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ISDA: Letter To The EBA On SA-CCR

Date 13/10/2023

On October 13, 2023, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint letter responding to the European Banking Authority (EBA) on its report on the standardized approach for counterparty credit risk (SA-CCR).
Short Sale Disclosure: Striking The Right Balance, SEC Commissioner Jaime Lizárraga, Oct. 13, 2023

Date 13/10/2023

As with securities lending, short sales, provided they are conducted in compliance with applicable rules, can play a valuable price discovery role in our capital markets. That said, they can sometimes contribute to, or even cause, precipitous price declines, facilitate market manipulation, and generate market uncertainty and volatility.
Shining A Light On Securities Lending, SEC Commissioner Jaime Lizárraga, Oct. 13, 2023

Date 13/10/2023

Securities lending plays an important role in our capital markets. It facilitates market-making, trade settlement, and price discovery. Market participants depend on it to meet short-term liquidity needs. But the lack of transparency in this market can also contribute to systemic risk.
ISDA-Clarus RFR Adoption Indicator: September 2023

Date 13/10/2023

The ISDA-Clarus RFR Adoption Indicator fell to 60.3% in September 2023 compared to 66.1% in August 2023. The drop was driven by a decline in SOFR trading due to increased trading activity in the effective federal funds rate. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference risk-free rates (RFRs) in eight major currencies. On a traded notional basis, the percentage of RFR-linked IRD dropped to 58.3% of total IRD transacted in September 2023 compared to 62.1% the prior month.
SEC Adopts Rule To Increase Transparency Into Short Selling and Amendment To CAT NMS Plan For Purposes Of Short Sale Data Collection

Date 13/10/2023

The Securities and Exchange Commission today adopted new Rule 13f-2 to provide greater transparency to investors and other market participants by increasing the public availability of short sale related data. Congress directed the SEC in Section 929X of the Dodd-Frank Act of 2010 to promulgate rules to make certain short sale data publicly available.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Deputy Prime Minister And Minister Of Economy And Finance Of The Republic Of Korea Choo Kyung-ho

Date 13/10/2023

Yesterday, U.S. Secretary of the Treasury Janet L. Yellen met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Choo Kyung-ho on the sidelines of the IMF World Bank Annual Meetings in Marrakech, Morocco. Secretary Yellen discussed recent macroeconomic developments and economic security issues. The Secretary looks forward to a trilateral U.S., South Korea, Japan Finance Ministers meeting, as decided by Leaders at Camp David in August.
Statement On Final Rule Regarding Securities Lending, SEC Chair Gary Gensler, Oct. 13, 2023

Date 13/10/2023

Today, the Commission is considering whether to adopt a final rule regarding the securities lending market. I’m pleased to support this final rule because it will bring greater transparency and efficiency to this important part of the capital markets.
SIFMA Statement On SEC Securities Lending Rule

Date 13/10/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen on the securities lending rule approved today by the Securities and Exchange Commission (SEC):
Nigerian Exchange Weekly Market Report For October 13th, 2023

Date 13/10/2023

A total turnover of 1.470 billion shares worth N24.431 billion in 29,683 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.410 billion shares valued at N22.115 billion that exchanged hands last week in 27,965 deals.
SEC Adopts Rule To Increase Transparency In The Securities Lending Market

Date 13/10/2023

The Securities and Exchange Commission today adopted new Rule 10c-1a, which will require certain persons to report information about securities loans to a registered national securities association (RNSA) and require RNSAs to make publicly available certain information that they receive regarding those lending transactions. The rule is intended to increase the transparency and efficiency of the securities lending market.