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SFTS: Securities finance needs standardisation
29 November 2022 UK
Reporter: Lucy Carter

Securities finance-as-a-service, golden source transaction records and standardisation are areas of particular interest as the industry looks to the future, panelists said

Broadridge and SLIB go-live with voting solution for French market
29 November 2022 France
Reporter: Carmella Haswell

The solution aims to provide firms with an efficient, streamlined process throughout the vote processing lifecycle. With an automated and digital approach, Broadridge says the solution will reduce exposure to operational and regulatory risk

Swift Go adds more than 300 banks over 120 countries during 2022
29 November 2022 Belgium
Reporter: Bob Currie

This solution aims to deliver speed and transparency to payments of up to US$10,000, enabling users to send USD, GBP and EUR payments cross-border with a breakdown of how much it will cost them in deductions before they execute

S&P Global Market Intelligence collaborates with GLEIF
29 November 2022 Switzerland
Reporter: Carmella Haswell

The move is designed to increase broad accessibility to key entity identifiers used globally, to promote interoperability between parallel identifier systems, and to help streamline entity verification processes for data consumers everywhere

CIBC Capital Markets appoints Crispo
28 November 2022 US
Reporter: Carmella Haswell

CIBC Capital Markets, a provider of equity finance, corporate banking and trading, has hired Pasquale Crispo as an executive director for equity finance sales trading

Wells Fargo hires Rosenholz
28 November 2022 US
Reporter: Carmella Haswell

Financial services company Wells Fargo has appointed Leo Rosenholz as a director within the firm’s securities lending demand trading team

SIX appoints Gomm
25 November 2022 UK
Reporter: Carmella Haswell

Richard Gomm has left his position as director of product management at CloudMargin and will join SIX as senior product manager, clearing services

ICMA and ISDA to combine CDM model
25 November 2022 Switzerland
Reporter: Carmella Haswell

The move, expected in the coming weeks, will allow members of the associations access to one, single model that supports different repo structures and bond settlement, securities lending and derivatives.

SFTS: 2023 could see the return of pre-2008 crisis markets
25 November 2022 UK
Reporter: Carmella Haswell

Collateral scarcity may no longer be a talking point for the industry in 2023 and market participants could begin to see a return to pre-financial crisis markets, said Gareth Jones, CEO of Euroclear GlobalCollateral

SFTS: Repo market is crucially important and prone to vulnerabilities
24 November 2022 UK
Reporter: Carmella Haswell

Repo is the cornerstone of the financial system, a market which has become essential for liquidity and collateral management — “if the repo market does not work, none of it works,” said ICMA senior director Andy Hill

DLT is not a solution for every problem, SFT Technology Symposium panellists warn
24 November 2022 UK
Reporter: Lucy Carter

Banks must find valid DLT use cases that work for them, said panellists during the ‘Digital Assets in Securities Finance’ panel

SFTS: UMR Phase 6 is not an ‘endpoint’ as firms are set to onboard late
24 November 2022 UK
Reporter: Carmella Haswell

Phase 6 of the Uncleared Margin Rules is expected to continue for a “long period of time” as approximately 900 firms are in the monitoring phase and are not “fully engaged” in UMR