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Philippines inches closer to allowing short selling
18 February 2021 Philippines
Reporter: Alex Pugh

The archipelago nation is seeking approval for the use of offshore collateral before welcoming short selling to the market

Melvin Capital founder heads to the hill for GameStop hearing
18 February 2021 US
Reporter: Alex Pugh

Melvin Capital CIO’s testimony before the US House Committee on Financial Services will defend the fund’s short selling practices and highlight the personal attacks he endured during January’s events

HSBC to relaunch ETF lending programme, excluding ESG funds
18 February 2021 UK
Reporter: Drew Nicol

HSBC Global Asset Management is relaunching its securities lending programme for 25 ETFs next month but will exclude seven sustainable equity funds, representing a combined £285 million AUM, on ESG grounds

EC will not act on BaFin’s Wirecard negligence in 2021
17 February 2021 Belgium
Reporter: Drew Nicol

The European Commission says it will not act on the ESMA’s findings of German regulatory negligence over Wirecard until domestic investigations conclude next year

Short seller takes one for the team
17 February 2021 US
Reporter: Alex Pugh

Hindenburg Research is making the positive case for activist short sellers by releasing a report into a healthcare firm it says is defrauding elderly customers and misleading retail investors, while refusing to profit from a short position

AIMA appoints Sarah Riley as US director
16 February 2021 US
Reporter: Natalie Turner

The Alternative Investment Management Association has appointed Texas hedge fund association CEO Sarah Riley as its new US director

BNY Mellon tackles settlement failures with Google Cloud
16 February 2021 US
Reporter: Drew Nicol

The bank says the Google Cloud-powered tools could help clients forecast 40 per cent of daily settlement failures in the US treasury market which sees roughly 2 per cent of trades fail per day

IS Prime expands sales team
15 February 2021 UK
Reporter: Natalie Turner

IS Prime has expanded its sales team with two new appointments including Pirum’s Jodie Barrett

US financial services committee names witnesses for GameStop hearing
15 February 2021 US
Reporter: Alex Pugh

Representatives from Melvin Capital, Robinhood, Reddit, and Citadel are among those due to testify at this week’s US House Committee on Financial Services’ GameStop hearing on “predatory” short selling

AFME: CSDR’s SDR mandatory buy-ins present ‘significant risk’ to Europe’s COVID recovery
12 February 2021 UK
Reporter: Becky Bellamy

AFME highlights the risk of mandatory buy-ins to Europe’s economic recovery from the pandemic and calling for the measure to be removed from the upcoming CSDR

BNY Mellon creates digital assets unit
12 February 2021 US
Reporter: Maddie Saghir

The unit will help clients address growing and evolving needs related to the growth of digital assets including cryptocurrencies, says the bank

International brokers sued over naked short selling allegations
12 February 2021 US
Reporter: Alex Pugh

A Bermuda-based hedge fund has filed a suit in a New York court alleging that CIBC, Bank of America, UBS and TD Bank gamed the market causing shares it held in a major pharmaceutical to tumble in 2016