All latest securities finance news

Cum-ex lawyer Hanno Berger given eight-year sentence

15 December 2022 Germany
Reporter: SFT

In a decision announced yesterday in the Bonn courts, Berger has also been required to repay more than €13.5 million that he was deemed to have generated illegally through cum-ex trading and tax improprieties

LCH SwapClear extends eligibility to SWESTR and DESTR risk-free rates

14 December 2022 UK
Reporter: SFT

The clearing house indicates that these trades confirm its commitment to supporting benchmark transition in cleared and bilateral Nordic markets and the reform of interest-rate benchmarks worldwide

Sharegain appoints Finkel

14 December 2022 UK
Reporter: Carmella Haswell

Ahikam Finkel joins the firm as vice president of research and development, where he will draw on 20 years of experience to scale and manage Sharegain’s R&D capabilities

Banks must apply a prudent approach when providing funding to LDIs, says BoE

14 December 2022 UK
Reporter: Bob Currie

In its latest Financial Stability Report, the Bank of England finds that the UK banking sector is resilient to a further economic downturn, but it recognises a need to monitor the build up of stress in LDI funds and the NBFI sector

Broadridge and Strate streamline proxy voting lifecycle in South Africa

14 December 2022 South Africa
Reporter: Carmella Haswell

Integrating their respective end-to-end processing solutions, the firms indicate that users of the service can streamline processes and strengthen operational efficiency throughout the proxy voting lifecycle in South Africa

Clearstream’s GSF business contracts 5% in volume outstanding for November

14 December 2022 Luxembourg
Reporter: Carmella Haswell

Clearstream’s Global Securities Finance business declined 5 per cent YoY to €551.6 billion in volume outstanding during November, according to its monthly figures

ISDA publishes standards for verified carbon credits

13 December 2022 US
Reporter: Carmella Haswell

The documents have been designed to allow parties to accept a wide pool of VCCs for delivery and support trading of carbon credits across carbon standards and registries

Swiss banks advance tokenisation PoC as foundation for alternative financial infrastructure

13 December 2022 Switzerland
Reporter: Bob Currie

Participants indicate that trial lays foundations for an alternative Swiss post-trade infrastructure functioning without CCP or CSD, enabling reduced cost and complexity across the securities transaction lifecycle

BNY Mellon launches Korea pledge model

13 December 2022 US
Reporter: Carmella Haswell

With the Korea pledge model in triparty, BNY Mellon says that equities and Korean treasury bonds can be utilised more efficiently as collateral

LSEG partners with Microsoft to deliver cloud-based infrastructure and advances in data analytics

12 December 2022 UK
Reporter: Bob Currie

Through this strategic partnership, LSEG will enter into a 10-year commercial arrangement to migrate its data platform and tech infrastructure into Microsoft’s Azure cloud, with Azure Machine Learning working with LSEG on new gen analytics solutions

UK government launches consultation on short-selling practices

09 December 2022 UK
Reporter: Bob Currie

Through its review of the Short Selling Regulation, the government aims to gauge whether the UK’s approach to regulating the short selling of shares reflects the current circumstances of the post-Brexit UK market

UK government explores T+1 settlement potential with new taskforce

09 December 2022 UK
Reporter: Carmella Haswell

Led by Charlie Geffen, the Accelerated Settlement Taskforce will explore the potential for T+1, assess current settlement performance, and provide recommendations for the move to a faster settlement

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