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BNY Mellon mulls principal sec-lending role

Georgina Lee
The US custodian says it may look into branching out from its traditional role as an agent lender, although there is no timeline for the move.
BNY Mellon mulls principal sec-lending role

BNY Mellon is exploring the possibility of adding principal sec-lending capabilities to its agency securities financing business, with the aim of alleviating liquidity and credit mismatches between prime brokers and beneficial owners of securities. 

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