Tag: Seclending

Securities Lending Remains Strong Business

Among the 30 North American and European asset managers surveyed, none of the firms with securities lending programs had ended them, and several non-lending managers were considering restarting.

eSecLending Names COO

eSecLending, a global securities lending agent, announced that Paul Lynch has joined the firm as Chief Operating Officer, effective April 25.

Possible Losses from SecLending Not Clear, GAO Says

In testimony at a Senate committee hearing, the Government Accountability Office (GAO) said that 401(k) plan participants can receive part of the profits from securities lending, but would bear all the loss if the market turned sour.

S&P Introduces Sec Lending Indexes

Standard & Poor's Index Services has launched what it says is "the first ever public index series designed to measure the average cost of borrowing U.S. equities."