All latest securities finance news

WFE: Market activity has ‘swiftly’ recovered from COVID-19

23 February 2021 UK
Reporter: Maddie Saghir

The WFE says the markets remained open and functioning despite the exceptional circumstances in 2020, but, after the peak in uncertainty observed in March, markets quickly recovered

Cowen sees YoY securities finance earnings boost

22 February 2021 US
Reporter: Alex Pugh

The US multinational’s broker-dealer saw institutional services, including securities finance, revenue increase by almost a third YoY

US House considers calls for enhanced short selling disclosures after GameStop saga

19 February 2021 US
Reporter: Alex Pugh

A half-forgotten section of the US Dodd-Frank Act is being eyed as a vehicle to enact greater oversight of short selling activities and stamp-out perceived market manipulation

Exclusive: Morgan Stanley’s O’Flynn hands the BRM reins to Patel

19 February 2021 UK
Reporter: Drew Nicol

Ciaran O’Flynn is set to hand over control of Morgan Stanley’s BRM business to Tejash Patel and is expected to assume a new leadership role after five years reforming the division’s sales, trading and treasury functions

ICMA publishes first update to SFTR guide post-Brexit

19 February 2021 UK
Reporter: Drew Nicol

The ERCC’s SFTR taskforce has updated its reporting guide a sixth time to reflect new guidance on Brexit, settlement fails and LEIs, among other changes

Canadian pension fund CPP Investments joins GPFA

19 February 2021 Canada
Reporter: Drew Nicol

CPP Investments brings $475.7 billion in assets under management (as of 31 December 2020) to the peer-to-peer lending pool the association is forming, which already accounted for more than $6 trillion from 11 members as of January

Charles Schwab lending earnings soar after TD Ameritrade deal

18 February 2021 US
Reporter: Drew Nicol

Following its acquisition of TD Ameritrade, Charles Schwab recorded more securities lending revenue in one quarter than it did in all of 2019

Philippines inches closer to allowing short selling

18 February 2021 Philippines
Reporter: Alex Pugh

The archipelago nation is seeking approval for the use of offshore collateral before welcoming short selling to the market

Melvin Capital founder heads to the hill for GameStop hearing

18 February 2021 US
Reporter: Alex Pugh

Melvin Capital CIO’s testimony before the US House Committee on Financial Services will defend the fund’s short selling practices and highlight the personal attacks he endured during January’s events

HSBC to relaunch ETF lending programme, excluding ESG funds

18 February 2021 UK
Reporter: Drew Nicol

HSBC Global Asset Management is relaunching its securities lending programme for 25 ETFs next month but will exclude seven sustainable equity funds, representing a combined £285 million AUM, on ESG grounds

EC will not act on BaFin’s Wirecard negligence in 2021

17 February 2021 Belgium
Reporter: Drew Nicol

The European Commission says it will not act on the ESMA’s findings of German regulatory negligence over Wirecard until domestic investigations conclude next year

Short seller takes one for the team

17 February 2021 US
Reporter: Alex Pugh

Hindenburg Research is making the positive case for activist short sellers by releasing a report into a healthcare firm it says is defrauding elderly customers and misleading retail investors, while refusing to profit from a short position

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