeover
21 March 2023 Switzerland
Reporter: Bob Currie

The EU Single Resolution Board (SRB) has issued a statement confirming that holders of Additional Tier 1 (AT1) instruments should rank ahead of holders of common equity in case of resolution or insolvency of a banking institution in the Banking Union

Natixis picks Adenza’s solution to automate regulatory reporting in Hong Kong
20 March 2023 France
Reporter: Jenna Lomax

The Adenza solution fully automates the regulatory reporting process by integrating, managing and reconciling volumes of disparate data

Central banks take action to enhance US dollar repo operations
20 March 2023 Global
Reporter: Carmella Haswell

The Bank of England will increase the frequency of seven-day maturity US dollar repo operations from weekly to daily, commencing on Monday 20 March 2023, as markets react to Credit Suisse troubles

UBS set to take over Credit Suisse in “emergency rescue”
20 March 2023 Switzerland
Reporter: Jenna Lomax

The mandate was signed without approval of shareholders, under emergency orders issued by the Swiss Federal Council, yesterday (Sunday 19 March)