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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)

Tonic appoints Churchill as global head of delivery
17 March 2023 UK
Reporter: Carmella Haswell

Charles Churchill joins Tonic with more than 15 years of experience in consultancy and leadership positions. He will play a crucial role in Tonic’s ongoing expansion and will strengthen the firm’s capabilities in delivering capital markets projects

European Repo Survey reveals new record high for outstanding repo value
17 March 2023 Europe
Reporter: Carmella Haswell

The total value outstanding of repos and reverse repos on the books of 61 institutions that took part in the survey hits a record high of €10,374.2 billion, a 12.8 per cent rise YoY and 7.2 per cent rise from the June 2022 survey

PASLA backs Korea Exchange CEO’s stance on short selling
17 March 2023 Korea
Reporter: Carmella Haswell

Removing short-selling restrictions will boost liquidity and improve price discovery, according to a PASLA representative

Tradeweb appoints Cook
16 March 2023 UK
Reporter: Carmella Haswell

Tim Cook joins the global operator of electronic marketplaces for rates, credit, equities and money markets as director of emerging markets