Global PSSL issues two progress reports and announces review of workstreams
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Global PSSL issues two progress reports and announces review of workstreams 05 October 2021US Reporter: Carmella Haswell
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Global Principles for Sustainable Securities Lending (Global PSSL) has released two progress reports which provide an overview of the firm’s work on market standards for the securities lending sector.
These workstreams aid the implementation of high-level principles and act as an opportunity for the securities lending industry to engage in dialogue that makes an impact, according to Global PSSL.
Over the past year, four workstreams have been organised by Global PSSL including; Global Engagement, Governance and Stewardship; Short-Long Investments and ESG; Sustainable Securities Lending and Emerging Markets; and Interconnected Collateral.
Radek Stech, CEO of Global PSSL comments: “Choosing the right practices for our workstreams has proven critical in focusing on the right issues. All four workstreams have published draft standards and our community of stakeholders is eager to embrace these.
“Global PSSL is an iterative process, feeding and growing from the experiences of our community. I’m very encouraged by this progress, and look forward to working with industry to push the sustainable agenda forward.”
The group is set to announce changes to the workstreams in consolidated terms and conditions for stakeholder engagement soon.
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