Mark Lawrence, managing director at BlackRock, Roland Hlawaty, former partner at Milbank Tweed, and Ted Goldthorpe, head of credit at BC Partners, will join the board of directors
Under the Proposed Rule, firms will be required to submit trade and collateral information on all outstanding bilateral repo transactions, providing 33 data elements, including haircut, rate and optionality, on a daily basis
The global securities finance industry generated US$9.89 billion in revenue for lenders in 2022, a 6.6 per cent increase from 2021, according to DataLend
04 January 2023Luxembourg Reporter: Carmella Haswell
Élodie Putz has become head of business management for collateral, lending and liquidity solutions at Clearstream, while James Cherry has been promoted to head of business development for collateral, lending and liquidity solutions
As part of the expansion of its equity business, SMBC Nikko Íø±¬³Ô¹Ï Americas has appointed Ted Langworthy as executive director and head of the equity finance team
This OTC clearing module offers new proprietary enhancements to clearing members, including trade compression, improved risk management functions and valuation procedures
The 3P Transparency project is expected to provide a long-term foundation for collaborations and include guidelines for letters of intent, memoranda of understanding and apportionment of financial costs
The Money Markets Committee cited an informal market survey indicating that settlement rates for closing leg trades were as low as 85 per cent, with lack of available stock and illiquidity in corporate bond markets the primarily reasons for fails