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 articles

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.

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...

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.

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

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

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.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.