Australian market bounces back
13 September 2010 Sydney
Image: Shutterstock
The Australian securities lending market has now recovered to pre-global financial crisis levels, said Peter Martin, chairman of the Australian Íø±¬³Ô¹Ï Lending Association (ASLA).
Australia was not hit as hard by the world crisis as many other developed economies, but it still did see a significant fall in available equities.
But while demand is still at comparatively low levels, most funds that placed restrictions on their securities lending activities have now removed them.
"Certainly from a supply perspective, it's back to what it has been historically with about $200 billion worth of lendable equities," said Martin.
Australia was not hit as hard by the world crisis as many other developed economies, but it still did see a significant fall in available equities.
But while demand is still at comparatively low levels, most funds that placed restrictions on their securities lending activities have now removed them.
"Certainly from a supply perspective, it's back to what it has been historically with about $200 billion worth of lendable equities," said Martin.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
