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OCC sees securities lending activity increase YoY for January
03 February 2021 US
Reporter: Natalie Turner

Average daily volume of securities lending trades spiked in January along with a modest uptick in new loans

CSDR consultation is over, ICMA underscores need for mandatory buy-in reforms
02 February 2021 UK
Reporter: Drew Nicol

ICMA has presented a ‘waterfall’ of proposals for implementing the SDR, based on its members’ assessment of what it considers most optimal in terms of minimising disruption to Europe’s bonds markets while still attaining the objectives of CSDR

Euroclear, CDCC and CDS to develop collateral management service for Canada
02 February 2021 Canada
Reporter: Maddie Saghir

The utilisation of CDS’ Post-Trade Modernisation settlement platform and Euroclear’s Collateral Highway will enable market participants to mobilise collateral assets across repo, securities lending, cleared and uncleared margin accounts

IHS Markit enhances exchange traded collateral lists
02 February 2021 UK
Reporter: Natalie Turner

IHS Markit has enhanced its ETF collateral lists to accelerate counterparty borrowing with the help of Barclays, BlackRock, BNY Mellon, Citi, Credit Suisse, HSBC, J.P. Morgan and State Street

Coinbase promotes Matt Boyd to head of prime brokerage
02 February 2021 US
Reporter: Natalie Turner

Securities finance trading veteran Matt Boyd has been promoted to head of prime brokerage for the digital currency exchange, Coinbase

Don’t miss the impact of convertible hedging in AMC short interest, says IHS Markit
02 February 2021 US
Reporter: Drew Nicol

Convertible hedging may have increased amid the surging share price, which partly explains the increase in share borrowing despite the apparent “face-melting short squeeze,” says IHS Markit’s Sam Pierson

LSEG successfully acquires Refinitiv
02 February 2021 UK
Reporter: Maddie Saghir

As part of this new transaction, BlackStone's Martin Brand, Erin Brown and Douglas Steenland joined the LSEG board

ESMA updates its SFTR Q&A to clarify reporting rules
01 February 2021 France
Reporter: Natalie Turner

The revised Q&A addresses errors in event reporting, updates to records of outstanding reports by the counterparties and operational aspects of reporting by financial counterparties on behalf of small NFCs

FICC board CEO Martin Pluves to step down
01 February 2021 US
Reporter: Drew Nicol

Pluves, who has held the CEO post since 2019 following a decade at LCH, will stay on until the Spring, to allow the board time to find a successor

Qomply-Bovill partner for MiFIR reporting solution
01 February 2021 UK
Reporter: Natalie Turner

The partners aim to save firms from FCA fines after 362 firms were found to have submitted errors and omissions in their MiFID II reports between January and the end of October last year.

SEC fires warning shot at Robinhood for GameStop buy ban
29 January 2021 US
Reporter: Natalie Turner

The US SEC has offered a thinly-veiled warning to Robinhood that it will be investigating its decision to ban investors from buying several stocks that have surged in recent weeks

After GameStop backlash, Citron Research will no longer release short reports
29 January 2021 US
Reporter: Drew Nicol

Citron Research will stop publishing short seller reports after 20 years, with Andrew Left claiming “it’s completely lost its focus”, in recent years