White paper argues up to 97% savings from using a securities lending CCP, but best to look a little closer before repeating those figures

In a move that has both marketing and political implications, SL-x hired Promontory Financial Group, staffed with a substantial number of senior ex-regulators, to write a white paper in favor of a securities lending CCPs (“Bank Regulatory Capital Requirements for Stock Loan Transactions”). While we entirely agree with some of the points made, the 97% figure raises some questions as to its validity and assumptions. But so what: this is a marketing job for senior compliance and regulatory officers and the point gets made that Qualified CCPs (CCPs, for short) are a good deal. Let’s see what the paper actually said.

Please to view this content. (Not a member? Subscribe Today!)

Related Posts

Previous Post
Finadium in NYC: EquiLend University and Understanding Securities Lending Trainings – Nov 14
Next Post
Eurex interview with Finadium: “Market participants are most concerned about netting of counterparty exposures”

Related Posts

You do not have permission to view the comments.

Please Login to post a comment

Menu
X

Reset password

Create an account