ICBC Standard Bank: The rise of repo
The 'Country Profile' section of the Global Investor Securities Finance Asia-Pacific Guide sets out recent developments and anticipated changes for the most active securities finance markets in the Asia Pacific region. The guide covers securities lending and synthetic finance as well as tri-party and repo. ICBC Standard Bank has supported this guide with expert eye sections on selected repo markets in the region.
Participation
in Asia Pacific repo forms an important part of an increasingly international financing
market.
Since
the financial crisis, the repo market has changed fundamentally. A variety of
new regulations, coupled with greater control from internal risk frameworks, have
placed uncertainty around the product and, according to the latest
International Capital Market Association (ICMA) survey, restricted growth.
At
the same time, central bank policy has provided large amounts of liquidity to
banks. The onward use of this liquidity, during a period of low outright
interest rates and reduced spreads, has resulted in the repo market generally
looking for new horizons.
There
has been a clear trend for global finance being provided into an Asia Pacific
market with a vibrant domestic and international fixed income market.
Following
the harsh lessons of the 2000s, the need is greater than ever for providers to
co-opt local knowledge to gain a deeper understanding of the collateral they
are trading and the counterparty that is in receipt of the cash. I hope you
will find this guide useful and insightful.
Iain Colquhoun
Head: Flow Sales, ICBC Standard Bank
Telephone: +44 203 145 6658
Email: iain.colquhoun@icbcstandard.com
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you