J.P. Morgans Worldwide Securities Services business recently organised and hosted a roundtable with Swedish investors, borrowers and other industry participants including the International Securities Lending Association (ISLA) to debate the current regulatory, risk and execution challenges impacting securities lending.
During the first public industry wide discussion about securities lending held in Sweden in many years, market participants debated the potential benefits as well as the potential challenges relating to lending securities in global markets by Swedish Investors.
Topics included barriers to entry, current and future regulation in Sweden and globally, and the benefits to Swedish funds and to market liquidity. ISLA presented an overview of the current market environment, the impact of the credit crisis and Lehman’s default on lending as well as commenting on the role of short-selling within securities lending.
This forum was very informative and a valuable opportunity to discuss such an important and widely-debated topic with my counterparts and other market participants, says Neal Meacham, head of client management markets securities services at Swedbank and a participant in the roundtable.
D.C.