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J.P. Morgan Announces Auto Substitution
20 May 2010 New York
Reporter:

J.P. Morgan announced Auto Substitution, new functionality that enhances the operating model of the U.S. Tri-Party Repo market in support of the recommendations issued by the Payments Risk Committee-sponsored Tri Party Repo Infrastructure Task Force.

No more naked in Germany
19 May 2010 Frankfurt
Reporter:

General Decree of the Federal Financial Supervisory Authority (BaFin) on the prohibition of uncovered short-selling transactions in debt securities of Member States of the EU whose legal currency is the euro of 18 May 2010

Tri-Party Repo Reform
17 May 2010 New York
Reporter:

The Federal Reserve Bank of New York today announced the publication of a white paper on the work of the Tri-Party Repurchase Agreement (Repo) Infrastructure Reform Task Force. The white paper highlights policy concerns over weaknesses

State Street acquires Intesa Sanpaolo's Securities Services business
17 May 2010 Boston
Reporter:

State Street Now the Largest Investment Service Provider in Italy; Expands Presence in Luxembourg. Gains Long-Term Investment Servicing Agreement with Eurizon Capital, the Largest Fund Manager in Italy

NEW - BondLend, securities finance technology for fixed income
17 May 2010 New York
Reporter:

BondLend announced today the roll-out of its Securities Finance platform targeted specifically to the fixed income lending and repo community.

BNY Mellon Asset Servicing tops two
16 May 2010 Pittsburgh
Reporter:

BNY Mellon Asset Servicing, has been ranked No.1 in the Single Provider and USD 1-10 Billion categories within Global Custodian magazine's 2010 Securities Lending survey.

Systemic short sale wrist slap
13 May 2010 Washington, D.C
Reporter:

FINRA Fines Deutsche Bank Securities, National Financial Services a Total of $925,000 for Systemic Short Sale Violations. Both Firms Facilitated Customer Execution of Short Sales Through Direct Market Access Order Systems That Violated the 'Locate'

Unlawful Short Selling
12 May 2010 Washington, D.C.
Reporter:

The Securities and Exchange Commission today charged two Boca Raton residents for engaging in illegal short selling of securities in advance of participating in numerous secondary offerings to make illicit profits.

Credit Suisse agrees to buy Fortis Bank Nederland’s PFS business
10 May 2010 Zurich
Reporter:

Credit Suisse has entered into an agreement to purchase from Fortis Bank Nederland its Prime Fund Solutions business ("PFS"), a leader in hedge fund administration services. The acquisition enhances Credit Suisse’s offering to alternatives

Data Explorers - US Short Alert
10 May 2010 New York
Reporter:

The latest Data Explorers US Short Alert looks at Sears Holding Corp and Nutri System Inc.

Clearstream on the increase
10 May 2010 Luxembourg
Reporter:

The facts and figures highlighting Clearstream's performance in April and demonstrating a healthier but unsuprising position in relation to April 2009.

Europe loves equity but cash is king in US
07 May 2010 London
Reporter:

A new report shows US-domiciled securities lenders are overwhelmingly focused on cash as collateral, whilst many other jurisdictions have a propensity to accept non‐cash collateral...