Another unfortunate article from the Financial Times: the title, Investors overcharged in securities lending deals, says EU watchdog, is not what ESMA has said.
This seems to be partly again a problem of simply not understanding securities lending and partly just a misreading of the text, although the text is accurately reprinted in the body of the article.
For an accurate analysis of the ESMA report in question, Finadium subscribers can read our analysis at ESMA says that UCITS fee splits in securities lending require more investigation and analysis