ICSF ranks continue to swell with agent lenders
07 August 2020 London
Image: Worawut/Adobe.com
The International Securities Lending Association’s Council for Sustainable Finance (ICSF) has inked a new batch of partnerships with prominent agent lenders.
eSecLending, J.P. Morgan, RBC Investor & Treasury Services and State Street are the latest to sign-up to promoting ICSF’s principles for sustainable securities lending (PSSL).
They follow BNY Mellon, which was the first bank and agent lender to partner with the bank in July.
In his latest blog post, ICSF’s chair, Radek Stech, writes: “I am delighted to report that the ICSF family has grown once again … I cannot emphasise enough the value we place on these relationships, each offering their own wealth of wisdom and experience with which to reinforce the Council’s ongoing mission.”
Stech, who is also an expert in environmental law and senior lecturer at the UK’s University of Exeter, adds that the partners will help the council grow its beneficial owner base across Europe, the Middle East and Africa.
The acceptance of agent lenders as partners marks the second phase of the council’s plans to develop, refine and promote the PSSL as a global framework for aligning environmental, social and governance standards.
When the ICSF first formed in February it was focused on creating a broad alliance of the largest beneficial owners in the securities lending market to join as members and contribute to developing the PSSL.
It also formed partnerships with industry associations around the world to ensure the principles had a global impact.
In July, when ICSF first opened its doors to agent lenders, Stech told SLT that banks are encouraged to contact him directly to discuss becoming a partner and contributing to the council’s mission.
eSecLending, J.P. Morgan, RBC Investor & Treasury Services and State Street are the latest to sign-up to promoting ICSF’s principles for sustainable securities lending (PSSL).
They follow BNY Mellon, which was the first bank and agent lender to partner with the bank in July.
In his latest blog post, ICSF’s chair, Radek Stech, writes: “I am delighted to report that the ICSF family has grown once again … I cannot emphasise enough the value we place on these relationships, each offering their own wealth of wisdom and experience with which to reinforce the Council’s ongoing mission.”
Stech, who is also an expert in environmental law and senior lecturer at the UK’s University of Exeter, adds that the partners will help the council grow its beneficial owner base across Europe, the Middle East and Africa.
The acceptance of agent lenders as partners marks the second phase of the council’s plans to develop, refine and promote the PSSL as a global framework for aligning environmental, social and governance standards.
When the ICSF first formed in February it was focused on creating a broad alliance of the largest beneficial owners in the securities lending market to join as members and contribute to developing the PSSL.
It also formed partnerships with industry associations around the world to ensure the principles had a global impact.
In July, when ICSF first opened its doors to agent lenders, Stech told SLT that banks are encouraged to contact him directly to discuss becoming a partner and contributing to the council’s mission.
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