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TD Securities forms markets prime services leadership team
25 November 2024 US
Reporter: Carmella Haswell

The team will consist of Ron Chin, Michael McBrien, and Matt Popkin, who will take on their new responsibilities in addition to their current roles

Cboe Clear Europe secures regulatory approval to launch SFT clearing
25 November 2024 Europe
Reporter: Carmella Haswell

The pan-European clearing house is set to introduce a “first-of-its-kind” service for European SFT transactions in cash equities and ETFs

US court vacates SEC Dealer Rule
22 November 2024 US
Reporter: Daniel Tison

On the grounds that it exceeds the regulator’s statutory authority, a district court in Texas decided to vacate the final rule entirely

Economou retires as Chief Investment Officer at eSecLending
22 November 2024 US
Reporter: Daniel Tison

After spending more than 12 years with the independent third-party securities lending agent, Peter Economou will depart eSecLending at the end of this year

Global PSSL promotes Riggs to Chief Programme Advisor
21 November 2024 UK
Reporter: Daniel Tison

This advisory appointment aims to strengthen Global PSSL in its mission to improve securities finance and the broader sustainable finance sector

BNY increases offer in Abu Dhabi Global Market
21 November 2024 UAE
Reporter: Daniel Tison

Category 4 licence allows BNY to arrange custody, act as administrator of collective investment funds, as well as arrange credit and deals in investments

PASLA welcomes GLMX as new member
20 November 2024 Asia
Reporter: Daniel Tison

With offices in North America, the UK, and APAC, GLMX is a global fintech company, providing technology for equities, fixed income, repo, and securities lending

Hanwha Life to acquire majority stake in Velocity Clearing
20 November 2024 South Korea
Reporter: Daniel Tison

With this acquisition, the life insurance company hopes to secure a foothold in the US financial sector

ESMA finalises technical advice on CSDR penalty mechanism
20 November 2024 EU
Reporter: Daniel Tison

The advice aims to incentivise all actors in the chain to improve settlement efficiency, following the recent proposal on the EU move to T+1

Participants raise concerns over SEC’s Treasury clearing mandates
19 November 2024 US
Reporter: Daniel Tison

An ION-partnered Acuiti research revealed an industry-wide uncertainty about the viability of current mandate deadlines and the overall level of returns

SASLA selects Govender to chair collateral forum
19 November 2024 South Africa
Reporter: Carmella Haswell

Joshua Govender is currently business development lead for Africa and the UK at VERMEG for Banking and Insurance Software

ESMA proposes ‘coordinated’ EU move to T+1 by October 2027
18 November 2024 EU
Reporter: Daniel Tison

In its final report, the EU’s financial markets regulator and supervisor highlights the long-term benefits for European markets prompted by a shorter settlement cycle