JPMorgan claims tri-party sec lending first

JPMorgan Treasury & Securities Services has completed what it claims is Australia’s first tri-party securities lending transaction, allowing the borrower to post securities as collateral instead of cash – something only previously facilitated, on a bilateral basis, by National Asset Servicing.

The milestone transaction was between UBS and State Street Bank & Trust.

 

 

 

 

 

 

 

 

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Australia’s greenwashing fix has a greenwashing problem

ASFI’s sustainable finance taxonomy was meant to make greenwashing harder. But with the framework now being piloted by a slew of asset owners, banks and rating houses, there are lingering questions as to whether it does the opposite.

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