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South Korea to tighten penalties for illegal short selling
11 December 2020 South Korea
Reporter: Natalie Turner

Traders risk a year in prison and a $460,000 fine for naked short selling in South Korea, and must retain a five-year paper trail of borrowed securities under proposed amendments to capital market regulations

LCH RepoClear welcomes Clearstream as its first clearing member from Luxembourg
10 December 2020 Luxembourg
Reporter: Natalie Turner

Clearstream is the first member from Luxembourg to clear sterling debt at LCH and the first ICSD to become a member of RepoClear

DTCC to create “the most comprehensive pre-and-post-trade reporting solution”
10 December 2020 US
Reporter: Natalie Turner

The Depository Trust & Clearing Corporation has acquired Publicis Sapient’s Compliance Management Reporting System and will integrate it with its own reporting hub to enable firms to better manage pre-and-post reporting processes

Calypso welcomes Bank of Ningbo to its Collateral Management system
10 December 2020 China
Reporter: Maddie Saghir

Calypso Collateral Management system performs end-to-end automation of collateral operations centrally

Eurex pioneers equity total return futures to encourage on-exchange trading
10 December 2020 Germany
Reporter: Drew Nicol

BNP Paribas and Goldman Sachs are the first banks to use the new derivative following the recent completion of Eurex's pilot phase

More asset managers are turning to securities lending to boost performance, says BBH
09 December 2020 US
Reporter: Natalie Turner

Brown Brothers Harriman surveyed more than 50, senior executives, collectively — collectively overseeing $18 trillion in assets under management and more than 115,000 employees globally, as part of its first buy-side market review

Nigerian securities lending volumes skyrocket
09 December 2020 Nigeria
Reporter: Natalie Turner

In its most recent securities lending market report (published weekly), the Nigeran Stock Exchange details the eye-popping scale of the growth in securities lending volumes so far this year

Julie Becker takes over the reins as CEO of LuxSE
09 December 2020 Luxembourg
Reporter: Maddie Saghir

The board of directors of the Luxembourg Stock Exchange has appointed Julie Becker as LuxSE’s next CEO and chair of its executive committee

Exclusive: ConneXXion Markets goes live
09 December 2020 UK
Reporter: Drew Nicol

The new cloud-based electronic secured finance solution is releasing new pools of liquidity for market participants and was co-founded by Rob Verrillo, Tim McCall, and Gareth Mitchell

Global securities lending revenues up for third month, says IHS Markit
08 December 2020 US
Reporter: Natalie Turner

Global securities lending revenues for November was recorded at $742 million, down 1 percent year-on-year, but up 3.6 percent month-on-month, according to IHS Markit

BoE grants CSDR licence to Euroclear UK & Ireland
08 December 2020 UK
Reporter: Maddie Saghir

This makes EUI the seventh and final CSD entity in the Euroclear Group to receive its licence

The final chance to fix CSDR’s settlement discipline regime is here
08 December 2020 Belgium
Reporter: Drew Nicol

Industry stakeholders have until 2 February 2021 to submit responses to the EC’s CSDR consultation, and face a tight timetable to make the changes in Q4 2021 before the settlement discipline regime’s February 2022 go-live date