The Best Practices are the result of the collaborative efforts of a working group of buy-side and sell-side market participants, under the auspices of the ISDA Collateral Steering Committee.
Earlier today Premier Global Âé¶¹´«Ã½ Lending released a statement announcing that Peter Economou, Paul Lynch, Suzanne Lee, Michael McAuley, William Locke, Oberon Knapp, Larry Albaugh and Michael Landolfini are joining the company as part of the ma
Rob Ferguson, vice president, product and client service, global securities lending, and Robert Chiuch, vice president, head of trading, global securities lending, will share cross-functional responsibilities in replacing James Slater.
Market regulator SEBI today relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling. FIIs now have to disclose the information on a weekly basis instead of daily.
A USD40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, alleging improper investment advice with regard to the county's securities lending portfolio prior to the market crash in 2008. The case number is 2010 CA 006579NC.
BNY Mellon has been chosen by Goldman Sachs International (GSI) to provide a segregated sub-custody service to GSI's prime brokerage clients through Montague Place Custody Services (MPCS).
BNY Mellon Asset Servicing has appointed James Slater to the newly created role of managing director and chief operating officer for Global Âé¶¹´«Ã½ Lending. Slater will report to Kathy Rulong, executive director of Global Âé¶¹´«Ã½ Lending
Pershing LLC, recently announced the availability of an independent study, Lending and Leverage: The New Âé¶¹´«Ã½ Finance Model for Hedge Funds, which examines the changing business model of securities financing for hedge funds in 2010 and beyond