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.
The two post-trade service providers will combine their capabilities in securities lending, reporting and market data to provide a joint SFTR solution.
Broadridge has launched a trade reporting offering to help clients meet SFTR needs.
James Cherry has joined Pirum following a near three-year spell as vice president for global funding and financing at Clearstream.
IHS Markit and Pirum’s are collaborating to tackle the reporting requirements of the SFTR.
The FSB has stressed potential issues of access and leverage which may occur through re-hypothecation of assets and collateral re-use.
The latest batch of RTS for article 4 of SFTR will not come into force until Q4 of this year.
ESMA’s latest consultation is in response to a request from the EC to formulate an EU regulation on fees for trade repositories.
Liquidity issues remain a thorn in the side of the securities finance industry even though returns are increasing.