Clearly, the SEC is not superstitious as it announced this past Friday the 13th major changes for securities lending via the adoption of new Rule 10c-1a. I think the industry is hoping the changes may help securities firms make the most of whatever good luck comes their way. In its announcement, the SEC focused on… Read More >>
ING & Credit Suisse Test Blockchain for Securities Lending
ING, Credit Suisse Securities (Europe) Ltd., and lending solutions provider HQLAX report that they have recently executed a live securities lending transaction valued at €25 million ($31 million) that was settled using a blockchain platform, Corda, developed by vendor R3. Called “a groundbreaking transaction,” Credit Suisse and ING officials swapped baskets of securities via the… Read More >>