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'No evidence' of widespread collateral shortfall, says BIS
29 May 2013 Basel
Reporter: Mark Dugdale

There is no evidence or expectation of any lasting or widespread scarcity of collateral in global financial markets, according to a Bank for International Settlements report...

Naked short selling case could go to federal court
28 May 2013 New Jersey
Reporter: Mark Dugdale

The US Court of Appeals for the Third Circuit will decide whether a case alleging Merrill Lynch & Co, Knight Capital Americas, UBS Securities and others engaged in manipulative naked short selling should be heard in state or federal court...

Aviva mandates BNP Paribas to develop repo
28 May 2013 Paris
Reporter: Georgina Lavers

Aviva Investors France has mandated BNP Paribas Securities Services for the administration of collateral for its sale and repurchase agreements...

Real estate fund increases revolving credit facility to $60 million
24 May 2013 Newton
Reporter: Georgina Lavers

RMR Real Estate Income Fund (RIF) increased its revolving credit facility with BNP Paribas Prime Brokerage by $10 million to $60 million...

Lehman Brothers Holdings receives $1.9 billion in brokerage bids
23 May 2013 New York
Reporter: Georgina Lavers

Lehman Brothers Holdings announced that, following the conclusion of a "Dutch" auction process, it and certain of its controlled affiliates have agreed to sell $4.22 billion of their general unsecured claims against Lehman Brothers...

Nigeria abandons securities lending dream
22 May 2013 Lagos
Reporter: Georgina Lavers

Though the Nigerian Stock Exchange (NSE) announced plans to begin securities lending back in July 2011, it has been reported that the country has given up on the programme...

BCS adds prime brokerage veteran Dipak Rajani
21 May 2013 London
Reporter: Georgina Lavers

Russian financial institution BCS Financial Group has recruited Dipak Rajani and Timur Salikov to its sales and research teams...

Turkey’s government bonds move up a notch
20 May 2013 London
Reporter: Georgina Lavers

Moody's Investors Service has today upgraded Turkey's government bond ratings by one notch to Baa3 from Ba1, and has assigned a stable outlook...

CJEU names a date for UK short selling challenge
17 May 2013 Luxembourg
Reporter: Mark Dugdale

A UK challenge to the extended authority of the European Securities and Markets Authority under the EU Regulation on Short Selling will be heard in the Court of Justice of the EU on 11 June...

J.P. Morgan AM to launch a global convertibles income fund
16 May 2013 London
Reporter: Georgina Lavers

J.P. Morgan Asset Management is set to launch a global convertibles income fund that promises investors high income with the potential for capital growth...

Not much sec lending left in Switzerland, suggests Swisscanto
15 May 2013 Switzerland
Reporter: Georgina Lavers

The dramatic events that took place in the capital markets in 2008 have led pension institutions to rethink their approaches to securities lending...

Risk assets are prevalent in US triparty repo, says Fitch Ratings
15 May 2013 New York
Reporter: Georgina Lavers

Risk assets remain prominent in US triparty repo, said Fitch Ratings after its analysis of data from the Federal Reserve Bank...