22 épisodes
Peer Connections Global Peer Financing Association
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- Affaires
The Global Peer Financing Association (GPFA) is a non-profit group consisting of global beneficial owners actively engaged in the securities financing industry who share a goal to promote a more efficient and actionable way to increase and support peer-to-peer trading activity. GPFA's Peer Connections podcast series highlights beneficial owner members telling their stories of how their organizations approach securities lending and repo. The episodes support the group's goal of sharing insights, best practices and true transparency about securities lending.
Follow us on LinkedIn: https://www.linkedin.com/company/68366341/
For more information, check out our website: Global Peer Securities Financing Association (globalpeerfinancingassociation.org)
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Evolution of Insourcing: Understanding the Different Models
Matt Brunette of Norges Bank, Jerry May of OPERS and Michael Stamm of SWIB join Brooke Gillman to discuss the reasons each approach insourcing securities finance in different ways, from hybrid trading, to control over cash management, to owning risk or to managed agent models. No matter the route, each beneficial owner has evolved to meet their organization's needs while understanding their relative skill sets, resources, and operational capacities.
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The Northwestern Mutual Model
Chris Benish speaks with some of the newest GPFA members, Brian Yeazel and Kris Breitzman of Northwestern Mutual, about their approach to securities lending, repo, and cash collateral reinvestment and finds out what drove them to join GPFA.
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Indemnification can no longer be ignored, the conversation continues
Following the first GPFA podcast on indemnification, Matt Brunette from NBIM, Chris Benish from SWIB and Jerry May from OPERS continue the conversation comparing their views on how the cost of indemnification may impact the global beneficial owner community as well as the broader market.
Read Mark Faulkner's paper here: http://globalpeerfinancingassociation.org/s/Something-Better-Change-13622-Credit-Benchmark.pdf -
Something has started changing: the cost of securities lending indemnification can no longer be ignored
Matt Brunette from Norges Bank Investment Management and Mark Faulkner from Credit Benchmark discuss how regulatory capital constraints are impacting the market and how agent banks are starting to respond with real change to the way they do business and what may happen next
Read Mark's paper here: http://globalpeerfinancingassociation.org/s/Something-Better-Change-13622-Credit-Benchmark.pdf -
The Pending Impact of Global Banking Regulations on the Buyside
GPFA speaks with Thomas Aubrey to understand the impacts banking regulations will have on buy-side participants in the securities finance market
View Thomas' paper entitled ‘EU capital rules to increase buyside trading costs' here:
https://www.creditbenchmark.com/eu-capital-rules-to-increase-buyside-trading-costs/ -
Total Fund Asset Allocation to Maximize Sharpe Ratio
Digging into the research, HOOP and SWIB presented their separate published papers on how to construct a better beta portfolio