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Can Brexit save UK traders from facing EU cum-ex charges?
19 January 2021 UK
Reporter: Drew Nicol

A London trader facing charges of cum-ex tax fraud in Germany is awaiting a ruling on whether the conclusion of the Brexit means the European arrest warrant against him no longer has any power to extradite him

Clearstream and FundsDLT complete first blockchain fund transaction
19 January 2021 Germany
Reporter: Drew Nicol

Zürcher Kantonalbank was the first to leverage the joint FundsDLT-Clearstream solution, with an end investor placing a fund transaction request via a mobile app directly on the private blockchain

LCH collaborates with Clearstream on new post-trade connection
18 January 2021 UK
Reporter: Maddie Saghir

“As an open-access clearinghouse, an important part of LCH’s role is to support our members’ settlement strategies whilst allowing them to benefit from RepoClear’s deep and diverse netting pool," says LCH's Poilvet-Clediere

Refinitiv appoints Jeroen Bakker as Dutch account manager
18 January 2021 Holland
Reporter: Drew Nicol

Bakker joins the US data analytics firm from Pierpoint Financial Consulting where he served as Benelux consulting lead

Euronext preps for Borsa Italiana acquisition with management reshuffle
18 January 2021 Holland
Reporter: Natalie Turner

Anthony Attia will be replaced as Euronext Paris CEO by Orange Bank’s Delphine d’Amarzit and become global head of primary markets and post trade in order to play a central role in the integration of the Borsa Italiana Group

Global dividends to partially recover COVID losses, predicts IHS Markit
15 January 2021 UK
Reporter: Natalie Turner

Global dividends are expected to a achieve a modest recover in 2021 with payouts hitting $1.78 trillion, with significant growth in Europe, and mild increases in APAC, offsetting a small drop-off in the US

Year-end EU repo liquidity crunch largely avoided, ICMA finds
15 January 2021 UK
Reporter: Natalie Turner

The ICMA ERCC has publish its findings on the European repo market for at the end of 2020, revealing some participants had feared a year-end similar to that of 2016

BNP Paribas Securities Services extends its initial margin services to Asia Pacific
15 January 2021 UK
Reporter: Natalie Turner

BNP Paribas Securities Services are helping firms in the APAC region to manage initial margin requirements arising from non-cleared OTC derivatives

Greg Bunn joins CrossTower
15 January 2021 US
Reporter: Maddie Saghir

In his new role, Bunn will help build out CrossTower Capital Markets, a one-stop-shop for digital asset-focused institutions and traders seeking securities lending and trading finance

Morley swaps DB for MUFG
15 January 2021 Luxembourg
Reporter: Drew Nicol

Christopher Morley is the latest former Deutsche Bank employee to resurface at MUFG. He will lead the Japanese banking groups securities lending business in Luxembourg

Denmark charges two British traders for $1.5 billion cum-ex tax fraud
14 January 2021 Denmark
Reporter: Natalie Turner

The men face up to 12 years in prison if found guilty, while the prosecutor says it will pursue and bring charges against other known individuals in the coming months

ISLA to expand clause library and taxonomy subgroup
14 January 2021 UK
Reporter: Natalie Turner

The subgroup aims to align variant terms in ISLA’s securities lending documentation, creating standardised business outcomes which will support links between legal documentation and the CDM architecture