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Failed Icelandic bank loses collateral valuation dispute
19 April 2017 London
Reporter: Drew Nicol

The UK High Court ruled that the non-defaulting party, Raiffeisen Zentralbank Österreich, had the right to determine the fair market value of the collateral at dispute

Clearstream GSF suffers under EU QE
19 April 2017 Frankfurt
Reporter: Drew Nicol

The quantitative easing policy of the European Central Bank continues to stifle EU securities financing businesses in the opening months of 2017

Top banks reveal Q1 securities growth
18 April 2017 New York
Reporter: Drew Nicol

Wall Street big hitters post strong securities services revenue growth for Q1

Clearstream tackles German debt with link to LCH’s RepoClear
13 April 2017 Luxembourg
Reporter: Mark Dugdale

The move follows LCH’s extension of its RepoClear service to cash and repo trades on German government securities last month

BIS committee recommends ‘targeted and temporary’ tweaks
13 April 2017 Basel
Reporter: Mark Dugdale

The global financial system committee, which was chaired by Sir Jon Cunliffe of the Bank of England, examined the functioning of the repo market in light of recent monetary policy

Lance Wargo departs from BNP Paribas
12 April 2017 New York
Reporter: Mark Dugdale

Wargo joined the bank in New York in 2013 to spearhead its securities lending push in North America

ISLA allays MiFID II concern
12 April 2017 London
Reporter: Mark Dugdale

ISLA members had expressed particular concerns over the timing of reporting transactions with EU central banks, and whether they would be expected from the implementation date of MiFID II

India plans introduction of triparty repo
12 April 2017 Mumbai
Reporter: Mark Dugdale

The draft framework, issued on 11 April for public comment until 5 May, proposes the introduction of triparty repo on both government and corporate bonds, and sets out rules for collateral eligibility, reporting, settlement and agents

Securities lending on the up in Brazil
10 April 2017 São Paulo
Reporter: Drew Nicol

Newly formed Brazilian exchange B3 posted month-to-month growth in its securities lending volume for March

Cherry takes on SFTR role at Pirum
10 April 2017 London
Reporter: Drew Nicol

Clearstream’s James Cherry has moved to Pirum Systems to focus on its SFTR and CCP products

EU repo clears first Q1 hurdle, barely
07 April 2017 London
Reporter: Drew Nicol

In the weeks leading up to the March quarter-end, the repo market showed a high degree of uncertainty and nervousness, with rates being priced very wide

OCC names Citi’s Davidson as new COO
06 April 2017 Chicago
Reporter: Drew Nicol

OCC gains new COO during strong volume growth period