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RMA: Committees look to revise best practices and discover the equal balance
13 October 2022 RMA Conference 2022
Reporter: Carmella Haswell

The Risk Management Association (RMA) provided an association update in one of its afternoon panels on day one of the RMA conference, discussing the next steps for a number of its committees

RMA: Trade reporting for securities lending will come into fruition
13 October 2022 RMA Conference 2022
Reporter: Carmella Haswell

The regulatory environment continues to evolve with the need to constantly assess the impact of the current regulatory landscape. A group of panellists discussed the upcoming SEC actions relevant for banks

RMA: Pushing the envelope
13 October 2022 RMA Conference 2022
Reporter: Carmella Haswell

Stakeholders are demanding more transparency from firms in terms of DEI initiatives, as analysis indicates that 77 per cent of consumers say they are more likely to purchase from companies that share their values

J.P. Morgan appoints Moran as APAC head of client services
12 October 2022 Hong Kong
Reporter: Carmella Haswell

John Moran, former head of securities finance business development at BNY Mellon, has been appointed APAC head of client services at J.P. Morgan, bolstering the firm’s collateral team

Provable Markets facilitates first transaction on DTCC’s SFT Clearing Service
11 October 2022 US
Reporter: Carmella Haswell

Provable Markets has completed the first securities lending transaction cleared through DTCC's new Securities Finance Transaction Clearing Service, with the aid of its alternative trading system Aurora

Citi to launch 24/7 USD clearing in late 2022
11 October 2022 US
Reporter: Bob Currie

This service is designed to enable Citi’s financial institution customers to make USD payments 24 hours per day, 7 days per week including public holidays

BoE launches Temporary Expanded Collateral Repo Facility
10 October 2022 UK
Reporter: Carmella Haswell

The Bank of England has launched a Temporary Expanded Collateral Repo Facility to avoid dysfunction in core funding markets, in line with the bank’s financial stability objective

Clearstream, LBBW and Vontobel complete first digital securities issuance in Germany
10 October 2022 Germany
Reporter: Bob Currie

European issuers can now utilise Clearstream’s D7 infrastructure to issue digital securities, with LBBW and Vontobel conducting the first automated issuances in a process facilitated by Clearstream

Tradeweb daily repo volumes rise 17% in September
07 October 2022 US
Reporter: SFT

The US-based provider of electronic trading for rates, credit, equities and money markets indicates that average daily trading volume across all asset classes was up 17.2 per cent YoY to US$1.20 trillion for September

UBS fined US$2.5 million for Reg SHO failures
06 October 2022 US
Reporter: Bob Currie

FINRA has fined UBS Securities LLC US$2.5 million for Regulation SHO violations and for supervisory failings extending over a nine-year period

Delta Capita extends Yield.io technology to customers through risk management partnership
06 October 2022 UK
Reporter: Bob Currie

Through this collaboration, Delta Capita’s clients will benefit from Yield.io’s model risk management technology, enabling a user to manage model risk and to streamline model development and validation in one platform

HQLA^X, J.P. Morgan, Wematch and Ownera confirm feasibility of cross-ledger DvP repo
06 October 2022 Luxembourg
Reporter: Bob Currie

This simulated transaction demonstrated how securities ownership rights recorded on HQLA^X’s DLT-based ledger could be exchanged simultaneously against digital cash recorded on J.P. Morgan’s DLT-based book of record