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Global ISF News

Reeve Serman, president of the Canadian Securities Lending Association (Casla), reveals the organisation’s work agenda for the next 12 months Since Casla’s inception only three some years ago, it has established itself as a credible, industry-recognised association both in Canada and abroad. Casla will continue to work on expanding its reach and develop meaningful working … Read more

Dodd Frank Section 165 has implications and impacts on the industry.

Dodd Frank Section 165 Section (d) and (e) are applicable to Securities Lending arrangements for US providers and will have certain implications and impacts on the industry. RMA has published a comment letter on issues concerning application of the proposed rulemaking’s single-counterparty credit limits to Agency Securities Lending Programs in the US and related transactions. … Read more

IIROC Updates Short Selling Requirements: 

Changes include: 1) Repealing the tick test 2) Imposing a pre-borrow requirement under certain circumstances. 3) ‘Short Designation’ requirement: applicable sell orders for short selling purposes will require a ‘short’ designation. 4) ‘Short-Marking Exempt’ designation: intended for qualified neutral trade activity. Related market participants should ensure they are familiar with the IIROC requirements and ensure … Read more

Global Investor/ISF Canadian lending roundtable:

Canadian market participants met up at the CASLA Conference to discuss the effects of the eurozone crisis, trends in collateral, regulation and improvements in technology. Participants: Chair: Annabelle Palmer, Global Investor/ISF Charles Murray, Vice President, State Street Oberon Knapp, Senior Vice President, business development, eSecLending Nathalie Bockler, Managing Director and Head of Equity finance sales … Read more