Pierpoint Financial Consulting

24/10/2022

Our latest video reviews Q3 2022 performance results as well as the top revenue-generating stocks and bonds from September.

And I also check out how well I did with my projections from July for the second half of the year.

Thanks to EquiLend, S&P Global and S3 Partners for making the data publicly available that I use in the video.

In this video I review the Q3 securities lending market performance and also provide information on the top revenue generating stocks and bonds for September...

10/10/2022

In our latest video we share 5 tips on how to boost your securities lending revenue (or that of your clients) without necessarily having to seek additional approvals.

In this video I share 5 tips on how to make more money from your securities lending programme without needing to go for additional approvals.ChaptersIntroduc...

22/08/2022

I have just released the final video in the three-part series on indemnifications. In this video I examine the nine key points made by Mark Faulkner, in the Conclusions of "Something Better Change - Securities Lending Indemnification is Unsustainable in Its Current Form".
Mark is Co-Founder of Credit Benchmark and has been a thought leader and distruptor for many years in
I also add my own thoughts as to where I see the likely future direction of indemnities, but I agree with Mark that something has to change.
You can find a link to the video in the comments below.

15/08/2022

Today I have posted the second video in a three-part series on securities lending indemnifications.

The inspiration for the series was the recent paper released by Mark Faulkner of Credit Benchmark entitled "Something Better Change - Securities Lending Indemnificationis Unsustainable in Its Current Form"

In the second video I describe the economics of the business, identify why the cost of indemnifications is an important issue, provide examples of firms that did go bust or needed rescuing and give illustrative examples of loss scenarios and where an indemnification would and wouldn't be needed.

A link to the video is in the comments

The inspiration for this topic was a recent paper from Mark Faulkner co-founder of Credit Benchmark entitled: "Something Better Change: Securities Lending In...

01/08/2022

What happens when the sh*t hits the fan and a securities lending counterparty defaults?

There are a waterfall of protections that mitigate risks, but the final safety net for many is an indemnification. In a recent paper, Mark Faulkner Co-Founder of Credit Benchmark, he argues that change is needed.

https://youtu.be/ToYUS0_SEPw

You can find a link to Mark's paper in the comments.

The inspiration for this topic was a recent paper from Mark Faulkner co-founder of Credit Benchmark entitled: "Something Better Change: Securities Lending In...

25/07/2022

In my video this week I provide a high level overview on market performance and a quick review of the first half for securities lending.

More importantly I take a look at market performance for the second half of 2022 and what this might mean for securities lending revenues.

In this video I review the first half of 2022 - equity and bond markets as it relates to securities lending and then give an outlook for the second half of t...

19/07/2022

The "G" in ESG (Governance) is the one the maket has been dealing with the longest, but issues still arise.
"Empty Voting" has come up again recently, sparked by Mediobanca using borrowed shares to bolster its position going into the Generali AGM in May. Market abuse, manipulation or something else?
I explore it in my latest YouTube video

In this video I'll address the issues surrounding empty voting - the practice whereby an investor with little or no economic interest in a company acquires a...

11/07/2022

In this video I review the Distributed Ledger Technology (DLT) panel from the recent SFT Technology Symposium. The moderator was Bob Currie, Securities Finance Times with panelists Richard Glen, HQLAx; Michele Hillery, DTCC; Paul Pirie, JP Morgan; Matt Wolfe, OCC and Michael Brown, Clifford Chance.

Chapters
Introduction 0:00
Today's topics 1:37
Moderator and panelists 2:17
OCC - DLT development agenda 3:05
DTCC - DLT development agenda 7:41
JP Morgan - DLT use-cases 11:13
HQLAx – DLT use-cases 16:38
Clifford Chance – DLT - major legal hurdles 21:31
Next week’s topic ... 28:03

https://youtu.be/flSdTDagtxQ

29/05/2022

In this review I look at the Regulatory Reporting and Transparency panel from the recent SFT Technology Symposium on Liquidity and Trading. The moderator was Sarah Nicholson, Co***lo, with panelists Ed Oliver, eSecLending; Gary Plummer, JP Morgan; and Fabien Romero, S&&P Global Market Intelligence.

18/05/2022

Tomorrow at 13:00 UKT I have the pleasure of moderating a panel at the Securities Finance Technology Symposium.

The topic of the panel is "Liquidity and trading strategy - tech, data, behaviour" and the panelists are: Travis Keltner, State Street; Shane Martin, WeMatch; Mike Norwood, EquiLend; and Ed Tyndale-Biscoe, ION.

It's free to attend - find out more at: https://web.cvent.com/event/70c33e92-96c4-4324-bd57-4c826cf09b0a/websitePage:3c9fcc44-663a-4526-957e-2090cdfeeefb

Tomorrow at 13:00 UKT I have the pleasure of moderating a panel at the Securities Finance Technology Symposium. The topic of the panel is "Liquidity and trading strategy - tech, data, behaviour" and the panelists are: Travis Keltner, State Street; Shane Martin, WeMatch; Mike Norwood, EquiLend; and E...

16/05/2022

In our latest video, we review the revenues and data from the first four months of 2022 using information published by IHS Markit.