Securities lending revenue hits record $15.3bn in 2025, EquiLend finds
Global loan balances surpassed $4trn in 2025, with both lender-to-broker and broker-to-broker activity reaching all-time highs.
Securities Finance
SIX names new head of securities finance
Executive brings a wealth of experience across securities finance, repo and collateral management, with previous experience at Leonteq, Citi and EquiLend.
DTCC’s FICC and BNY launch collateral-in-lieu service
The service is supported by BNY’s triparty collateral management and settlement platform and accommodates both “done-away” and “done-with” repo execution models.
Clearstream adds ICBC to tri-party repo network in first for Chinese institutions
Move opens access for offshore counterparties as China’s repo market looks to deepen liquidity and infrastructure.
SEC pushes back compliance dates for rules 10c-1a and 13f-2
Two-year delay on securities lending and short sale transparency rules sparks “Repeal by Extension” concerns.
Deutsche Bank appoints new head of global ASL sales from State Street
Experienced agency securities lending executive to lead global sales team.
Clearstream and Eurex partner with TreasurySpring to expand access to cleared repo markets
Collaboration enables next-day Fixed-Term Funds, broadening institutional access and strengthening resilience in European funding markets.
BNY becomes first agent lender to clear SFTs via Cboe Clear Europe
Milestone marks the extension of Cboe Clear Europe’s securities financing transaction service to UCITS clients through a new collateral model.
Citi goes live on Pirum’s TradeConnect platform
The bank becomes one of the first major institutions to execute trades on the new pre-trade connectivity network, developed with input from industry participants.
Euroclear and Transcend unveil joint collateral optimisation service
Collaboration combines Euroclear’s infrastructure with Transcend’s technology to address growing collateral and liquidity pressures.