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Goldman Sachs takes full ownership of China joint venture
18 October 2021 China
Reporter: Carmella Haswell

The US investment bank becomes the second foreign financial institution to take full ownership of its joint venture in China after J.P. Morgan Chase was granted approval in August

Aon names new securities lending practice lead
18 October 2021 US
Reporter: Rebecca Delaney

Aon has appointed Tom Daniels as practice lead for securities lending and asset management consulting within its custody advisory services group

LCH includes SGD government securities and cash as eligible collateral
18 October 2021 Asia-Pacific
Reporter: Bob Currie

Widening of collateral eligibility follows 24-hour opening at SwapClear as part of steps to improve clearing access for Asia-Pacific clients

ESMA appoints Verena Ross as chair
15 October 2021 EU
Reporter: Bob Currie

German national Ross served as ESMA executive director from 2011 to 2021 and previously held regulatory positions in London

State Street Digital appointed by DSDC
15 October 2021 US
Reporter: Carmella Haswell

The Digital Securities Depository Corporation will receive safekeeping, transaction settlement, dividend collection, and FX payment services from State Street Digital

SuMi TRUST Bank adopts Global PSSL principles
14 October 2021 US
Reporter: Carmella Haswell

The Global Principles for Sustainable Securities Lending has been adopted as part of Sumitomo Mitsui Trust Bank’s Multi-stakeholder Dialogue

Gilded appoints Gerry Tamburro to head of financing and collateral solutions
14 October 2021 US
Reporter: Carmella Haswell

Gerry Tamburro, a former managing director of BNY Mellon’s Pershing, UBS and Lehman Brothers, will take on Gilded’s US office

First Derivative appoints Johnny Mattimore as global head of risk and sustainable finance
13 October 2021 UK
Reporter: Carmella Haswell

Johnny Mattimore will lead a global team supporting clients across financial and non-financial risk management, including the integration of ESG risk management strategies and goals

ICMA to launch GMRA clause library and taxonomy project
13 October 2021 UK
Reporter: Carmella Haswell

The International Capital Market Association will carry out a four-month initiative to improve efficiencies in the process of negotiating and managing repurchase transaction documentation

Nationwide selects BNP Paribas for collateral management services
13 October 2021 France
Reporter: Maddie Saghir

The triparty collateral management services will help Nationwide meet its obligations under Wave 5 of the initial margin rules

EquiLend reports strong September for securities lending volumes
13 October 2021 US
Reporter: Carmella Haswell

NGT platform revealed a record-high trading day on 21 September with more than 126,000 transactions executed worth US$173 billion

State Street expands Direct Access Lending
12 October 2021 US
Reporter: Carmella Haswell

The peer-to-peer securities finance product will now allow borrowers to post US convertible bonds as collateral to facilitate new clients and strategies entering the programme