ICSF ranks continue to swell with agent lenders 07 August 2020London Reporter: Drew Nicol
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The International Securities Lending Association鈥檚 Council for Sustainable 麻豆影视传媒 (ICSF) has inked a new batch of partnerships with prominent agent lenders.
eSecLending, J.P. Morgan, RBC Investor & Treasury Services and State Street are the latest to sign-up to promoting ICSF鈥檚 principles for sustainable securities lending (PSSL).
They follow , which was the first bank and agent lender to partner with the bank in July.
In his latest blog post, ICSF鈥檚 chair, Radek Stech, writes: 鈥淚 am delighted to report that the ICSF family has grown once again 鈥� I cannot emphasise enough the value we place on these relationships, each offering their own wealth of wisdom and experience with which to reinforce the Council鈥檚 ongoing mission.鈥�
Stech, who is also an expert in environmental law and senior lecturer at the UK鈥檚 University of Exeter, adds that the partners will help the council grow its beneficial owner base across Europe, the Middle East and Africa.
The acceptance of agent lenders as partners marks the second phase of the council鈥檚 plans to develop, refine and promote the PSSL as a global framework for aligning environmental, social and governance standards.
When the ICSF first formed in February it was focused on creating a broad alliance of the largest beneficial owners in the securities lending market to join as members and contribute to developing the PSSL.
It also formed partnerships with industry associations around the world to ensure the principles had a global impact.
In July, when ICSF first opened its doors to agent lenders, Stech told SLT that banks are encouraged to contact him directly to discuss becoming a partner and contributing to the council鈥檚 mission.
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