Regulatory pressures continue to play a significant role
29 May 2019 Toronto
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Regulatory pressures have and will continue to play a significant role in the securities lending landscape, according to Mary Jane Schuessler, CASLA conference chair.
In a recent interview with Securities Lending Times, Schuessler indicated this is largely due to Canada experiencing some instrumental changes driving different sources of demand and supply over the past few years.
She said to help tackle this the mutual fund space introduced new rules commencing in January this year allowing for a much broader investment space utilising alternative strategies, which she indicated would increase the demand side.
When asked about the current challenges of Canada’s securities finance market, Schuessler emphasised challenges in the securities finance space are not in short supply.
She said: “The increased costs of funds due to regulatory ratios continue to work its way through all of the Canadian banks.”
“The specials market in Canada has been heavily dominated by the cannabis industry creating and introducing some sector reliance and regulations like the Securities Financing Transaction Regulation, which has major infrastructure changes due to the vast reporting it entails.”
Delegates are due to attend CASLA’s 9th Annual Securities Lending Conference tomorrow (30 May).
Schuessler stated: “The day offers many facets and making sure there is something for everyone is what I enjoy most about helping to put this conference together.”
She added: “I truly enjoy talking to the guest speakers and always gain insights and learn so much from them. This is the first year we are introducing a session on diversity through our
partnership with the Women in Securities Finance group, which is another part of the day I am very excited about and proud to be a part of.”
Read the full interview in the latest issue of Securities Lending Times.
In a recent interview with Securities Lending Times, Schuessler indicated this is largely due to Canada experiencing some instrumental changes driving different sources of demand and supply over the past few years.
She said to help tackle this the mutual fund space introduced new rules commencing in January this year allowing for a much broader investment space utilising alternative strategies, which she indicated would increase the demand side.
When asked about the current challenges of Canada’s securities finance market, Schuessler emphasised challenges in the securities finance space are not in short supply.
She said: “The increased costs of funds due to regulatory ratios continue to work its way through all of the Canadian banks.”
“The specials market in Canada has been heavily dominated by the cannabis industry creating and introducing some sector reliance and regulations like the Securities Financing Transaction Regulation, which has major infrastructure changes due to the vast reporting it entails.”
Delegates are due to attend CASLA’s 9th Annual Securities Lending Conference tomorrow (30 May).
Schuessler stated: “The day offers many facets and making sure there is something for everyone is what I enjoy most about helping to put this conference together.”
She added: “I truly enjoy talking to the guest speakers and always gain insights and learn so much from them. This is the first year we are introducing a session on diversity through our
partnership with the Women in Securities Finance group, which is another part of the day I am very excited about and proud to be a part of.”
Read the full interview in the latest issue of Securities Lending Times.
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