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BoE and BIS conclude DLT-based Project Meridian
19 April 2023 UK
Reporter: Bob Currie

The Bank for International Settlements and Bank of England have completed their joint initiative named Project Meridian, which was the first programme to be completed by the BIS Innovation Hub in London

LSEG appoints Singh as group head of data and analytics
18 April 2023 UK
Reporter: Carmella Haswell

Satvinder Singh will lead the group’s global data and analytics businesses as well as the joint development of new products and services in LSEG’s strategic partnership with Microsoft

ISLA releases template clause for Austria
17 April 2023 Austria
Reporter: Carmella Haswell

The template follows a requirement from ISLA members to produce a standard form template clause to assist market participants when lending and borrowing Austrian securities

Tradeweb, Euroclear and IGM collaborate to build new solution for syndicated Eurobonds
12 April 2023 Belgium
Reporter: Jenna Lomax

The solution, expected to launch in Q3 of 2023, aims to improve the way investors access and manage critical pre-pricing data for newly-syndicated Eurobonds by providing security identification and set-up processes

Global securities lending revenue rises 27% YoY for Q1 2023, says DataLend
04 April 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$2.76 billion in revenue for lenders in Q1 2023, a 27 per cent year-on-year increase, according to DataLend

BoE working paper dissects gilts market crisis
03 April 2023 UK
Reporter: Bob Currie

The Bank of England staff working paper draws on transaction-level data from government bond, repo and IRS markets to evaluate movements in market liquidity, price trends and investor behaviour during the autumn 2022 gilts market upheaval

CAF selects BNP Paribas Securities Services as agent lender
27 March 2023 Venezuela
Reporter: Lucy Carter

Latin America and Caribbean development bank CAF has selected BNP Paribas Securities Services as agent lender for its US $1.3 billion portfolio

LCH SwapAgent welcomes first buy-side client
24 March 2023 UK
Reporter: Carmella Haswell

BlueCrest Capital Management joins the LCH SwapAgent service, which is designed to simplify processing, margining and settlement of uncleared derivatives

ESMA goes live with DLT pilot
23 March 2023 Europe
Reporter: Carmella Haswell

The pilot builds on the existing MiFIR regulation to include tokenised financial instruments. This aims to bring pre- and post-trade transparency and market abuse monitoring to DLT-based securities

European Repo Survey reveals new record high for outstanding repo value
17 March 2023 Europe
Reporter: Carmella Haswell

The total value outstanding of repos and reverse repos on the books of 61 institutions that took part in the survey hits a record high of €10,374.2 billion, a 12.8 per cent rise YoY and 7.2 per cent rise from the June 2022 survey

Tradeweb appoints Cook
16 March 2023 UK
Reporter: Carmella Haswell

Tim Cook joins the global operator of electronic marketplaces for rates, credit, equities and money markets as director of emerging markets

‘Keep your LEIs close, but keep your IRC closer’, says PASLA panellist
14 March 2023 Asia-Pacific
Reporter: Carmella Haswell

As the Korean market strives to attain Developed Market status from MSCI, recent government announcements are expected to bring a level of improvement in liquidity and settlement within Korea, according to a PASLA panel