Peer Connections

As ISLA has partnered with GPFA to engage more beneficial owners, Matt Brunette of Norges Bank Investment Management and active GPFA member is joined by Ina Budh-Raja of Bank of New York Mellon and Chair of the ISLA Board of Directors, and Andy Dyson, CEO of ISLA, to discuss the upcoming 2024 ISLA Conference. They talk about the panels they're most looking forward to and the positive impact when various players in the value chain gather to look to the future, discuss common challenges and create solutions together.

Chris Benish is joined by Mary Jane Schuessler, Managing Director at BMO Capital Markets and President of the CASLA board, to discuss the upcoming 2024 CASLA Conference, the history and evolution of the association, agenda items to look forward to and some advice for those visiting Toronto.

Matt Brunette of Norges Bank, Jerry May of OPERS and Michael Stamm of SWIB join Brooke Gillman to discuss the reasons each approach insourcing securities finance in different ways, from hybrid trading, to control over cash management, to owning risk or to managed agent models. No matter the route, each beneficial owner has evolved to meet their organization's needs while understanding their relative skill sets, resources, and operational capacities.

Chris Benish speaks with some of the newest GPFA members, Brian Yeazel and Kris Breitzman of Northwestern Mutual, about their approach to securities lending, repo, and cash collateral reinvestment and finds out what drove them to join GPFA.

Following the first GPFA podcast on indemnification, Matt Brunette from NBIM, Chris Benish from SWIB and Jerry May from OPERS continue the conversation comparing their views on how the cost of indemnification may impact the global beneficial owner community as well as the broader market.

Read Mark Faulkner's paper here: http://globalpeerfinancingassociation.org/s/Something-Better-Change-13622-Credit-Benchmark.pdf

Matt Brunette from Norges Bank Investment Management and Mark Faulkner from Credit Benchmark discuss how regulatory capital constraints are impacting the market and how agent banks are starting to respond with real change to the way they do business and what may happen next

Read Mark's paper here: http://globalpeerfinancingassociation.org/s/Something-Better-Change-13622-Credit-Benchmark.pdf

GPFA speaks with Thomas Aubrey to understand the impacts banking regulations will have on buy-side participants in the securities finance market

View Thomas' paper entitled ‘EU capital rules to increase buyside trading costs' here:

https://www.creditbenchmark.com/eu-capital-rules-to-increase-buyside-trading-costs/

Digging into the research, HOOP and SWIB presented their separate published papers on how to construct a better beta portfolio

GPFA talks to Jacky Lee of HOOPP and Redouane Elkamhi of the Rotman School of Management about their research work and published paper titled “Bridging the Gap between Strategic Allocation and Investment Risk"

Lisa Mantello from Osler Hoskin & Harcourt LLP led a renowned group of global experts in ESG investing through an interactive debate on the developments affecting ESG and financing today. Gordon L. Clark, from Oxford University, Timothy Hughes and Michael Innes from Osler and Oly Moir and Azadeh Nassiri from Slaughter and May joined the discussion with GPFA's global buyside member community.