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Acadia onboard over 300 Phase 5 Initial Margin firms
09 September 2021 US
Reporter: Carmella Haswell

Over 300 of an estimated 330 counterparty groups, covered by Phase 5 of the Initial Margin (IM) rollout under the Uncleared Margin Rules (UMR), have been successfully onboarding to AcadiaPlus

Euroclear appoints new CEO for ESES CSDs
06 September 2021 Belgium
Reporter: Jenna Lomax

Since 2017, Eliet has been head of regulatory, compliance and public affairs for Euroclear

EquitiesFirst appoints Johnny Heng to head of office
06 September 2021 Singapore
Reporter: Carmella Haswell

In a move to deepen EquitiesFirst’ expertise, Johnny Heng has been hired as managing director and head of Singapore

NGX’ securities lending market value rises to US$34m
31 August 2021 Nigeria
Reporter: Carmella Haswell

NGX’ securities lending market value rises to N513 million (US$34 million) with an uptick in stakeholders’ participation, according to its latest report

Extradition of Hanno Berger approved by Swiss authorities
31 August 2021 Switzerland
Reporter: Bob Currie

Accused in German cum-ex scandal to be extradited from Switzerland, subject to appeal. Berger denies all charges

Thai SEC hosts public hearing on digital asset custody amendments
27 August 2021 Thailand
Reporter: Rebecca Delaney

The Thailand Securities and Exchange Commission is holding a public hearing for prospective amendments to digital asset custody rules

Andrew Volz joins Clear Street
26 August 2021 US
Reporter: Bob Currie

Volz exits JonesTrading to become COO and head of prime sales and electronic execution at New York-based prime broker Clear Street

Foreign banks permitted to become direct clearing members of Russia’s NCC
09 August 2021 Russia
Reporter: Bob Currie

International banks may become direct clearing members of Moscow Exchange Group’s clearing entity, with NCC launching tax agent service

Digital asset bank Greengage secures £2.5m funding from IOVLabs
09 August 2021 Gibraltar
Reporter: Alex Pugh

Both of the Gibraltar-based firms want to democratise and open up B2B crypto lending to underserved markets such as SMEs, using the open-source RSK Blockchain and RSK Infrastructure Framework

Trade associations sign CDM agreement
02 August 2021 United Kingdom
Reporter: Bob Currie

ICMA, ISLA and ISDA pen MoU to reinforce collaboration around development of the common domain model

US Federal Reserve establishes two new standing repo facilities
30 July 2021 US
Reporter: Jenna Lomax

The US Federal Reserve’s open market committee has established two standing repo facilities to support the effective implementation of monetary policy and smooth market functioning

Clearstream’s repo and tri-party collateral revenues dip in Q2
29 July 2021 US
Reporter: Bob Currie

Clearstream’s revenue from collateral management activities fell slightly in Q2 to €20m, but parent company’s net income up 21 per cent QoQ to €322m