Sec Lending 2014

Rotor-bladesFixed income lending will gather pace once prices of high quality assets increase. The pulling of QE was not enough to increase activity, finds Lynn Strongin Dodds. 

MeadowThe cost of collateral transformation could mean fund managers will prefer collateral optimisation instead, finds Lynn Strongin Dodds.

HedgeLending out securities could help hedge funds balance losses or lift returns after they have struggled to beat the broader market. Stefanie Eschenbacher explores the changing role of hedge funds in the securities lending market.

David-RaccatExpansion can be one of the greatest challenges, but also one of the greatest opportunities for a firm. David Raccat, head of global markets, and head of market and financing services (Asia Pacific) for BNP Paribas Securities Services, discusses the firm’s strategy for becoming more global.

Nick Fitzpatrick chaired a wide-ranging discussion among leading securities finance experts. Topics include the role of Ucits funds in securities lending, and regulation affecting the industry. Basel III, where banks will need to borrow high-quality assets for funding purposes, is considered a game-chaning opportunity for beneficial owners. But fund boards face the challenge of understanding the risks of lending.

IndicesDataLend increased its offering in the securities finance data business recently with the launch of the Target 50 index. Ben Glicher, product owner of DataLend, explains what this does. 

ETFsAn efficient ETF lending market in Europe could benefit all participants. Nicholas Pratt examines what is being done to create one.

Stephen KielyRegulation has pushed up securities lending costs and made beneficial owners more aware of risk. Firms such as BNY Mellon have responded with flexibility.

ColumnsThe use of central counterparties is increasingly prominent in many OTC markets but rarely features in European securities lending. Nicholas Pratt looks for an explanation.

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.