BNY Mellon releases regulatory update on securities lending
I have to admit; I really like white papers. They are relatively short, to the point, and highlight all these issues someone should focus on.
In this installment , BNY provide an update on some of the reforms discussed in their prior publication and summarize the major developments that took place in 2012. The news is that Securities Lending are now viewed as part of global rules impacting all market participants rather than indirectly focused through firm-specific supervision.