These new T&Cs clarify roles and responsibilities for stakeholders to the project and provide a framework encouraging “long term thinking”, shaping how participants contribute to the future development of Global PSSL principles
Radek Stech, founder and CEO of Global PSSL, indicates that Global PSSL is not a trade association, it is a not-for-profit organisation, and it has not been invited to participate in the securities lending trade associations working group
Focusing on emerging markets and collateral within the securities lending sector, the firm seeks to implement high-level principles and make an impact within the industry
A consultation paper released by Global Principles for Sustainable Securities Lending, focuses on market structure, tax schemes and supportive legal foundations in emerging markets
Global Principles for Sustainable Securities Lending has published a draft of its standard on how to strengthen sustainable finance with interconnected collateral for securities lending
Designed to provide a means for continuous review and evaluation through voluntary collaboration, the recommendations propose a monitoring role for regulators and central banks as well as international organisations
High-profile short sellers including Muddy Waters, J Capital Research and Quintessential Capital Management, discussed how the voluntary standard can be interwoven with established principles of activist shorting
The ESG-focused not-for-profit has expanded its College of Advisors and is now accepting input from individuals from organisations that engage in securities lending directly, provided they sit outside the lending departments