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EC will not act on BaFin’s Wirecard negligence in 2021
17 February 2021 Belgium
Reporter: Drew Nicol

The European Commission says it will not act on the ESMA’s findings of German regulatory negligence over Wirecard until domestic investigations conclude next year

Short seller takes one for the team
17 February 2021 US
Reporter: Alex Pugh

Hindenburg Research is making the positive case for activist short sellers by releasing a report into a healthcare firm it says is defrauding elderly customers and misleading retail investors, while refusing to profit from a short position

BNY Mellon tackles settlement failures with Google Cloud
16 February 2021 US
Reporter: Drew Nicol

The bank says the Google Cloud-powered tools could help clients forecast 40 per cent of daily settlement failures in the US treasury market which sees roughly 2 per cent of trades fail per day

US financial services committee names witnesses for GameStop hearing
15 February 2021 US
Reporter: Alex Pugh

Representatives from Melvin Capital, Robinhood, Reddit, and Citadel are among those due to testify at this week’s US House Committee on Financial Services’ GameStop hearing on “predatory” short selling

AFME: CSDR’s SDR mandatory buy-ins present ‘significant risk’ to Europe’s COVID recovery
12 February 2021 UK
Reporter: Becky Bellamy

AFME highlights the risk of mandatory buy-ins to Europe’s economic recovery from the pandemic and calling for the measure to be removed from the upcoming CSDR

BNY Mellon creates digital assets unit
12 February 2021 US
Reporter: Maddie Saghir

The unit will help clients address growing and evolving needs related to the growth of digital assets including cryptocurrencies, says the bank

International brokers sued over naked short selling allegations
12 February 2021 US
Reporter: Alex Pugh

A Bermuda-based hedge fund has filed a suit in a New York court alleging that CIBC, Bank of America, UBS and TD Bank gamed the market causing shares it held in a major pharmaceutical to tumble in 2016

After GameStop, don’t shut-out day traders, says ISLA CEO
12 February 2021 UK
Reporter: Drew Nicol

“Opening-up of markets to retail investors must include a commitment from regulators and politicians to empower its citizens through the development of greater financial fluency, that will build the trust that is needed for these markets to reach the

GLEIF lays out digital LEI specs
11 February 2021 Switzerland
Reporter: Drew Nicol

The Financial Stability Board-backed foundation has released the technology underpinning its new blockchain-friendly verifiable legal entity identifier

Eurex Lending CCP to close
11 February 2021 Germany
Reporter: Drew Nicol

Alongside unsustainable volumes on the Lending CCP, Eurex has cited external hurdles including new regulations, Brexit and the COVID-19 pandemic as driving down clearing adoption on the priority lists of potential clients

Euronext reports exceptional surge on its post trade revenue
11 February 2021 The Netherlands
Reporter: Natalie Turner

Higher clearing revenue and consolidation of Danish CSD VP Securities drove a 69.1 per cent increase in post trade revenue

Ample IPOs should drive bumper revenue in 2021, says Northern Trust
10 February 2021 US
Reporter: Alex Pugh

In a recent Northern Trust webinar, the bank's head of North American equity securities lending trading predicted that a surplus of capital and the pent-up IPO and M&A pipeline from 2020 will bring a flurry arbitrage opportunities