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ISLA and PASLA enter into new legal services agreement
02 December 2021 Global
Reporter: Bob Currie

Running from January 2022, the new agreement will encourage further standardisation and digitisation of securities lending documentation, providing mutual access for members to GMSLA annexes and related docs on the association websites

Northern Trust expands partnership with Broadridge for SRD II compliance
02 December 2021 United Kingdom
Reporter: Jenna Lomax

Northern Trust has expanded its partnership with Broadridge for Shareholder Rights Directive compliance

OSL hires Jeffrey Howard
02 December 2021 US
Reporter: Carmella Haswell

The Merrill Lynch and RBS veteran will join OSL as head of North America business development and institutional sales, following the launch of its prime brokerage in the US

Global securities lending revenue up 29% YoY for November
01 December 2021 US
Reporter: Carmella Haswell

The global securities finance industry generated US$787 million in revenue for lenders in November 2021, according to DataLend

T+1 settlement for US securities by H1 2024, says report
01 December 2021 US
Reporter: Bob Currie

DTCC, ICI and SIFMA outline path to implement next-day settlement for US securities by H1 2024, but a move to T+0 is not feasible in the short term

EXCLUSIVE: Matthew Harrison returns to Trading Apps as CEO
01 December 2021 UK
Reporter: Carmella Haswell

After three years at BNY Mellon as managing director of securities lending, following BNY’s purchase of Trading Apps’ software, Harrison makes his return to the company he founded back in 2011

Broadway Technology expands leadership team with senior hires
01 December 2021 US
Reporter: Carmella Haswell

Eitan Reich is appointed chief technology officer at Broadway Technology’s New York office, with Dario Gatta assigned as chief information officer for its London branch

CPMI IOSCO consult on client clearing and portability
30 November 2021 Global
Reporter: SFT

Consultative report focuses on new CCP access models and portability of client positions in case of a clearing member default

European repo market grows to new high, says ICMA survey
30 November 2021 Europe
Reporter: Carmella Haswell

The trade association reveals the baseline figure for the European market size at a record high of €8,726 billion, a 5.3 per cent rise from December 2020

FIA EPTA welcomes EC proposals on MiFIR and MiFID II reviews
29 November 2021 Belgium
Reporter: Rebecca Delaney

European capital markets require threefold policy action based on building a true EU single market for financial instruments, improved data quality and transparency in European markets, and strengthened investor protection standards

FSB Asia group focuses on outsourcing risk
29 November 2021 Asia Pacific
Reporter: Bob Currie

Today’s meeting of the Financial Stability Board Regional Consultative Group for Asia reflected on concentration risk arising from dependence on a small number of third-party service providers, along with macroeconomic imperatives linked to COVID-19

Point Nine partners with FIS
29 November 2021 Cyprus
Reporter: Carmella Haswell

The collaboration will aid the extension of Point Nine’s service to FIS’ customers, “ensuring accuracy, efficiency, and transparency”