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Banks complete uncleared bilateral margin payments on Fnality
29 October 2024 UK
Reporter: Carmella Haswell

Banco Santander, Lloyds Banking Group, and UBS achieved the milestone using a digital representation of central bank funds on the Sterling Fnality Payment System

SEC postpones FINRA’s Rule 6500 SLATE again
29 October 2024 US
Reporter: Carmella Haswell

After previously extending the time period to reach its decision, the SEC has now filed a notice of designation of longer period for commission action on proceedings to determine whether to adopt the FINRA Rule 6500 Series

Cboe Europe and Aquis Exchange to explore equity consolidated tape
29 October 2024 Netherlands
Reporter: Carmella Haswell

The move comes after the European Commission mandated the creation of a single entity to operate a real-time pre and post-trade CT for equities for five years as part of the MiFIR Review

CIBC Mellon amalgamates its two sister companies into one entity
29 October 2024 Canada
Reporter: Carmella Haswell

Once united to become a single entity, the firm will operate solely as CIBC Mellon Trust Company

China launches new lending tool
28 October 2024 China
Reporter: Daniel Tison

China’s central bank will use outright reverse repos to trade with primary dealers in open market operations once a month, with a tenor of less than one year

SEC adopts new rule for covered clearing agencies
28 October 2024 US
Reporter: Carmella Haswell

The US Securities and Exchange Commission has also adopted new amendments regarding a covered clearing agency’s collection of intraday margin

AIIB completes US$200m DNN tap issuance through Euroclear
25 October 2024 China
Reporter: Daniel Tison

This addition brings the total issued amount to US$500 million, enhancing AIIB’s sustainable development bond programme

ECMS official launch date announced
25 October 2024 EU
Reporter: Daniel Tison

National central banks of the euro area and their counterparties will test the system in a stable environment to ensure user readiness ahead of its official launch

FINRA issues US$475,000 fine to Interactive Brokers
24 October 2024 US
Reporter: Carmella Haswell

It was found the firm violated Exchange Act 15(c) and Exchange Act Rule 15c3-3(b)(l) when it returned shares to customers and thereby created or increased segregation deficits

EquiLend announces new CEO
23 October 2024 US
Reporter: Carmella Haswell

Rich Grossi takes on the new role following the departure of former EquiLend CEO Brian Lamb

OCC appoints Keller and West to board of directors
23 October 2024 UK
Reporter: Carmella Haswell

Rachelle Keller and Mike West have joined the board, collectively bringing over 60 years of experience in the financial markets

ECB trial participants process cleared repo transactions on DLT
23 October 2024 Europe
Reporter: Carmella Haswell

Clearstream, ABN Amro Bank, ABN Amro Clearing, Rabobank, Eurex Clearing, and Eurex Repo were all involved in the transaction which took place during the ECB trials