Global

The report, issued in collaboration with D2 Legal Technology, evaluates work done on the GMRA Clause Library and Taxonomy and outlines the next stages of the project

Total initial margin collected by the 20 largest dealer firms rose to US$286 billion at the end of 2021, according to the latest ISDA Margin Survey, but IM posted to CCPs against IRD and CDS contracts dipped 2.2% YoY to US$323.4 billion

The global securities finance industry delivered US$828 million in lending revenue in April 2022, with average fee rates for North American equities rising 39 per cent compared with April 2021

Continued volatility in equity markets drove an average daily notional value of US$139 billion, a new record on its NGT trading platform, with EMEA being a standout region

The paper series explores the digital assets technology space and its connection to the securities lending and financing markets, with reference to smart contracts, distributed ledgers and blockchain

ISLA and ICMA have released updates to legal opinions for the Global Master Securities Lending Agreement and Global Master Repurchase Agreement, the most widely used legal agreements for securities lending and repo transactions

Michel Everaert joins CME Group as head of EMEA at CME’s London office, while Russell Beattie becomes head of Asia Pacific at the firm’s Singapore branch

The solution comes ahead of initial margin wave 5, with an objective to ensure full, end-to-end straight-through processing connectivity, preparing the industry for Phase 6 of the Uncleared Margin Rules