The companies, products and regulatory developments shaping the broker industry.
BNY and State Street disclosed $1.133tn of securities-lending indemnities against $1.203tn of collateral. The gross promise is not expected loss, but it reveals a major contingent mechanism behind agency lending.
Two October developments extend the bank’s payment connections. The practical gain for trading businesses depends on whether the destination account sits inside the relevant service.
VeriCORE will initially cover auto loans and leases, with an independent governing entity and a 2027 launch target.
A two-year note settled on BNY’s private ledger within minutes and then backed overnight financing. The completed workflow connects faster settlement with collateral use, while broader round-the-clock services remain on BNY’s roadmap.