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ECB advises how to calculate exposure to counterparty credit risk
18 September 2020 Frankfurt
Reporter: Natalie Turner

The European Central Bank has finalised its guide showing how it assesses banks’ compliance with counterparty credit risk models and regulatory requirements

EU short selling reporting threshold to remain lowered
17 September 2020 Paris
Reporter: Drew Nicol

Short sellers in EU markets must continue to report positions of 0.1 percent of issued share capital until mid-December to offset concerns of a second wave of COVID-19

James Day swaps BNY Mellon for State Street
16 September 2020 London
Reporter: Natalie Turner

James Day, former managing director and head of securities finance for Europe, Middle East and Africa at BNY Mellon is set to join State Street

Firms are unprepared to comply with UMR, survey reveals
16 September 2020 Boston
Reporter: Natalie Turner

The majority of buy-side firms are not ready to for UMR’s final two phases despite the delay, according to a State Street survey

Deutsche Bank’s Michael Tramonte heads to TradeStation
16 September 2020 New York
Reporter: Drew Nicol

Tramonte aims to expand the Florida-based brokerage’s counterparty relationships by leveraging his more than 10 years of experience with the German bank’s agency lending team

Smith & Williamson selects Broadridge’s SRD II solution
15 September 2020 New York
Reporter: Maddie Saghir

Smith & Williamson will use the Broadridge solution to support its discretionary and non-discretionary execution clients, spanning both institutional and retail investors

Pirum gains Karl Wyborn as chief commercial officer
15 September 2020 London
Reporter: Drew Nicol

Wyborn marks new CEO Phil Morgan’s second management team change following the appointment of Jat Soomal as chief financial officer two weeks ago

Euronext and Deutsche Boerse vie for Borsa Italiana acquisition
14 September 2020 Amsterdam
Reporter: Natalie Turner

Euronext submits a counter bid to acquire Borsa Italiana, following an offer by Deutsche Boerse on Friday

ISLA joins ISSA in preparation for post-Brexit world
14 September 2020 London
Reporter: Natalie Turner

ISLA will launch a new Brexit working group with representation from the UK and the EU 27

RMA to host virtual Latin American conference
11 September Philadelphia
Reporter: Natalie Turner

The Risk Management Association securities lending council are set to host a virtual conference in light of COVID-19 impact

Instant Actions addresses data risks related to SRD II
11 September 2020 London
Reporter: Maddie Saghir

SRD II, which came into force on 3 September, requires firms providing share custody to disclose client identities and positions when requested to do so by issuers

OFR starts release of repo data
10 September 2020 Washington
Reporter: Natalie Turner

The US Office of Financial Research has published it new daily data on the repo markets