Pierpoint Perspective$

Ben Arnold and Michael Ashby of Meraki Global Advisors meet with Pierpoint Perspectives host Roy Zimmerhansl and speak with him on outsourced trading, the different models and the reasons why asset managers of all types may want to consider outsourced trading.
There are lessons to be learned and applied to a range of businesses, including securities finance.

You can find out more about Meraki at their website
Reach out to Ben or Michael via their LinkedIn profiles:
Ben Arnold
Michael Ashby

Pierpoint Connections

You can reach Roy Zimmerhansl at [email protected] and on LinkedIn at www.linkedin.com/in/royzimmerhansl

Learn through access to experts, gain information and grow your contacts through the networking benefits of Pierpoint Alpha Community - DOORS CLOSE ON 13 JUNE!!!

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Darren Crowther and Vishal Agrawal of Broadridge join host Roy Zimmerhansl to discuss technology - the current state; the existing and potential applications for robotics and artificial intelligence; and the disruptors that are already influencing the thinking of financial market participants.

Broadridge 

LinkedIn connections:
Darren Crowther https://www.linkedin.com/in/darren-crowther-a8103421
Vishal Agrawal https://www.linkedin.com/in/vishalagrawal1999

Pierpoint Connections

You can reach Roy Zimmerhansl at [email protected] and on LinkedIn at www.linkedin.com/in/royzimmerhansl

Learn through access to experts, gain information and grow your contacts through the networking benefits of Pierpoint Alpha Community - DOORS CLOSE ON 13 JUNE!!!

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Mark Faulkner, Co-Founder Credit Benchmark engages in a wide-ranging discussion with host Roy Zimmerhansl covering Basel IV, Peer-to-Peer, Pledge Collateral, Indemnifications, and even 'meme stocks'.

Timeline

00:00 Introduction

2:45 New developments at Credit Benchmark

6:30 Importance of Basel IV to Securities Finance

9:30 Unrated entities – wider impact than Securities Finance

16:00 Absorbing the cost, GC, Peer-to-Peer, and mitigants

18:56 Collateral eligibility and market evolution

22:30 ESG

28:20 Pledge Collateral

30:22 Challenge of regulatory roll-out of Basel IV?

37:21 No easy labels for organisations

38:52 Financial strength and indemnifications

41:06 Meme stock frenzy and Being There

45:15 Roy’s Episode summary

Pierpoint Connections

You can reach Roy Zimmerhansl at [email protected] and on LinkedIn at www.linkedin.com/in/royzimmerhansl

Learn through access to experts, gain information and grow your contacts through the networking benefits of Pierpoint Alpha Community 

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This episode features Nick Bruce, who is Head of Business Development at Regis-TR; one of Europe's leading Trade Repositories. Speaking with host Roy Zimmerhansl, Nick gives listeners his perspective on the role of trade repositories, the rollout of SFTR, the challenge and opportunities of data evolution, and more.

Timeline

00:00 Introduction

3:05 What is a Trade Repository?

8:30 Breadth of Regis-TR regulatory coverage

9:40 A holistic view of data and evolution of standards

19:01 Bringing together data from different regulatory regimes

22:35 Not sexy, but definitely important

23:51 Impact of Brexit

32:08 The human side of working in a Covid world

45:38 Nick’s closing thoughts on the future

49:38 Roy’s Episode summary and Season Two wrap-up

Pierpoint Connections

You can reach Roy Zimmerhansl at [email protected] and on LinkedIn at www.linkedin.com/in/royzimmerhansl

Learn through access to experts, gain information and grow your contacts through the networking benefits of Pierpoint Alpha Community

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Que Phuong Dufournet-Tran, Trading Services & Analytics Regulatory Affairs, IHS Markit, continues with her SFTR Review, this time looking forward - what is the focus for the firms and industry participants for 2021?

In January 2021, her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and business intelligence solutions.  

Timeline

00:00 Introduction

2:42 The motto for 2021 - Data Quality and Control

8:05 The focus on Lifecycle Events

10:58 The problem of missing LEIs for Non-EEA issuers

25:19 Responsibility without Control

30:48 What are market participants focussed on for 2021?

32:37 Data standardisation - an international objective

38:54 No regulation is perfect - in a better place than we were

40:40 Roy's wrap-up

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Que Phuong Dufournet-Tran, IHS Markit, takes listeners and host Roy Zimmerhansl through a review of the progress at the six-month stage after initial SFTR implementation.

Que Phuong works at IHS Markit in Trading and Services regulatory affairs, leading relations with industry associations and regulators for more than a year. In January her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and business intelligence solutions.  

