The European Commission intends to endorse the draft regulation but will amend certain details ahead of implementation.
The watchdog has called upon UK and German regulators to revise national exemptions on collateral requirements within the UCITS framework.
The trade marks the end of a nine-month journey for PGGM after it signed up as the first buy-side clearing member of Eurex’s securities lending CCP.
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
Digital Asset’s head of Europe sees potential opportunity through distributed ledger technology in settlement for securities lending between when counterparties want to settle.
Morgan Stanley and Dutch Pension fund PGGM are in the final stages of testing to become the first to use the EquiLend Clearing Services connectivity to access Eurex Clearing’s securities lending CCP.
DTCC intends to submit an application to become a registered trade repository under SFTR.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
The securities lending and prime brokerage divisions of five banks and Vanguard have joined the SFTR design partner group.
Goldman Sachs partnered last year with Fidelity Custody and Clearing Solutions to provide securities lending services to smaller-sized clients.