Interactive Brokers fined $5.5 million for violating short selling rules
FINRA has fined Interactive Brokers for failing to comply with short selling rules between 2012 and 2015.
Securities Finance
European Commission to endorse SFTR, with go-live 2020
The European Commission intends to endorse the draft regulation but will amend certain details ahead of implementation.
ESMA hits out at UK and German regulators over CSD lending exemptions
The watchdog has called upon UK and German regulators to revise national exemptions on collateral requirements within the UCITS framework.
PGGM executes first cleared securities lending trade
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.
Northern Trust makes enhancements to collateral management capabilities
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
New form of securities lending could be born out of blockchain settlement
Digital Asset’s head of Europe sees potential opportunity through distributed ledger technology in settlement for securities lending between when counterparties want to settle.
PGGM joins Eurex Clearing’s securities lending CCP
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 partners with SFTR data firms for reporting solution
DTCC intends to submit an application to become a registered trade repository under SFTR.
Industry attention turns to SFTR as other regulations pass
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
Vanguard, Citi and Morgan Stanley join IHS Markit SFTR reporting service
The securities lending and prime brokerage divisions of five banks and Vanguard have joined the SFTR design partner group.