You can read Que Phuong's article that grabbed my attention at: http://bit.ly/SFTRQPDT

Timeline

00:00 Introduction

3:59 Interesting beginnings for SFTR journey

6:31 Initial observations on first six months

7:51 Key positives of the implementation

10:31 Achieving a high Acceptance Rate

13:42 Documentation break issues and resolution

14:33 Problems with Legal Entity Identifiers (LEI)

17:41 Improving counterparty exposure oversight

22:25 Turning to less positive aspects of implementation

30:31 Addressing the outstanding issues and priorities

33:22 Integrated information rather than UK/EU split

38:40 BAU or ongoing investment?

45:30 Minimum viable compliance vs Target Operating Model change

46:15 Outlook six-twelve months from today

47:11 Harmonisation of data

51:55 Learning from EMIR, Q&A process, Brexit

54:28 Additional responsibilities for Que Phuong

59:30 Roy's wrap-up

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Richard Comotto, expert securities finance consultant with a deep and rich history in repo markets gives his assessment of the first six months of the implementation of SFTR. He shares his views with host Roy Zimmerhansl, Practice Lead at Pierpoint.

Richard's LinkedIn profile: https://www.linkedin.com/in/richard-comotto-14a6403

Timeline

00:00 Introduction

3:10 Initial observations on first six months

6:35 “Extraordinary effort“ required … and delivered

12:15 The positive aspects of the implementation

19:47 Failure to invest in ‘fit for purpose’ technology

29:51 The less-positive side of SFTR and its implementation

42:10 SFTR review in April?

44:30 Brexit

47:10 Rating SFTR performance of SFTR stakeholders

52:50 Closing thoughts from Richard

58:50 Pierpoint Alpha Community

59:57 Roy's wrap-up

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Jeroen Bakker and Roy Zimmerhansl review Jeroen's blog post series of (In)Famous Hot Trades that involve securities lending.

The blog posts mentioned in the episode are listed as part of the timeline

Timeline

00:00 Introduction

8:04 Wirecard https://bit.ly/HotWirecard

11:09 Grenke AG https://bit.ly/HotGrenke

15:49 GSX TechEdu https://bit.ly/HotGSXTech

20:50 Volkswagen/Porsche and “what is a Short Squeeze?” https://bit.ly/HotVWPorsche

26:39 Citigroup https://bit.ly/HotCiti

34:12 Carillion https://bit.ly/HotCarillion

37:51 Nikola https://bit.ly/HotNikola

44:55 DoorDash IPO – a future short?

48:28 A request from Jeroen from Podcast Listeners

48:52 Jeroen’s favourite blog post(s)

51:50 Roy's “Thank Yous” and wrap-up

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Lucinda Guthrie, Executive Editor, Acuris, has been covering financial markets as a journalist for the past 15 years. She has been at the heart of deals and deal-making and she takes listeners through a review of 2020 and looks forward to 2021.

You can find Lucinda on LinkedIn here

Learn more about Acuris products such as Mergermarket, Dealreporter and PaRR at: https://www.acuris.com/

Timeline

00:00 Introduction

2:50 What is Acuris and why is it relevant to Securities Finance

4:15 2020 - A roller coaster year

7:55 Pandemic-proof or Bottom-fishing?

10:33 Given COVID-19 impact, how are deals affecting structures?

13:17 Corporates return to public equity markets

17:50 What does a normal Q4 look like and how does 2020 compare?

19:22 Impact of Brexit

26:52 Preliminary outlook for 2021

32:00 What is a SPAC and what are they used for?

35:15 Working From Home and deal-making

40:40 Roy's wrap up

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Max Budra of the Alternative Investment Management Association (AIMA) speaks with Roy Zimmerhansl about "Short Selling and Responsible Investment" a report released by AIMA in conjunction with Simmons and Simmons.

Follow Max and AIMA

AIMA Website

Max Budra on LinkedIn

Max's email: [email protected]

Short Selling and Responsible Investment

Timeline

4:50 EY Report – Investors place growing importance on ESG factors for Alternative Managers

7:30 Are ESG and Responsible Investment the same thing?

9:00 Differing standards and priorities on ESG and responsible investment

11:25 Using hedge funds to manage ESG risks

17:15 Different time horizons and the relevance of ESG factors

21:45 No longer “anti-vice” funds

24:25 Short selling – always a part of the “G” in ESG

27:22 Greenwashing

32:20 Will leading ESG companies outperform and reshape indices?

38:00 Retail vs Sophisticated investors challenges of ESG index construction and regulation

40:20 ESG Long Short funds

41:50 Other work AIMA is focusing on

46:02 Roy’s closing thoughts

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