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Software fault to blame for Hong Kong’s derivatives market closure
06 September 2019 Hong Kong
Reporter: Maddie Saghir

Hong Kong’s derivatives market has re-opened after an unscheduled shut-down

QS Holdco claims new evidence for antitrust case
05 September 2019 New York
Reporter: Drew Nicol

QS Holdco is appealing to the court to allow for the submission of new evidence that would challenge the dismissal of its antitrust case against several major securities lending participants

BNY Mellon first custodian to go live on ISDA IM offering
05 September 2019 Brussels
Reporter: Jenna Lomax

BNY Mellon has become the first custodian to go live on the International Swaps and Derivatives Association Create initial margin offering, which has recently added a new custody function

Tradeweb partners with EuroCCP to provide ETF clearing
05 September 2019 London
Reporter: Maddie Saghir

The partnership responses the EU’s CSDR, which brings new settlement discipline procedures, including cash penalties for settlement fails and mandatory buy-ins

OCC settles with US regulators on risk management failures
05 September 2019 Chicago
Reporter: Drew Nicol

OCC was designated as a systemically important financial market utility in 2012, thereby making it subject to enhanced regulation and transparency rules related to risk management

Finastra adds SFTR tool to cloud reporting service
05 September 2019 London
Reporter: Maddie Saghir

Finastra’s Michael Henssler says: “those who chose cloud-based technology will be more prepared when it comes to new regulations and can free-up resources to focus on new revenue streams”

We’re ready for Brexit, says EquiLend
04 September 2019 Dublin
Reporter: Drew Nicol

EquiLend is on the verge of fully Brexit-proofing its services for EU clients with the launch of an Irish version of its NGT platform next week

OCC sees slide in securities lending activity for August
04 September 2019 Chicago
Reporter: Maddie Saghir

OCC reported a slight dip in securities lending CCP activity for August

Northern Trust poaches two from State Street for capital markets business
04 September 2019 Sydney
Reporter: Maddie Saghir

The hires comes as part of plans to form a transition management desk in Sydney

BNP Paribas grows securities lending desk
03 September 2019 London
Reporter: Maddie Saghir

Former Citi securities lending trader has joined BNP Paribas

CloudMargin gains business development chief
03 September 2019 London
Reporter: Rebecca Delaney

Wyborn has spent the past four years as CloudMargin’s global head of sales

Credit Suisse expands Asian prime sales team
03 September 2019 Hong Kong
Reporter: Maddie Saghir

Credit Suisse has grown its Hong Kong prime sales team