Evolution amid diverse change

Canada securities lending panel

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Ahead of the 2024 Canadian Securities Lending Association (CASLA) Conference in Toronto on June 6, Securities Finance Times organized a virtual panel of Canadian securities lending specialists, including Kyle Kolasingh, Head of Market Services Solutions. The panel members provided their perspectives on a range of industry topics and here are some highlights of the discussion:

  • The Canadian securities lending market has continued to show positive revenue growth in 2023 and so far in 2024
  • The move to T+1 accelerated the need to automate manual processes and this is expected to lead to improved efficiency
  • Once T+1 is in the review mirror, local focus will shift to the Bank of Canada’s proposed penalties for settlement fails and the SEC's Rule 10c-1a to enhance transparency of the lending market
  • The potential move to T+0 at some point in the future is likely to fuel technological innovation, including digital asset integration, artificial intelligence and distributed ledger technology
  • In the coming year, securities lending trading desks will be "hyper-focused" on the geopolitical landscape and interest rate environment globally

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"Time and again, the Canadian securities lending market has proven its ability to evolve amid diverse change—be it market volatility or otherwise."

Kyle Kolasingh
Head of Market Services Solutions

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