All latest securities finance news

ISLA releases SBL guide for Saudi Arabia

20 February 2024 Saudi Arabia
Reporter: SFT

The first in a series of SBL guides that the association will release during 2024, this volume has been compiled with insights from ISLA members, working groups and strategic counsel from Latham & Watkins

BoE acquires powers to restrict CCP discretionary payments

19 February 2024 UK
Reporter: Bob Currie

The UK central bank now has further powers to limit CCP discretionary payments to employees and shareholders, with these powers limited to five years’ duration and with consideration to be given to their impact on CCP hiring and staff retention

Vaisanen swaps Clearstream for BNY Mellon

19 February 2024 Australia
Reporter: Sophie Downes

Based in Sydney, Otto Vaisanen will focus on clearance and collateral

Westcarr joins Blackrock

19 February 2024 UK
Reporter: Sophie Downes

Joshua Westcarr joins the firm from UBS, where he started in 2019

CIRO proposes amendments to fully paid securities lending rules

16 February 2024 Canada
Reporter: Carmella Haswell

The amendments aim to enhance the rule framework regarding retail fully paid securities lending, as well as to address inconsistencies in the existing financing rules

JSE Clear to accept securities as collateral to improve cash liquidity

16 February 2024 South Africa
Reporter: Sophie Downes

The service allows investors to utilise their cash for different purposes, alleviating cash liquidity pressures and reducing their costs of cash funding

Citi, WisdomTree and Wellington Management conduct tokenisation trial for private funds

16 February 2024 US
Reporter: SFT

This tested the tokenisation of a private equity fund issued by Wellington, with ABN AMRO fulfilling the role of a traditional investor. The proof of concept was conducted on the Avalanche Spruce Institutional test Subnet

BNY launches digital direct-to-custody trading

15 February 2024 US, Europe
Reporter: Lucy Carter

The integrated trading solution automates end-to-end, trade-to-settlement processing and allows clients to place equity, ETF and US Treasury orders directly from their accounts

MUFG appoint Al Sharif to head GCIB for MENA

15 February 2024 Middle East, Africa
Reporter: Sophie Downes

Wael Al Sharif succeeds Elyas Al Gaseer who has held the post of head of global corporate and investment banking since 2013

DTCC M2i workflow found to boost settlement efficiency

14 February 2024 US
Reporter: Lucy Carter

This has been achieved through the use of DTCC’s CTM Match To Instruct workflow in Q4 of 2023, the company says

CPMI-IOSCO launch consultation on VM processes in cleared markets

14 February 2024 Switzerland
Reporter: Bob Currie

The consultation report, Streamlining Variation Margin in Centrally Cleared Markets, outlines eight practices for promoting effective VM processes and transparency between CCPs, clearing members and their clients

ESMA withdraws Euronext Paris SA’s approval as a data reporting service

14 February 2024 France
Reporter: Carmella Haswell

The withdrawal follows the notification by Euronext to renounce its authorisation under conditions set out in Article 27e(a) of MiFIR

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