In a February 2014 letter, SEC staff granted relief requested by Nuveen Advisors for its lending agent, U.S. Bank National Association, to negotiate rebate rates...
ICMA’s European Repo Council has called for regulators to consider the impact of financial regulation on the movement of collateral, highlighting the potential systemic risks of inhibiting collateral fluidity...
ICMA’s European Repo Council (ERC) has launched its updated guide to best practice in the European repo market, which gives practical guidelines for traders and legislators alike...
24 February 2014Washington DC Reporter: Mark Dugdale
Credit Suisse has agreed to pay $196 million after admitting that it broke US securities laws when it provided cross-border brokerage and investment advisory services without registering with the Securities and Exchange Commission...
ESMA’s proposal to ease up on certain collateral diversification rules contained in its guidelines for ETFs and other UCITS has been met with open arms by the International Securities Lending Association...
The EU court’s decision to reject Britain’s appeal over short selling is skeletal and in parts opaque, but there is no avenue of appeal, said lawyers from Mayer Brown...
23 January 2014 Brussels Reporter: Georgina Lavers
The UK government’s efforts to curb the power of EU financial watchdogs were in vain, after it was ruled that Brussels has the power to ban short selling...
22 January 2014Luxembourg Reporter: Georgina Lavers
Bilateral business is attracting repo participants because central counterparty (CCP) haircut policies are too onerous, said a panel of experts at the 18th Global Securities Finance Summit in Luxembourg...
Frank Mayer, Timothy McTaggart and Jonathan Levin of law firm Pepper Hamilton LLP have asserted that “location, location, location” is the most important aspect of the Volcker Rule’s requirements on foreign banking entities...
23 December 2013Washington Reporter: Georgina Lavers
The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank Securities $6.5 million due to financial and operational deficiencies in its enhanced lending programme...
