The US broker-dealer aims to leverage its capital base and balance sheet to become a niche player in the hard-to-borrow space and provide multiple solutions regarding the financing of securities and collateral
BNY Mellon reported a decrease in securities lending revenue for last quarter of 2020 but saw a modest YoY growth in its full-year earnings from its agency lending business
The asset manager recorded its lowest quarterly returns in half a decade for Q4 but still achieved a record high for full-year securities lending revenue
State Street reported securities financing revenue of $356 million for 2020, down 24.4 per cent from 2019, despite a modest QoQ uptick in the final months of last year
Global dividends are expected to a achieve a modest recover in 2021 with payouts hitting $1.78 trillion, with significant growth in Europe, and mild increases in APAC, offsetting a small drop-off in the US
The men face up to 12 years in prison if found guilty, while the prosecutor says it will pursue and bring charges against other known individuals in the coming months
The subgroup aims to align variant terms in ISLA’s securities lending documentation, creating standardised business outcomes which will support links between legal documentation and the CDM architecture
“Procyclicality is a function of the ecosystem and needs to be examined holistically. CCPs exist to manage and mitigate risk and they understand their responsibility to the system. We call on other stakeholders to do the same,” comments WFE CEO
