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Digital asset exchange settles with US SEC for $10m
09 August 2021 US
Reporter: Alex Pugh

Trading platform Poloniex neither admitted nor denied the Securities and Exchange Commission’s findings but has nonetheless agreed to a cease-and-desist order and to pay disgorgement

Foreign banks permitted to become direct clearing members of Russia’s NCC
09 August 2021 Russia
Reporter: Bob Currie

International banks may become direct clearing members of Moscow Exchange Group’s clearing entity, with NCC launching tax agent service

Digital asset bank Greengage secures £2.5m funding from IOVLabs
09 August 2021 Gibraltar
Reporter: Alex Pugh

Both of the Gibraltar-based firms want to democratise and open up B2B crypto lending to underserved markets such as SMEs, using the open-source RSK Blockchain and RSK Infrastructure Framework

IPO activity powers LSEG to 4.6% H1 rise in total income
06 August 2021 UK
Reporter: Bob Currie

London Stock Exchange group realised significant improvement in revenue from non-cash collateral, which was up 17.5 per cent boosted by strong activity through RepoClear

LCH SA expands clearing model to include Euro repo clearing
05 August 2021 UK
Reporter: Jenna Lomax

LCH SA, LCH Group’s Paris-based clearing house, has expanded its sponsored clearing model to include Euro repo clearing

Financial agreements digitisation could save industry up to $1.2bn, survey finds
05 August 2021 US
Reporter: Alex Pugh

Even with partial automation of data collection and aggregation, firms in the survey were split when it came to whether their internal systems are able to take agreement data from multiple sources

Tradeweb reports July increase in repo trading activity
04 August 2021 US
Reporter: Carmella Haswell

Repo average daily volume was US$345.1 billion, representing a 38.9 per cent rise in July compared to July 2020, according to Tradeweb data

DTCC upgrades CDS Kinetics platform
04 August 2021 US
Reporter: Bob Currie

Enhancements to data platform extend analytics, historical and time-series data for OTC credit derivatives, along with a new user interface

EXCLUSIVE: Monique Baines joins Macquarie Group
04 August 2021 London
Reporter: Jenna Lomax

Industry sources have confirmed that Monique Baines has joined Macquarie Group

OCC securities lending average daily loan value up 87 per cent YoY
04 August 2021 US
Reporter: Alex Pugh

The Options Clearing Corporation is the world’s largest equity derivatives clearing organisation, delivering clearing and settlement services for options, futures and securities lending transactions

IHS Markit hires Kate Newman
04 August 2021 UK
Reporter: Carmella Haswell

Kate Newman will join IHS Markit as associate director for its global regulatory reporting solutions team in London

ISLA to consult on ESMA’s updated SFTR reporting rules
04 August 2021 UK
Reporter: Alex Pugh

The updated SFTR Validation Rules and XML Schemas form part of ESMA’s rules and guidance on implementing SFTR provisions, setting out what needs to be reported to TRs