Webinar on the Financial Stability Board’s Policy Framework for Securities Lending and Repo

ICI Global hosted a webinar on 7 December on the recent consultative document published by the Financial Stability Board (FSB) setting out a proposed policy framework for addressing Shadow Banking Risks in Securities Lending and Repos. Officials from the UK Financial Services Authority, the FSB, and the Federal Reserve who have been deeply involved in the production of the policy framework provided their insights on the proposed framework and what it means for industry participants engaging in securities lending and repo transactions. Panellists also included representatives from ICI Global’s Securities Lending and Repo Committee who discussed the FSB’s recommendations in respect of transparency and data collection, proposals in respect of margins and haircuts, and the use of collateral including its valuation and management.

MATERIALS

• Slides (pdf)
• Recording

HIGHLIGHTS

The webinar addressed the following topics:

• The significance of the FSB's proposals for participants in securities lending and repo transactions
• The likely future obligations arising from the implementation of the proposals into national and regional regulatory regimes
• Next steps and the way in which industry participants can influence the development of the FSB's proposals

Panellists included:

• David Bloom, Branch Chief, Division of Trading and Markets, U.S. Securities and Exchange Commission
• Matthew J. Eichner, Deputy Director, Division of Research and Statistics, Federal Reserve Board of Governors
• Bert Mekes, Head of Liquidity Management and Securities Lending, ING Investment Management
• David Rule, Director of International UK Banks, UK Financial Services Authority
• Yasushi Shiina, Secretariat, Financial Stability Board
• Giles Swan, Director of Global Funds Policy, ICI Global
• Todd P. Zerega, Partner, Financial Industry Group, Reed Smith

This webinar was closed to the media.