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Euroclear ESES selects Taskize for client servicing
29 June 2020 London
Reporter: Rebecca Delaney

ESES has gone live with the Taskize communication channel for client servicing

EMEA equities borrow fees spike after enduring COVID-19 doldrums
29 June 2020 New York
Reporter: Natalie Turner

The average borrow fee for EMEA equities was languishing at a three-year low in March, but the removal of short selling bans, the pandemic and accounting scandals, have sent fees soaring

S3 appoints Bloomberg exec as first chief revenue officer
26 June 2020 New York
Reporter: Rebecca Delaney

S3 Partners has appointed Bloomberg’s former global head of product, Palak Patel, to the newly-created role of chief revenue officer

Chris Benedict leaves securities finance market
26 June 2020 New York
Reporter: Natalie Turner

Chris Benedict, former director and vice president of product development at EquiLend has left the securities finance market to join Reorg, a data provider focused on stressed and distressed debt analysis

ECB creates new repo backstop facility amid ongoing COVID disruption
26 June 2020 Frankfurt
Reporter: Natalie Turner

A new eurosystem repo facility for central banks has been introduced as a precautionary backstop to address pandemic-related euro liquidity needs outside the euro area

Bears hold firm as Wirecard crumbles
25 June 2020 Munich
Reporter: Natalie Turner

Hedge funds are largely ignoring a €1.6 billion short selling payday in order to hit jackpot, says Ortex, as Wirecard begins insolvency proceedings

UK’s exclusion of CSDR’s settlement discipline regime set to create new challenges
25 June 2020 London
Reporter: Becky Bellamy

The UK’s exclusion of CSDR's settlement discipline regime as part of its adoption of EU regulations post Brexit, will “undoubtedly create new challenges for firms in the UK”

KDPW reduces LEI issuance and renewal fees
25 June 2020 Warsaw
Reporter: Rebecca Delaney

KDPW is set to reduce legal entity identifier issuance and renewal fees, as of 1 July

EU strikes deal on clearing houses recovery and resolution plans
25 June 2020 Brussels
Reporter: Becky Bellamy

The Presidency of the Council and the European Parliament have reached a deal on a common set of rules for CCPs and their authorities to prepare for and deal with financial difficulties

INTL FCStone set to rebrand
25 June 2020 New York
Reporter: Rebecca Delaney

INTL FCStone is set to rebrand as StoneX, effective 6 July

DTCC’S SFTR solution sees 80 percent user growth
24 June 2020 London
Reporter: Natalie Turner

DTCC has 250 clients committed to its Global Trade Repository for SFTR services

SIX launches Triparty Agent system for Swiss repo market
24 June 2020 Zurich
Reporter: Rebecca Delaney

SIX has gone live with Triparty Agent, a broad solution for collateral and liquidity management within the Swiss repo market