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State Street to acquire BBH
07 September 2021 UK
Reporter: Jenna Lomax

Following the transaction, State Street will take over BBH’s Investor Services business, including its securities lending, custody, accounting, fund administration, global markets and technology services, for US $3.5 billion

Sharegain hires Alex Panaite Fornari
07 September 2021 UK
Reporter: Carmella Haswell

Sharegain appoints Alex Panaite Fornari as general counsel

Euroclear appoints new CEO for ESES CSDs
06 September 2021 Belgium
Reporter: Jenna Lomax

Since 2017, Eliet has been head of regulatory, compliance and public affairs for Euroclear

Sabrina Wilson exits Citi
03 September 2021 UK
Reporter: Jenna Lomax

Sabrina Wilson, global co-heads of futures, over-the-counter clearing (OTC) and foreign exchange prime brokerage at Citi has stepped down from her role weeks after former co-head Perkins resigned

OCC securities lending average daily loan value up 84 per cent YoY
03 September 2021 US
Reporter: Carmella Haswell

Average daily securities lending value at OCC has risen 84 per cent YoY to US$126tn. Sec lending CCP activity up 60 per cent YoY in new loans

SIX to acquire 50% stake in REGIS-TR from Clearstream
03 September 2021 Switzerland
Reporter: Carmella Haswell

BME’s Iberclear will become the sole shareholder of REGIS-TR and continue to grow the existing business

BIS Innovation Hub to test use of CBDCs for international settlements with four central banks
03 September 2021 Singapore
Reporter: Bob Currie

Project Dunbar will develop prototypes for shared platforms supporting international settlement in central bank digital currencies. Testing will run with central banks in Australia, Malaysia, Singapore and South Africa

India’s central bank working with ICSDs on international settlement of government bonds
02 September 2021 India
Reporter: Bob Currie

Reserve Bank of India in dialogue with ICSDs to allow international settlement of government securities. Governor urges steps to stimulate institutional lending of government securities

Abu Dhabi exchange to launch derivatives market
02 September 2021 Abu Dhabi
Reporter: Bob Currie

Nasdaq will partner with Abu Dhabi Securities Exchange to support single-stock futures and index futures from Q4, along with central counterparty clearing for derivatives contracts

Banco Santander bolsters securities finance team
02 September 2021 UK
Reporter: SFT

"Simon Picton has extensive experience in secured funding strategy, client financing and securities lending," says Javier Gozalo de la Cruz

Euroclear, BNY Mellon and J.P Morgan discuss future of collateral usage onshore at PASLA event
01 September 2021 Hong Kong
Reporter: Carmella Haswell

A PASLA webinar discussed the future of onshore development and complexities facing asset owners, with speakers Joseph Tan, chief representative at Euroclear, Greig Ramsay, BNY Mellon product manager and Bhavna Haswani J.P. Morgan product manager.

Securities lending revenue rises 51% YoY for August
01 September 2021 US
Reporter: Carmella Haswell

The increase in lender-to-lender broker revenue over 2020 was driven by an increase in fees and balances in global equities, with several high-profile IPOs and SPAC mergers trading hot