After a period of intense activity ensuring an alignment of securities lending and ESG (environmental, social and governance) principles, market participants are now moving through a “wait-and-see” phase related to regulatory clarity. We speak with Farrah Mahmood, director of Regulatory Affairs at the International Securities Lending Association (ISLA), and Ciara Horigan, chair of ISLA’s ESG steering group and vice president of Regulatory, Industry & Government Affairs at State Street, about the industry’s balancing act.
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