Brexit: next three years ‘crucial’ for sec lending industry
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Brexit: next three years ‘crucial’ for sec lending industry 13 October 2017London Reporter: Jenna Lomax
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The next three years will be crucial in deciding where the industry goes in terms of Brexit, according to a panelist at the International Securities Lending Association (ISLA) 8th Annual Post Trade Conference.
The panel, which included business heads from various financial services firms, discussed how the UK’s exit from the EU will affect the securities lending industry and how fintech could make the process easier for trading.
According to one panellist, fintech will “ensure technological aspects are available post 2019 when the UK leaves the EU”.
The speaker said: “I have faith that servers in [the UK] will successfully prove the technology now available can stand up to the challenges Brexit might bring.”
However, another panellist suggested that three years might not be enough time to tell how Brexit will play out for the securities lending industry.
The speaker explained: “We’re in the middle of significant change with imposing requirements constantly shuffling, the whole securities chain will be impacted by Brexit.”
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