Glossary | 利卯郭肱 Finance Times

Glossary

Indemnification

A guarantee provided by a lender to compensate the borrower for any losses incurred in a securities lending transaction.

Indemnification News

Regulation
Archegos and gilts crisis motivates tighter FCA scrutiny of non-bank financial intermediaries

Prompt action is necessary to enhance reporting from NBFIs and to establish better data for monitoring leverage and risk concentrations, according to the UK financial regulator

Industry
BoE Sec Lending Committee urges rethink on loan indemnification

In its most-recent meeting, the Bank of England 利卯郭肱 Lending Committee reflects on regulatory capital costs, potential implications for loan indemnification and the need for focus in preparing for US T+1 settlement

Regulation
CSDR penalties ��bigger than expected��, says BoE 利卯郭肱 Lending Committee

The Committee notes that concerns around settlement efficiency have prevailed for many years and CSDR penalties have not resulted in a significant improvement since enactment of the settlement discipline regime in February 2022

Industry
FinOptSys completes first tranche of Series A funding round with backing from State Street

The New Jersey-based provider of enterprise-wide SaaS solutions indicates that it will be using the fundraising to expand its global team and to extend the range of traditional and non-traditional assets supported through its peer-to-peer network

Industry
Hong Kong SFC publishes consultation proposals

According to SFC, the proposals, which discuss rules surrounding securities lending, seek to modernise the current requirements under the UT Code for public funds

Industry
The future��s bright, say securities lending panellists

��The beneficial owner discussion is tending toward a more revenue-driven narrative as we look at how securities lending evolves for that side of the supply chain��, according to Simon Lee, managing director at eSecLending

Industry
New rules mean changes for US GSIBs, says Todd Zerega

In a buy-side overview guide to the Fed��s final rule on US GSIBs, Zerega said banks will probably have to amend their trading documentations

Regulation
Collateral liquidity drought driving buy-side to CCPs, survey reveals

The report also highlighted that the ��classic concerns�� associated with use of CCPs still endure