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EC eyes SRD II and CSDR reforms
19 October 2020 Brussels
Reporter: Drew Nicol

The European Commission's latest CMU action plan has hinted at potential remedies to securities finance regulatory bug-bears including SRD II and CSDR

BNY Mellon reports YoY decline in securities lending revenue in Q3
16 October 2020 New York
Reporter: Natalie Turner

BNY Mellon saw a drop off in securities lending, clearance and collateral management businesses take a dive in its revenue for the third quarter

ISLA forms three new “broader” steering groups
16 October 2020 London
Reporter: Natalie Turner

The three additional groups will cover regulation, market practices and collateral management

UAE exchange sees Al Ramz Capital conduct first short selling trade via new facility
16 October 2020 Abu Dhabi
Reporter: Drew Nicol

Earlier this week, the Abu Dhabi Securities Exchange unveiled a revised and enhanced securities lending rules framework alongside the launch of a new covered short selling facility

ICSF chair launches Global Principles for Sustainable Securities Lending
15 October 2020 Exeter
Reporter: Drew Nicol & Natalie Turner

Radek Stech — who will act as CEO of Global PSSL alongside his role as the council’s chair — says the new entity will take its original initiative to a new level by expanding beyond the association’s primary focus of EMEA, to all regions worldwide

Delta Capita acquires Dutch consultancy firm
15 October 2020 London
Reporter: Drew Nicol

Delta Capita is set to gain Dutch consultancy firm Voogt Pijl & Partners in order to grow its Benelux footprint as part of its long-term global expansion strategy

Suptech and regtech on the rise, says FSB
15 October 2020 Basel
Reporter: Maddie Saghir

Opportunities offered by suptech and regtech have been created by a combination of factors that have come to the fore in recent years, although risks also follow, the board outlines in a new report

UK’s FCA concludes first SSR enforcement against HK asset manager
14 October 2020 London
Reporter: Drew Nicol

The regulator’s first-of-its-kind SSR fine was handed to Asia Research and Capital Management for failing to report hundreds of equity swaps transaction used to hedge its investment in Premier Oil between 2017 and 2019

J.P. Morgan accepts China A shares collateral for the first time
14 October Hong Kong
Reporter: Drew Nicol

In what is thought to be an industry first, J.P. Morgan’s agency lending desk has accepted China A shares as collateral for a securities finance trade

UAE revises SBL rules, launches short selling facility
13 October 2020 Abu Dhabi
Reporter: Drew Nicol

The Abu Dhabi Securities Exchange has amended its securities lending guidelines to facilitate the launch of a new covered short selling facility

Lightning fails to strike twice for BlackRock’s SBL revenue
13 October 2020 New York
Reporter: Natalie Turner

BlackRock recorded a modest YoY uptick in securities lending revenue but failed to recreate the record-breaking returns seen in Q2

Broadridge to streamline solution for Britannia Global Markets
13 October 2020 London
Reporter: Natalie Turner

Britannia Global Markets has selected Broadridge Financial Solutions to mutualise a solution increasing efficiency, improving business controls that mitigates risk