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UK’s FCA concludes first SSR enforcement against HK asset manager
14 October 2020 London
Reporter: Drew Nicol

The regulator’s first-of-its-kind SSR fine was handed to Asia Research and Capital Management for failing to report hundreds of equity swaps transaction used to hedge its investment in Premier Oil between 2017 and 2019

J.P. Morgan accepts China A shares collateral for the first time
14 October Hong Kong
Reporter: Drew Nicol

In what is thought to be an industry first, J.P. Morgan’s agency lending desk has accepted China A shares as collateral for a securities finance trade

UAE revises SBL rules, launches short selling facility
13 October 2020 Abu Dhabi
Reporter: Drew Nicol

The Abu Dhabi Securities Exchange has amended its securities lending guidelines to facilitate the launch of a new covered short selling facility

Lightning fails to strike twice for BlackRock’s SBL revenue
13 October 2020 New York
Reporter: Natalie Turner

BlackRock recorded a modest YoY uptick in securities lending revenue but failed to recreate the record-breaking returns seen in Q2

Broadridge to streamline solution for Britannia Global Markets
13 October 2020 London
Reporter: Natalie Turner

Britannia Global Markets has selected Broadridge Financial Solutions to mutualise a solution increasing efficiency, improving business controls that mitigates risk

Nikola crowned Q3’s highest lending revenue generator
13 October 2020 Phoenix
Reporter: Drew Nicol

The combination of a SPAC IPO arbitrage opportunity and accusations of false advertising from activist short sellers has culminated in lenders earning $114 million from Nikola shares in Q3

SFTR: Buy side start reporting
12 October 2020 London
Reporter: Drew Nicol

Buy-side members must begin reporting their SFTs from today as part of the third phase of implementation

Eurex Repo reports positive month for OTC clearing
12 October 2020 Frankfurt
Reporter: Natalie Turner

Eurex saw a 71 percent YoY increase in its repo market in September

Deutsche Bank to create service for securities settlement delays
09 October 2020 London
Reporter: Maddie Saghir

Deutsche Bank is set to launch an enhanced securities settlement service that proactively identifies in-flight security transactions at risk of settlement delay

Euronext secures Borsa Italiana for €4.3bn from LSEG
09 October 2020 Amsterdam
Reporter: Drew Nicol

The deal is dependent on LSEG being required to sell the Italian exchange as a condition of the European Commission’s clearance for its acquisition of Refinitiv, a global market data provider

ESG investing and securities lending are compatible, RMA survey finds
08 October 2020 Philadelphia
Reporter: Drew Nicol

Almost all of the institutional investors surveyed by the RMA said securities lending and ESG can coexist, although more information and industry outreach would be welcome

Reporting data integrity undermined by widespread LEI lapses
08 October 2020 London
Reporter: Natalie Turner

As much as 30 percent (500,000) of legal entity identifiers globally are out of date and in need of renewal, according to LEI Worldwide, which has launched a tool to tackle the issue