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FICC board CEO Martin Pluves to step down
01 February 2021 US
Reporter: Drew Nicol

Pluves, who has held the CEO post since 2019 following a decade at LCH, will stay on until the Spring, to allow the board time to find a successor

Qomply-Bovill partner for MiFIR reporting solution
01 February 2021 UK
Reporter: Natalie Turner

The partners aim to save firms from FCA fines after 362 firms were found to have submitted errors and omissions in their MiFID II reports between January and the end of October last year.

SEC fires warning shot at Robinhood for GameStop buy ban
29 January 2021 US
Reporter: Natalie Turner

The US SEC has offered a thinly-veiled warning to Robinhood that it will be investigating its decision to ban investors from buying several stocks that have surged in recent weeks

After GameStop backlash, Citron Research will no longer release short reports
29 January 2021 US
Reporter: Drew Nicol

Citron Research will stop publishing short seller reports after 20 years, with Andrew Left claiming “it’s completely lost its focus”, in recent years

Broadridge and Third Economy launch ESG advisory services
29 January 2021 US
Reporter: Natalie Turner

Broadridge has partnered with sustainable investment research firm Third Economy to provide a new offering to better help companies and investors enhance their ESG programmes

Congresswoman Maxine Waters: “Predatory short selling of pension funds must stop”
29 January 2021 US
Reporter: Drew Nicol

The chair of the House Committee on Financial Services is launching a campaign to stop “private funds preying on the pension funds of hard-working Americans” in the wake of the GameStop short squeeze

GameStop: The real data story and what it means for securities lending
28 January 2021 US
Reporter: Drew Nicol

GameStop’s skyrocketing share price, led by retail investors mobilised on a Reddit forum, has captured the world’s attention with headlines citing short sellers' losses running into the billions of dollars, but does this tell the whole story?

Broadridge to become an approved SFT submitter for DTCC
28 January 2021 UK
Reporter: Natalie Turner

Broadridge is building and testing in its role as an SFT submitter for the new SFT clearing service offered by DTCC’s NSCC, which is expected to launch in Q3

MarketAxess reveals 2020 Regulatory Reporting Hub and SFTR profits and costs
28 January 2021 US
Reporter: Drew Nicol

The firm’s post-trade business now boasts almost 1,000 active clients, including more than 500 new firms brought onboard as part of the RRH deal

AccessFintech secures two senior hires
28 January 2021 UK
Reporter: Natalie Turner

Access Fintech has appointed Paynter Higgins from Collibra and Sarah Lloyd Parry from Avora to its executive management team to “support the company’s next stage of growth”

EU accepts US CCP regulatory equivalency
27 January 2021 Belgium
Reporter: Maddie Saghir

Allison Herren Lee, acting chair of the SEC, says: “The EC’s decision is an important first step on the road to providing greater regulatory certainty for CCPs and their members on both sides of the Atlantic"

LIBOR transition: 85% of uncleared UK derivatives market ready
27 January 2021 UK
Reporter: Becky Bellamy

The FCA’s Edwin Schooling Latter says the success of this protocol means “a major reduction in risk faced by the 12,000 plus firms who have already signed, and for the system as a whole”