Securities Finance Times’ Post

The first issue of the year is out – with three pieces from me! What will have the largest impact on the #securitiesfinance industry in 2025? As the industry enters a new year, I've gathered predictions from market participants on the trends and challenges ahead – page 24. With the proposed changes to the #CSDR (Central Securities Depository Regulation), I explore the potential impact on the EU's settlement efficiency ahead of the shift to T+1 in 2027 – page 20. And finally, in the Emerging Talent series, Quadri A., an analyst in the securities lending team at HSBC Securities Services, told me about his unexpected journey into securities finance and the power of being acknowledged – page 36.

Robert Frost, Chief Product Officer, kicks off our new year on LinkedIn by sharing his view through the Securities Finance Times ‘Predictions for 2025’ crystal ball. 🔮 In the article, Rob highlights the key trends that will shape our industry this year: 🌎 A globalisation of clearing ✅ Get it right, pre-trade 📊 True cost of trade To read the full story, visit the SFT Magazine (p. 26) 👇 #PreTrade #PostTrade #Clearing #SecuritiesFinance #Trends  https://lnkd.in/eWq83n_q

Issue 368 of Securities Finance Times is online now! - https://lnkd.in/eHsrjNzD SWIB’s Michael Stamm and Tim Wirkus sit down with Carmella Haswell to discuss the functioning of its #securitieslending programme, its work to further #collateraloptimisation, and how #regulatory shifts are influencing the role of pension funds Daniel Tison explores how the proposed changes to the Central Securities Depositories Regulation could improve the EU’s settlement efficiency ahead of the shift to T+1 As the securities finance industry enters a new year, Daniel Tison gathers predictions from market participants on the trends and challenges ahead

The late, great Paul Volcker, the towering former Federal Reserve chair, said in 2009 that "𝘵𝘩𝘦 𝘈𝘛𝘔 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘵𝘩𝘦 𝘰𝘯𝘭𝘺 𝘶𝘴𝘦𝘧𝘶𝘭 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 𝘪𝘯 𝘣𝘢𝘯𝘬𝘪𝘯𝘨 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘱𝘢𝘴𝘵 20 𝘺𝘦𝘢𝘳𝘴”. At Troy, we agree with the sentiment that most complex investment bank products are not good for customers. In our latest Investment Report, 𝗦𝗲𝗯𝗮𝘀𝘁𝗶𝗮𝗻 𝗟𝘆𝗼𝗻 and Charlotte Yonge discuss why they deliberately eschew financial engineering and why simplicity is their preference. You can read the full report here: https://lnkd.in/e53N2gTN #MultiAsset #TroyAssetManagemet #Investors

#LiquidityFees: institutional investors really don’t seem to like those. Prime Funds prefer closing shop than introducing these regulatory fees. US Money Funds Look Past Reform Angst Thanks to High Rates - Bloomberg https://lnkd.in/di-cpVdN In July, the US Securities and Exchange Commission approved measures that will make it more expensive to yank money by imposing mandatory liquidity fees on some funds during times of financial stress. Among possible result is a boost in demand for government securities at the expense of riskier assets, like prime funds. Even though the impact of the SEC’s reforms are only expected to impact a small subset of the industry, there are still obstacles. As of early-June, about 12 of these funds — including the two largest — had announced plans to convert to government-only holdings or close altogether.

A good article that includes references to the impacts of the GFC and history in danger of repeating itself. To summarise, in most cases the high double-digit returns being promoted in private markets (including private credit) mean that there is higher risk and/or leverage being used to drive returns. Not every investor can tolerate liquidity and cash flow mismatches coupled with return expectations uncorrelated to their specific investment needs at the time.

https://lnkd.in/gYUcBt-Z NO ONE SHOULD OWN MUTUAL FUNDS- this would NOT be a completely fair statement. But a very fair statement- most investments made with a mutual fund would be better served with the ETF vehicle. 2 BIGGEST REASONS: FEES: broadly speaking, mutual funds have HIGHER FEEs. TAXES: due to something called ‘in kind creation’, ETFs generally are much more tax efficient. BUTTTTTTT… SOOOOOOOO MANY FINANCIAL ADVISORS continue to buy their clients Mutual Funds instead of ETFs… The question you need to ask your FINANCIAL ADVISOR, who’s benefitting from this investment choice?! Disclosure: there are limited exceptions to what was stated in this video. #wallstreet #finance #personalfinance #wallstreet #mutualfund #etf #fees #economics #cfp #cima #financialadvisor #financialadvisors

Don't let a bad day get you down! 😉 The best and worst days in the stock market often occur close together because of high market volatility, which is typically driven by major news, economic events, or shifts in investor sentiment. The market is unpredictable, so don't try to predict it! Just stick with it! 😊 *Securities and advisory services offered through Commonwealth Financial Network ®, member FINRA/SIPC, a registered investment adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network ®.

Whether it transpires how money markets are forecasting, how are you positioned in the event of lower interest rates? Simplistically, consider the following: Inflation moves within target range - likely Rates move to less restrictive policy - likely How does this impact bank account and TD returns?! What does it mean for Equities, Property and Infrastructure?! What about Bonds?! What happens if it doesn't go to script - also likely! At Mont Wealth Advisors, we provide an edge in service, transparency, asset allocation and strategy. If you would like to be included on the free trial of the daily and weekend editions, please register your details above. #investing #wealth #financialadvice #financialplanning #investment #advice #superannuation #property #emergingmarkets #strategicassetallocation