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Archive for: January, 2012

Gary Wright - BISS Research - London | 30/01/2012 | 3603 views

An old world for Stock Borrowing and Lending

The announcement of the ESMA industry consultation relating to this year’s implementation of new regulations for the revision of the markets for short selling, including stock borrowing and lending can only be welcomed. However, it’s really ironic that the thrust of the concerns around stock borrowing and lending appear to me to be an a... Tags: Trade execution, Sibos

Gary Wright - BISS Research - London | 25/01/2012 | 2969 views | 4 comments

Breaking up of the Euro contingency projects

Much to my surprise I found out recently that a large number of UK Banks have already been working on their plans for the eventual breakup of the Euro. As I understand it the banks are basing their plans around first one Euro State going, quickly followed by others, with various scenarios being played out. For example, a split, with the northern Eu... Tags: Payments, Risk & regulation

Gary Wright - BISS Research - London | 23/01/2012 | 2475 views

Getting the most from trade finance

Investment banks have enormous positions to fund on a daily basis. This will include not only its own proprietary positions but also those of its clients who make use of the bank’s market capabilities and its ability to maximise collateral to get the best possible deal. By making good use of the soup to nuts banking facility the investing cli... Tags: Trade execution, Wholesale banking

Gary Wright - BISS Research - London | 20/01/2012 | 4714 views | 1 comment

Why is liquidity important?

Now you would think this was an easy question, or at least I did. However, the once unquestioned value of liquidity to markets is now being knocked of its perch by politicians and people fazed by the current economic crisis. One of the worst things anyone can do in a crisis is to panic, but that appears to be the case today. Research has shown tha... Tags: Dealing rooms, Trade execution

Gary Wright - BISS Research - London | 18/01/2012 | 2201 views

The Bear Game

In the UK, the history of stock borrowing and lending has veered from being a well regulated, secure winner for all parts of the finance industry into an open season that is almost a free-for-all for regulated business. This has been instrumental in the creation of a much greater risk in short selling. I will be presenting a potted history of stoc... Tags: Trade execution, Wholesale banking