Is the sec lending industry experiencing evolution or revolution?
13 October 2017 London
Image: Shutterstock
The securities lending industry is facing an evolution, as opposed to a revolution, attendees heard at the International Securities Lending Association (ISLA) 8th Annual Post Trade Conference.
At the conference, various panel speakers suggested that the industry was going through a period of evolution.
One panel, which included liquidity strategists and heads of collateral operations, agreed there was an evolution in the industry at the moment. A speaker, from a collateral post-trade perspective, explained that 鈥渃ompetition in recent years has become healthier, there鈥檚 been a lot of change鈥�.
Another industry expert agreed, commenting: 鈥淓verything comes back to technology. [Technology] is driving the evolution that changed what we did 10 to 20 years ago.鈥�
However, one panellist asked attendees: 鈥淐an we really say that the post financial crisis is over and that post-crisis regulatory agenda is really complete?鈥�
According to the speaker, 鈥渢here may still be room for more revolution.鈥� He explained: 鈥淲hat will happen if Securities Financing Transactions Regulation (SFTR) goes wrong? We could be looking at European Market Infrastructure Regulation (EMIR) III.鈥�
At the conference, various panel speakers suggested that the industry was going through a period of evolution.
One panel, which included liquidity strategists and heads of collateral operations, agreed there was an evolution in the industry at the moment. A speaker, from a collateral post-trade perspective, explained that 鈥渃ompetition in recent years has become healthier, there鈥檚 been a lot of change鈥�.
Another industry expert agreed, commenting: 鈥淓verything comes back to technology. [Technology] is driving the evolution that changed what we did 10 to 20 years ago.鈥�
However, one panellist asked attendees: 鈥淐an we really say that the post financial crisis is over and that post-crisis regulatory agenda is really complete?鈥�
According to the speaker, 鈥渢here may still be room for more revolution.鈥� He explained: 鈥淲hat will happen if Securities Financing Transactions Regulation (SFTR) goes wrong? We could be looking at European Market Infrastructure Regulation (EMIR) III.鈥�
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