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DTCC argues for extension of central clearing in US treasury markets
05 October 2021 US
Reporter: Bob Currie

FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions

Prime veterans depart BNP Paribas
05 October 2021 US
Reporter: Jenna Lomax

SFT understands that Tommy Guagliardo, global head of prime finance sales trading and Bob Luzzo, head of prime brokerage sales, Americas have left BNP Paribas’ Chicago office after both serving more than twenty years with the bank

SteelEye appoints president to its new US arm
05 October 2021 US
Reporter: Jenna Lomax

Based in New York, Lynch will be responsible for SteelEye’s US footprint, leading the firm’s commercial expansion in the North American market

OCC’s securities lending average daily loan value up 75% YoY
05 October 2021 US
Reporter: Carmella Haswell

OCC’s securities lending central counterparty activity was up by 54.3 per cent in new loans compared to September 2020 with 170,991 transactions last month

Pirum integrates BNY Mellon digital tri-party schedules into CollateralConnect
05 October 2021 US
Reporter: Bob Currie

Collaboration aims to deliver smarter collateral decisions through algo-based portfolio optimisation tools, making collateral mobilisation more efficient across products and locations

EXCLUSIVE: SEC proposes amendments to Form N-PX under Investment Company Act
04 October 2021 United Kingdom
Reporter: Jenna Lomax

The Securities and Exchange Commission is proposing to amend Form N-PX under the Investment Company Act of 1940 to enhance the information mutual funds and exchange-traded funds currently report annually regarding their proxy votes

Deutsche Boerse’s DB1 Ventures leads Series B funding round in WeMatch
04 October 2021 Germany
Reporter: Carmella Haswell

DB1 Ventures becomes one of several investors within the Series B funding round, including Augmentum Fintech PLC, Illuminate Financial and existing shareholder J.P. Morgan

Securities lending revenue increases 33% YoY for Q3
04 October 2021 US
Reporter: Carmella Haswell

The global securities finance industry generated US$2.34 billion in revenue for lenders in Q3 2021, according to DataLend

SGSS receives mandate from Fidelity International
04 October 2021 France
Reporter: Rebecca Delaney

Societe Generale Securities Services has been mandated by independent investment services company Fidelity International for its securities lending services

eSecLending hires Jacqueline Waller as senior vice president
04 October 2021 UK
Reporter: Carmella Haswell

Jacqueline Waller has joined eSecLending as senior vice president, head of client relationship management in EMEA for its London office

David Shone joins Data Standards Committee as part of BoE’s data collection programme
01 October 2021 UK
Reporter: Carmella Haswell

The committee serves as a forum for stakeholders, including reporting firms, trade bodies, and relevant standard setting bodies, to discuss issues and propose solutions on data standards

EXCLUSIVE: KeyBank closes its securities lending programme for private bank clients
01 October 2021 US
Reporter: Carmella Haswell

KeyBank, a subsidiary of KeyCorp, have yet to announce the date of closure but will not initiate any new securities lending activity going forward