Regulatory fixes top priority list for securities lending association
Addressing data issues and the dual-reporting regime set out in SFTR were among the top priorities for ISLA.
Securities Finance
World’s largest pension fund suspends securities lending programme over transparency issues
The Japanese pension fund giant has halted securities lending from its foreign equity portfolio citing a lack of transparency over the process.
New DLT-based securities lending platform executes first transactions with banks
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
SGX introduces new securities lending fees to boost volumes
SGX stated the new rates would make it more attractive for institutional investors to borrow, and could result in higher volumes.
Pirum Systems lures talent from top tier banks in suite of new hires
The four new hires will help bolster its services in the run-up to major new regulations in 2020 such as SFTR and CSDR.
MarketAxess automates repo trade confirmation with Citadel and JP Morgan
The MarketAxess trade confirmation engine aims to reduce risks and provide greater post-execution control by automating the process.
Global custodians advance peer-to-peer initiatives for securities lending
The peer-to-peer model appears to have turned a corner as global custodians rollout a number of initiatives to encourage end-users to transition.
Market structure changes to shake up repo trading
Sponsored clearing services among factors leading to a major rise in aggregate cleared repo and reverse repo volumes.
JP Morgan continues to build out agency lending team with new EMEA trading head
JP Morgan has spent the last year implementing a new look to its global agency securities lending team.
State Street launches peer-to-peer securities lending platform
The platform could serve as a significant boost to State Street’s position as an alternative to the bulge-bracket prime brokers in the securities lending market.