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Vertiv appoints Albertazzi as CEO
10 January 2023 US
Reporter: Carmella Haswell

Giordano Albertazzi will aim to increase Vertiv’s customer focus as the firm addresses the infrastructure and business needs of the data centre, communication networks and industrial applications

South Street Securities welcomes new board members
06 January 2023 US
Reporter: Carmella Haswell

Mark Lawrence, managing director at BlackRock, Roland Hlawaty, former partner at Milbank Tweed, and Ted Goldthorpe, head of credit at BC Partners, will join the board of directors

Global securities lending revenue up 6.6% YoY for 2022, says DataLend
04 January 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$9.89 billion in revenue for lenders in 2022, a 6.6 per cent increase from 2021, according to DataLend

Yawar Shah retires from Swift board
16 December 2022 Belgium
Reporter: Bob Currie

Shah will step down from the Swift board of directors after 16 years as chair but will continue as managing director in Citi’s institutional clients group

Banks must apply a prudent approach when providing funding to LDIs, says BoE
14 December 2022 UK
Reporter: Bob Currie

In its latest Financial Stability Report, the Bank of England finds that the UK banking sector is resilient to a further economic downturn, but it recognises a need to monitor the build up of stress in LDI funds and the NBFI sector

ISDA publishes standards for verified carbon credits
13 December 2022 US
Reporter: Carmella Haswell

The documents have been designed to allow parties to accept a wide pool of VCCs for delivery and support trading of carbon credits across carbon standards and registries

LSEG partners with Microsoft to deliver cloud-based infrastructure and advances in data analytics
12 December 2022 UK
Reporter: Bob Currie

Through this strategic partnership, LSEG will enter into a 10-year commercial arrangement to migrate its data platform and tech infrastructure into Microsoft’s Azure cloud, with Azure Machine Learning working with LSEG on new gen analytics solutions

Global securities finance industry generates US$811 million for November, says DataLend
05 December 2022 US
Reporter: Carmella Haswell

The global securities finance industry generated US$811 million in revenue for lenders in November 2022, a 3 per cent year-over-year increase from November 2021

OCC names Thakkar as chief risk officer
02 December 2022 US
Reporter: Carmella Haswell

Vishal Thakkar is responsible for implementing OCC’s risk management framework and serves on the Management Committee

ESMA backs actions of Irish and Luxembourg regulators on LDI fund resilience
01 December 2022 Ireland, Luxembourg
Reporter: Bob Currie

The Central Bank of Ireland and Commission de Surveillance du Secteur Financier yesterday wrote to managers of GBP LDI funds outlining actions to protect fund resilience, including the impact of market shocks on collateral calls and forced sales

CrossTower to buy BEQUANT as part of reset of digital asset market
30 November 2022 US
Reporter: Bob Currie

New York-based crypto-exchange says the BEQUANT acquisition will reinforce its global product expansion and add a further 600 professional customers, generating more than US$400 billion in annual turnover, to its book of clients

BOJ implements relaxed measures for securities lending facility
29 November 2022 Japan
Reporter: Carmella Haswell

The move aims to ensure stability in the market by easing excessive tightening in the supply and demand of Japanese government securities in the repo market