News search | Securities Finance Times

Generic business image for news articles

Cum-ex tax loophole isn't closed, warns German tax expert
01 March 2021 Belgium
Reporter: Drew Nicol

The EU’s tax subcommittee heard that the upcoming criminal trials may allow prosecutors to recoup most of the estimated €55 billion lost tax revenue to related parties that benefited from the suspect's cum-ex scheme

Global ESG standards body needed, IOSCO says
26 February 2021 Spain
Reporter: Alex Pugh

A leading international securities regulatory body is calling for a three-pronged approach to achieve globally consistent and reliable sustainable financing disclosure standards

SEC commissioner hints at post-GameStop regulatory landscape
24 February 2021 US
Reporter: Alex Pugh

An SEC commissioner’s speech has given some indication of where the agency stands on further regulations post-GameStop

WFE: Market activity has ‘swiftly’ recovered from COVID-19
23 February 2021 UK
Reporter: Maddie Saghir

The WFE says the markets remained open and functioning despite the exceptional circumstances in 2020, but, after the peak in uncertainty observed in March, markets quickly recovered

Exclusive: Morgan Stanley’s O’Flynn hands the BRM reins to Patel
19 February 2021 UK
Reporter: Drew Nicol

Ciaran O’Flynn is set to hand over control of Morgan Stanley’s BRM business to Tejash Patel and is expected to assume a new leadership role after five years reforming the division’s sales, trading and treasury functions

BNY Mellon creates digital assets unit
12 February 2021 US
Reporter: Maddie Saghir

The unit will help clients address growing and evolving needs related to the growth of digital assets including cryptocurrencies, says the bank

Ample IPOs should drive bumper revenue in 2021, says Northern Trust
10 February 2021 US
Reporter: Alex Pugh

In a recent Northern Trust webinar, the bank's head of North American equity securities lending trading predicted that a surplus of capital and the pent-up IPO and M&A pipeline from 2020 will bring a flurry arbitrage opportunities

Cum-ex suspect put on Interpol 'most wanted' list
09 February 2021 Germany
Reporter: Drew Nicol

Europol and Interpol today issued red notices for former-HypoVereinsbank employee Paul Mora in a bid to force him to face tax fraud charges in Germany

Euroclear, CDCC and CDS to develop collateral management service for Canada
02 February 2021 Canada
Reporter: Maddie Saghir

The utilisation of CDS’ Post-Trade Modernisation settlement platform and Euroclear’s Collateral Highway will enable market participants to mobilise collateral assets across repo, securities lending, cleared and uncleared margin accounts

Don’t miss the impact of convertible hedging in AMC short interest, says IHS Markit
02 February 2021 US
Reporter: Drew Nicol

Convertible hedging may have increased amid the surging share price, which partly explains the increase in share borrowing despite the apparent “face-melting short squeeze,” says IHS Markit’s Sam Pierson

GameStop: The real data story and what it means for securities lending
28 January 2021 US
Reporter: Drew Nicol

GameStop’s skyrocketing share price, led by retail investors mobilised on a Reddit forum, has captured the world’s attention with headlines citing short sellers' losses running into the billions of dollars, but does this tell the whole story?

Broadridge to become an approved SFT submitter for DTCC
28 January 2021 UK
Reporter: Natalie Turner

Broadridge is building and testing in its role as an SFT submitter for the new SFT clearing service offered by DTCC’s NSCC, which is expected to launch in Q3