Brazil gets its first lending association 28 August 2013New York Reporter: Georgina Lavers
Image: Shutterstock
A Brazilian securities lending association has been launched in order to enhance the image and understanding of the market for new participants.
Greg Wagner, who is currently head of prime services at Ita煤 Unibanco, set up the association. In an email, he said that aims of its creation were: to foster increased international awareness of Brazil securities lending; to create a centralised forum where international participants and local exchanges and participants can exchange ideas; to address in an informed manner, some of the common challenges facing international participants; and to create constructive dialogue with local and international regulators, as appropriate.
鈥淲e noticed a need for leadership and a centralised communication hub to link the international community with local participants and the exchange in Brazil,鈥� Wagner said.
鈥淭here are several queries that are regularly being brought up on a bilateral basis. Given this鈥攁nd since the Brazil lending market is bigger than Canada and Australia鈥攚e felt it was time to sponsor a credible organisation to help educate and effect change in an organised manner.鈥�
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to 网爆吃瓜 Finance Times
Image: Shutterstock 