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South Africa makes the leap to T+3
13 July 2016 Johannesburg
Reporter: Drew Nicol

South Africa’s capital market has initiated its long-anticipated settlement reform by shortening its standard cycle to T+3 from T+5, this week...

Citigroup admits to 15-year blue sheet violation
13 July 2016 Washington DC
Reporter: Drew Nicol

Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the US Securities and Exchange Commission over a 15-year period...

Spanish trading heats up in June
13 July 2016 Madrid
Reporter: Drew Nicol

Equity trading on BME Clearing's exchange has recorded a 25 percent drop off in volume between January and June this year compared to the same period in 2015...

ESMA offers two-year extension for OTC clearing rule
13 July 2016 Paris
Reporter: Drew Nicol

EMIR's requirement for central clearing of OTC derivatives may be pushed back by two-years for small counterparties...

ETFs offering tasty sec lending returns
12 July 2016 Luxembourg
Reporter: Drew Nicol

European and Asian exchange-traded funds are currently offering particularly attractive lending returns in their equity securities lending rates, according to Clearstream chair Jeffrey Tessler...

State Street joins margin settlement pilot programme
12 July 2016 Brussels
Reporter: Drew Nicol

Euroclear and the Depository Trust & Clearing Corporation have secured State Street as a participant in a pilot programme to test their joint venture’s margin settlement messaging service...

Clearing industry criticises leverage ratio
12 July 2016 Basel
Reporter: Drew Nicol

The Basel leverage ratio fundamentally threatens the business model of clearing members and will endanger the stability of the global financial markets, according to a joint industry comment letter...

PwC: global growth on the cards for ETFs
11 July 2016 New York
Reporter: Drew Nicol

The global exchange-traded fund market is gearing up for a growth spurt, according to a survey by PwC...

Leverage ratio needs omissions, say associations
08 July 2016 London
Reporter: Drew Nicol

Five financial industry associations have joined forces to express their strong concern about the implications of including central bank cash balances within Basel III’s leverage ratio framework...

Clearstream: banks on track for T2S
08 July 2016 Frankfurt
Reporter: Stephanie Palmer

The vast majority of banks are confident that they’re prepared for implementation of TARGET2-Securities (T2S), according to a survey by Clearstream and Accenture...

Consob bans short selling of Italian bank shares
07 July 2016 Rome
Reporter: Drew Nicol

Italian financial services regulator Consob has been forced to impose multiple short selling bans on the share of the country’s banks this week after the financial sector suffered fierce market turbulence...

Microsoft’s Turner takes the helm at Citadel Securities
07 July 2016 Chicago
Reporter: Drew Nicol

Citadel Securities has tapped Microsoft COO Kevin Turner to fill its vacant CEO position...