RMA and EquiLend to aid transformation of Latin America’s securities lending market
22 July 2020 New York
Image: topseller/Shutterstock.com
The Risk Management Association (RMA) and EquiLend have joined forces with international market participants active in the region to produce the second annual Latin America Securities Finance User Guide.
The document is a comprehensive resource for agent lenders, broker-dealers, central securities depositories (CSDs), central counterparties (CCPs), exchanges, beneficial owners, hedge funds, lawyers, regulators and consultants interested in the Latin American securities finance markets.
Fran Garritt, director of global markets risk and securities lending, RMA explains: “EquiLend and RMA intend for the work to serve as a users guide to the region, offering local insights and market expertise for both domestic and global participants”.
The user guide looks at the current and future state of the Latin American securities finance markets, it also covers the various markets’ securities finance infrastructure, regional innovations and illustrative market data, this can be viewed here.
EquiLend CEO Brian Lamb adds: “We are seeing positive momentum in the burgeoning securities finance markets of Latin America and are excited for the growth taking place across the region.
“As the regulatory environment, technological infrastructure and market participation advances across Latin America, countries across the region are increasingly recognising the benefits of an active securities finance industry.”
Garritt further highlights that “the guide is meant to be a ‘living document’ that will encourage productive discussions on how foreign investors can comfortably execute their investment strategies, and allow the industry to address issues that will transform Latin America into an increasingly robust securities lending market".
The document is a comprehensive resource for agent lenders, broker-dealers, central securities depositories (CSDs), central counterparties (CCPs), exchanges, beneficial owners, hedge funds, lawyers, regulators and consultants interested in the Latin American securities finance markets.
Fran Garritt, director of global markets risk and securities lending, RMA explains: “EquiLend and RMA intend for the work to serve as a users guide to the region, offering local insights and market expertise for both domestic and global participants”.
The user guide looks at the current and future state of the Latin American securities finance markets, it also covers the various markets’ securities finance infrastructure, regional innovations and illustrative market data, this can be viewed here.
EquiLend CEO Brian Lamb adds: “We are seeing positive momentum in the burgeoning securities finance markets of Latin America and are excited for the growth taking place across the region.
“As the regulatory environment, technological infrastructure and market participation advances across Latin America, countries across the region are increasingly recognising the benefits of an active securities finance industry.”
Garritt further highlights that “the guide is meant to be a ‘living document’ that will encourage productive discussions on how foreign investors can comfortably execute their investment strategies, and allow the industry to address issues that will transform Latin America into an increasingly robust securities lending market".
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