The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Tag: Short selling
A study from EY and PASLA found 89% of its members believe securities lending is compatible with ESG principles.
Trade associations including AIMA and FIA EPTA have said the short selling restrictions have failed to curb volatility and could pose long-term damage.
Restrictions in short selling in Austria, Belgium, France, Greece and Spain have been extended despite warnings of unintended consequences.
BBH appointed two long-time members of the business as co-heads of global securities lending, replacing Keith Haberlin who was appointed as head of BBH’s FinTech department.
Authorities in Spain, Italy, France and the UK have all enforced bans on creating or increasing short positions on some securities in response to significant declines across Europe’s equities markets.
The Japanese pension fund giant has halted securities lending from its foreign equity portfolio citing a lack of transparency over the process.
Respondents to Deutsche Bank’s Alternative Investment Survey believe Asia is the most sought-after investment region for the first time since 2010.
Regulators around the world have passed similar stricter rules on short selling of listed securities.