The Pan Asia Securities Lending Association (PASLA) has signed a letter of intent with the Australian Securities Lending Association (ASLA) to expand its reach to the Australasia region.
Both associations will collaborate on the execution and details of the final agreement in the coming months, and aim to complete by Q4 2024.
Commenting on the move, Stephen Howard, CEO of PASLA, says: “We’re excited to be working on this process with ASLA because it has clear potential to benefit members of both associations.
“Australia and New Zealand are highly developed securities finance markets with a large number of beneficial owners with active lending programmes.
"Establishing a closer relationship with participants in these markets will reinforce PASLA’s ability to serve and represent the securities finance industry across the whole of Asia Pacific.”
