Leading the Way
Global Securities Finance News and Commentary
Securities finance news and commentary
People moves
Squire departs BNY
23 September 2026 UK
Reporter: Carmella Haswell
Simon Squire has more than 20 years of experience in the financial industry, having spent nine within the New York bank's Clearance and Collateral Management business
Industry
Murex partners with Google Cloud
23 September 2026 France
Reporter: Theodore Law
The collaboration expands cloud choice across the capital markets, allowing firms to deploy MX.3 infrastructure on Google Cloud's secure environment
Industry
Eurosystem launches Pontes
21 September 2026 Europe
Reporter: Matthew Challis
According to the Eurosystem, Pontes is the first initiative in its strategic programme to make central bank money “fit for a tokenised future”
Industry
Caceis becomes Crédit Agricole Caceis
21 September 2026 France
Reporter: Theodore Law
According to the firm, this marks a decisive step in the group's strategic trajectory towards Crédit Agricole S.A.’s ACT 2028 medium-term plan
Leading the Way
Global Securities Finance News and Commentary
Tokenised cross-border repo: Where efficiency peaks — and where it fails
Tokenisation is accelerating cross-border repo into atomic settlement, stripping out long-standing operational lag and exposing a US$1.3 trillion offshore segment to new liquidity dynamics. Theodore Law investigates whether eliminating settlement delay strengthens stability or amplifies liquidity stress when volatility hits
The future that we see
Justin Lawson sits down with Steve Everett of TMX and Fabrice Tomenko of Clearstream to discuss the challenges of collaborative market-utility building, the Bank of Canada joining CCMS and Repo 2.0, and what success looks like
Thinking twice about reporting once
Following ESMA’s report on the simplification of transaction reporting, the authority is set to create a ‘report once’ approach to regulation; namely MiFIR, SFTR, and EMIR. Carmella Haswell investigates what this really means for the market
The box nobody ticked
In the final instalment of the series, Cyril Louchtchay de Fleurian, head of securities finance and balance sheet strategy at Capteo: Strategy & Management Consulting, talks lessons learnt
Boredom is performance
In the eighth instalment of the series, Cyril Louchtchay de Fleurian, head of securities finance and balance sheet strategy at Capteo: Strategy & Management Consulting, looks at enterprise liquidity management
Collateral in motion: Why mobility is becoming the next competitive advantage
As shorter settlement cycles, regulatory reform, and evolving market infrastructures reshape securities finance, Theodore Law explores why collateral mobility has become a strategic priority, how fragmentation is limiting efficiency, and why optimisation increasingly depends on better decision-making rather than simply moving assets
A name on the door
In the seventh instalment of this ongoing series, Cyril Louchtchay de Fleurian, head of securities finance and balance sheet strategy at Capteo: Strategy & Management Consulting, talks risk
Going for gold: A celebratory night in London
Bringing together the finest in the financial sector, market participants gather for a night of celebration as we highlight innovation, leadership, and achievements driving the securities finance industry
Leading the Way
Global Securities Finance News and Commentary
State Street
Reaching the endgame
Sam Edwards, managing director, Alpha Collateral Services at State Street, speaks to Carmella Haswell on how the firm is positioning digital assets within its Alpha Collateral Services platform, regulatory influence, and how these assets are changing the face of collateral management
Fidelity Agency Lending
A great growth story: Investing in people, technology, and capabilities
Carmella Haswell sits down with Marney McCabe and Jon Whiting from Fidelity Agency Lending to discuss the firm’s thoughtful growth strategy, the benefits of its programme scale for clients, and how a diverse asset mix creates trading opportunities that extend beyond US markets
Fidelity
Bridging two worlds
Nathaniel Lindsay of State Street and Yuri Brightly of Fidelity sit down with Carmella Haswell to discuss the first production use of the FIX Protocol for direct electronic trading in securities lending and what this could signal for the industry’s future
SIX
Reflecting on a decade of evolution and looking ahead
Mina Kinsey, head of securities finance at SIX, reviews the Repo CO:RE platform following its 10-year anniversary, reflecting on its achievements in the Swiss market and the role it will play in the future evolution of secured funding and collateral management
eSecLending
The client focus
Brooke Gillman, managing director, global head of Client Relationship Management at eSecLending, sits down with Justin Lawson for a candid conversation on the increasing popularity of independent agents, where opportunity lies, and the future outlook
Broadridge
The shape of success
Tina Joshi, North America head of Securities Finance Collateral Management product at Broadridge, sits down with Justin Lawson to reflect on how the firm is transforming its platform, covering strategic priorities and client-driven product evolution
LSEG
Switching to an always-on market
LSEG’s Simon McQuoid Mason, head of new trading products and market structure, sits down with Carmella Haswell to discuss the exchange’s move to create a 24/5 trading venue and the driving force behind the industry interest in extended trading hours
M1X Global
Unlocking onchain collateral
Jordan Goldman, chief operating officer and president of M1X Global, speaks to Karl Loomes about why collateral remains the missing piece of tokenisation, the role of natively-issued digital sovereign bonds, and how continuous collateral movement could reshape the global repo market
Leading the Way
Global Securities Finance News and Commentary
News and people moves roundupA great growth story
Marney McCabe and Jon Whiting of Fidelity Agency Lending discuss the firm's strategy and how a diverse asset mix creates trading opportunities that extend beyond US markets.Reaching the endgame
Sam Edwards, managing director, Alpha Collateral Services at State Street, speaks to Carmella Haswell on how the firm is positioning digital assets within its Alpha Collateral Services platform, regulatory influence, and how these assets are changing the face of collateral management.Thinking twice about reporting once
Following ESMA’s report on the simplification of transaction reporting, the authority is set to create a ‘report once’ approach to regulation; namely MiFIR, SFTR, and EMIR. Carmella Haswell investigates what this really means for the market.
Repo
Technology
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