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Changing nature of liquidity risk may amplify market shocks, says ESMA
10 February 2023 EU
Reporter: Bob Currie

High levels of uncertainty and fragile market liquidity are limiting the resilience of the financial system against external shocks, ESMA finds in its latest report on Trends, Risks and Vulnerabilities

BoE issues guidance on outsourcing and third-party risk management for CCPs
09 February 2023 UK
Reporter: Bob Currie

The Bank of England’s supervisory statement specifies how CCPs should meet their regulatory requirements for outsourced services, with a compliance deadline set for 9 February 2024

Pirum names Anderson as chair
07 February 2023 UK
Reporter: Carmella Haswell

Neal Anderson will chair Pirum’s board of directors as it continues to drive product innovation and pursue efficiency and productivity gains for its customers

Global securities lending revenue rises 27% YoY for Jan, says DataLend
03 February 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$890 million in revenue for lenders in January, representing a 27 per cent YoY rise and a 5 per cent MoM growth, according to DataLend

Zodia Custody and SBI to establish crypto asset venture in Japan
02 February 2023 Japan
Reporter: Lyndsey Young

The venture will act as a Japan-based crypto assets custodian, targeting institutional clients

IMN: Investment in data architecture key to drive trading and operational performance
01 February 2023 US
Reporter: Carmella Haswell

Panellists at the 28th IMN conference emphasised the importance of data for trading and technology as firms appear to be hesitant to invest

CSDR penalties “bigger than expected”, says BoE Securities Lending Committee
30 January 2023 UK
Reporter: Bob Currie

The Committee notes that concerns around settlement efficiency have prevailed for many years and CSDR penalties have not resulted in a significant improvement since enactment of the settlement discipline regime in February 2022

Wematch appoints Demoulin
30 January 2023
Reporter: Carmella Haswell

UBS veteran Stéphan Demoulin joins the dealing workflow platform as head of sales and relationship management for EMEA securities finance, where he will help to accelerate Wematch’s expansion in the region

Mitsubishi UFJ and Banking’s GSLS establish sec lending partnership with Fort Washington Investment Advisors
24 January 2023 US
Reporter: Jenna Lomax

Mitsubishi UFJ Trust and Banking’s Global Securities Lending Solutions group has entered into a securities lending cash management partnership with Ohio-based Fort Washington Investment Advisors

Cboe Clear Europe granted permanent recognition as non-UK CCP
13 January 2023 UK
Reporter: SFT

The Amsterdam-based clearing house reports that it is the first non-UK CCP to be granted permanent recognition by the Bank of England, having been a participant in the UK’s Temporary Recognition Regime from 2020

S&P Global Market Intelligence Cappitech appoints Navarro
13 January 2023 UK
Reporter: Carmella Haswell

Isabel Navarro has joined S&P Global Market Intelligence Cappitech as associate director and product manager

BoE finalises unwind of £19.3 billion gilts purchase made to restore stability after UK mini-budget
12 January 2023 UK
Reporter: Bob Currie

The Bank began the sell-off of these temporary holdings on 29 November through a series of reverse enquiry windows, yesterday completing the sale of £12.1 billion in long-dated conventional gilts and £7.2 billion in index-linked gilts