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Eurex launches OTC derivatives Switch Incentive Program
10 September 2019 Frankfurt
Reporter: Maddie Saghir

The programme comes in response to recent calls from regulators and central banks warning market participants to prepare for all possible Brexit scenarios

RBI reveals plans for a securities lending programme
10 September 2019 Moscow
Reporter: Drew Nicol

The Reserve Bank of India’s deputy governor Shri Kanungo said: “For instance, short selling activity could benefit if a wider pool of securities lenders can be developed”

BBVA bolsters credit repo trading team
09 September 2019 London
Reporter: Maddie Saghir

Paul has been in the securities finance industry since 1988, including most recently serving in repo sales trading for Mizuho

tZERO: Byrne departure won’t stop product launch
09 September 2019 New York
Reporter: Drew Nicol

tZERO’s CEO has said that the departure of Overstock.com chief Patrick Byrne in August will not disrupt the upcoming launch of new securities lending features

DTCC opens testing on Delta Capita’s SFTR test pack
09 September 2019 London
Reporter: Drew Nicol

DTCC began trialling the test pack with its own SFTR matching and reporting service on 30 August, ahead of the regulation’s implementation on 11 April 2020

Former sec lending exec tapped for Swiss Army top job
06 September 2019 Switzerland
Reporter: Maddie Saghir

As of 2020, the ex-securities finance executive will be the highest officer in the Swiss army despite having only been a career officer since 2015

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”