Global PSSL and Confide Platform collaborate
01 August 2024 UK
Image: Cloudyew/stock.adobe.com
The Global Principles for Sustainable Securities Lending Community Interest Company (Global PSSL CIC) has partnered with the Confide Platform to revolutionise internal accountability and governance within sustainable finance.
Through this partnership, Global PSSL Secretariat will leverage the capabilities of the Confide Platform to ensure the confidential, efficient, and transparent resolution of grievances and internal conflicts.
Looking ahead, Global PSSL plans to extend this service to its wider network, with the aim to improve securities finance and advance broader sustainable multi-currency cash through its 3P Transparency initiative.
Pav Gill, founder and CEO of Confide, says: “The Confide Platform provides, among other things, an anonymous and fully encrypted channel through which to report misconduct, compliant with applicable law and directives such as the EU Whistleblowing Directive.
“This simplifies the complex standards and protections required for anonymous whistleblowers, ensuring a secure and effective reporting mechanism.”
Long-term collaboration between the leadership of Global PSSL CIC and the Confide Platform aims to inject more factual discourse into the public arena, benefiting stakeholders across the sustainable finance sector.
Radek Stech, founder and CEO of Global PSSL CIC, says: “At Global PSSL, our mission has always been to drive genuine improvements in the securities lending value chain. However, like many in the sustainable finance field, we encounter significant hurdles that can be mitigated through stronger governance.
“Our alliance with Confide creates a safe environment for market change-makers, shielding them from obstacles that impede positive change. This partnership is a significant step towards healing governance aspects of sustainable finance in the long-term.”
Michael Riggs, programme advisor at Global PSSL Secretariat, adds: “By allying with Confide, we offer a mechanism by which concerned parties can anonymously and efficiently resolve any potential grievances. It is a clear sign that Global PSSL will not only promote good governance, but it will also lead through action.”
Through this partnership, Global PSSL Secretariat will leverage the capabilities of the Confide Platform to ensure the confidential, efficient, and transparent resolution of grievances and internal conflicts.
Looking ahead, Global PSSL plans to extend this service to its wider network, with the aim to improve securities finance and advance broader sustainable multi-currency cash through its 3P Transparency initiative.
Pav Gill, founder and CEO of Confide, says: “The Confide Platform provides, among other things, an anonymous and fully encrypted channel through which to report misconduct, compliant with applicable law and directives such as the EU Whistleblowing Directive.
“This simplifies the complex standards and protections required for anonymous whistleblowers, ensuring a secure and effective reporting mechanism.”
Long-term collaboration between the leadership of Global PSSL CIC and the Confide Platform aims to inject more factual discourse into the public arena, benefiting stakeholders across the sustainable finance sector.
Radek Stech, founder and CEO of Global PSSL CIC, says: “At Global PSSL, our mission has always been to drive genuine improvements in the securities lending value chain. However, like many in the sustainable finance field, we encounter significant hurdles that can be mitigated through stronger governance.
“Our alliance with Confide creates a safe environment for market change-makers, shielding them from obstacles that impede positive change. This partnership is a significant step towards healing governance aspects of sustainable finance in the long-term.”
Michael Riggs, programme advisor at Global PSSL Secretariat, adds: “By allying with Confide, we offer a mechanism by which concerned parties can anonymously and efficiently resolve any potential grievances. It is a clear sign that Global PSSL will not only promote good governance, but it will also lead through action.”
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