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ISDA’s master agreement goes digital
22 January 2021 US
Reporter: Natalie Turner

ISDA has made its master agreement digitally available on ISDA’s Create platform, as part of the rollout, the ISDA clause library is also being added to the platform

Northern Trust sees YoY revenue growth
22 January 2021 US
Reporter: Drew Nicol

Northern Trust has continued the trend of agent lenders achieving year-on-year (YoY) growth for 2020 despite lacklustre returns in Q4

Citi executes first SBL trade in Romanian securities
22 January 2021 Romania
Reporter: Drew Nicol

With the addition of Romania, Citi now supports securities lending in 74 markets

South Street Securities launches equity finance business
21 January 2021 US
Reporter: Drew Nicol

The US broker-dealer aims to leverage its capital base and balance sheet to become a niche player in the hard-to-borrow space and provide multiple solutions regarding the financing of securities and collateral

Lawrence Au joins The Securities Services Advisory Group
21 January 2021 UK
Reporter: Becky Bellamy

Based in Hong Kong, Lawrence Au is an independent consultant and offers consulting services on securities services, custody, fund administration, pension funds and fiduciary services

BNY Mellon achieves YoY lending revenue growth despite headwinds
21 January 2021 US
Reporter: Natalie Turner

BNY Mellon reported a decrease in securities lending revenue for last quarter of 2020 but saw a modest YoY growth in its full-year earnings from its agency lending business

UK court rejects argument that Brexit makes European Arrest Warrants void
21 January 2021 UK
Reporter: Drew Nicol

A Rahman Ravelli legal team attempted to apply a habeas corpus defence to their client who is facing charges of cum-ex tax fraud in Germany, but argument was ruled invalid

LSEG to complete Refinitiv acquisition next week
20 January 2021 UK
Reporter: Natalie Turner

LSEG has confirmed that completion of its all-share acquisition of Refinitiv will occur on 29 January following European Commission approval last week

BlackRock boasts bumper 2020 lending revenue
20 January 2021 US
Reporter: Drew Nicol

The asset manager recorded its lowest quarterly returns in half a decade for Q4 but still achieved a record high for full-year securities lending revenue

State Street blames tighter spreads for YoY earnings drop off
20 January 2021 US
Reporter: Drew Nicol

State Street reported securities financing revenue of $356 million for 2020, down 24.4 per cent from 2019, despite a modest QoQ uptick in the final months of last year

Denmark’s largest public pension fund joins SimCorp SFTR platform
19 January 2021 UK
Reporter: Natalie Turner

ATP joins buy side clients using SimCorp’s cloud-based SFTR solution, including PGGM and Ampega

AcadiaSoft partners with KIS Pricing for APAC expansion
19 January 2021 South Korea
Reporter: Natalie Turner

The partnership will give KIS Pricing clients access to AcadiaSoft’s Initial Margin Exposure Manager and will also enhance AcadiaSoft’s presence in the South Korean market