The securities lending industry is navigating a 鈥渟omewhat tricky鈥 and 鈥渟lightly turbulent鈥 tax environment with increased scrutiny from tax authorities across Europe, according to the Legal & Tax Initiatives 2022/23 panel at the ISLA 30 Conference
Advocacy isn鈥檛 solely about speaking to regulators, ministries and parliamentary bodies, but also advocating to and with market participants, said one panellist at the ISLA 30 Conference
In welcoming attendees to the ISLA 30th Annual 麻豆传媒 Finance & Collateral Management Conference, ISLA鈥檚 chief executive Andrew Dyson reflected in his opening remarks on how the securities lending marketplace has evolved from 30 years ago
The clearing solution will enable clients to trade and automatically submit through the Broadridge SFT Submission Service without a large change in operational processes, also enabling the user to benefit from EquiLend鈥檚 liquidity sourcing options
The mandate means that the Swiss-based asset servicer will control Kepler鈥檚 clearing and settlement, securities lending, custody and reporting services for corporate brokerage
The EU securities market regulator focuses on fostering effective markets and financial stability, strengthening EU financial supervision and improving protection for retail investors in its 2023-28 data programme
According to the firms, the collaboration enables them to reinforce the expertise offered to clients in the field of margin and collateral, bridging derivatives, repo and securities lending
The New York-based post-trade infrastructure provider flags up the release of its sponsored general collateral service in September 2021 as an important driver in fuelling this expansion, with Sponsored GC now passing US$100 billion in daily notional
The Jersey-based financial technology company will work with Clearstream, NatWest, Standard Chartered Bank, Arlingclose, BankClarity and Alpha Group to support the trading of secured deposits and to extend access to wholesale SFT markets
Through consultation with the Corda community, this evolution is driven by scalability, enhanced privacy and security, user friendly dev tools and the new generation platform鈥檚 ability to interconnect and interoperate with other DLT platforms