A review and amendment of the regulations regarding lending by banks operating in the United Arab Emirates (UAE) has been agreed upon at a meeting comprising the state’s regulatory bodies...
A “broadly applicable” margin requirement to protect against capital exiting short-term funding markets in the event of a financial crisis would make sense, a US Federal Reserve governor has reportedly said...
The chair of the European Securities and Markets Authority has welcomed the EU’s move to require securities finance transactions to be reported to trade repositories...
Authorised intermediaries can now enter into securities borrowing and lending agreements with clearing members in India, following market calls for the change...
The Federal Reserve Bank of New York’s Reverse Repo Facility could encourage further development of the shadow banking system, according to president and CEO William Dudley...
A number of operators of European securities markets have announced that they will implement the migration to T+1 from T+2 for repo transactions and to T+2 from T+3 for cash transactions...
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...