There is growing investor interest in managing the environmental, social and governance (ESG) factors inherent in securities lending – especially concerning voting rights – finds a consultation conducted by AsianInvestor and the Pan Asia Securities Lending Association (PASLA).
The fact a recent short-selling restriction was lifted within a month points to a maturing market, although the exchange still faces an uphill battle with the regulator, say participants.
The global trading head at Axa's investments arm argues that exemptions are required to broad-brush transparency regulation to prevent a funding seizure.
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.
Hedge funds are increasingly seeking to borrow securities directly from beneficial owners with the help of agent lenders, say custodians.
The programme sees just 45 transactions on its first day, although it is still being viewed as an important step in helping the nation’s short-selling market to develop.