Regulatory Reform: The Shape of Things To Come

Reprinted with the permission of Incisive Media Services Limited

Transparency, reporting and ongoing regulatory reform are key issues in the derivatives marketplace. While many are aware of the Dodd-Frank Act, the full impact of the law remains unclear. Patrick Tadie, Global Head of Derivatives360, discusses the major challenges facing financial institutions in this new regulatory environment and outlines ways to prepare for these challenges.

Author:   Patrick Tadie
Business:  Asset Servicing
Publication date:   February 2011

Securities Lending -- Impact of Regulatory Initiatives on Borrower Default Indemnification

Indemnified agency securities lending still serves a vital role by generating income for beneficial owners and supporting financial market liquidity. Nevertheless, although the outcome of many of the regulatory regime changes discussed in this article remains uncertain, the overarching theme to the proposals is a tightening of restrictions affecting agent banks' indemnified securities lending programs.

Business:  Asset Servicing
Publication date:   September 2012

VIDEO: Regulation's Reach - A New Day for Borrower Default Indemnification

James Slater, Global Head of Securities Lending and Finance at BNY Mellon, explores how new and proposed regulation seems likely to change customary securities lending practices related to borrower default indemnification.

Author:   James Slater
Business:  Asset Servicing
Publication date:   October 2012

Regulatory Change in Securities Lending: An Update for Clients

An array of proposed legislation and recommendations including Basel III, Dodd-Frank and European Commission rules on short selling will ultimately provide new mandates for securities lending market participants at all stages of the transaction. In the meanwhile however, beneficial asset holders and securities lending agents are working to assess the new environment as regulatory concepts become formalized and specific rules are adopted.

In collaboration with:   Finadium LLC
Business:  Asset Servicing
Publication date:   September 2011

A Clear Case for Change

Reprinted with the permission of Financial-i

The move to central clearing for OTC derivatives is causing consternation, especially amongst fund managers, and many foresee changes in investor behaviour to avoid charges when the new regulations come into force. This article was first published in Financial-i Q2 2011. www.financial-i.com.

Authors:   Jonathan Bowler, Christopher Coleman
Business:  Asset Servicing
Publication date:   June 2011

Securities Lending, Crisis Management and the Orderly Liquidation Authority

In the aftermath of the financial crisis, regulators are working to prevent another disaster similar to Bear Stearns or Lehman Brothers. In the U.S. and Europe, one answer has been to begin to create orderly unwind processes that allow both regulators and the markets to understand what will happen in the event a major institution is near default. International organizations are looking at cross-border resolution capabilities given the interconnectedness of the global financial system. This report evaluates recent government efforts and their potential impacts on beneficial owners in the securities lending market.

In collaboration with:   Finadium LLC
Business:  Asset Servicing
Publication date:   January 2012