www.paslaonline.com Open in urlscan Pro
42.99.139.27  Public Scan

Submitted URL: http://www.paslaonline.com/
Effective URL: https://www.paslaonline.com/
Submission: On January 14 via api from CH — Scanned from JP

Form analysis 2 forms found in the DOM

POST ./

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                <h1>Securities Lending in Asian Markets</h1>
                <p class="hidden-xs"> PASLA was incorporated in Hong Kong in 1995 and is an association of firms<br> that are active in the business of borrowing and/or lending securities in Asian markets. </p>
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                <h1>Securities Lending in Asian Markets</h1>
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                <h1>Securities Lending in Asian Markets</h1>
                <p class="hidden-xs"> PASLA works with regional regulators and exchanges to assist in the further development<br> of the securities lending business. </p>
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                <div class="c-name">Taiwan</div>
                <div class="date">11 January 2022</div>
                <div class="source-name hidden-xs">Citi</div>
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                <div class="title"><a href="/members/newsitem.aspx?ID=919">Taiwan: Foreign currency collateral transferrable between SBL and TWD financing</a></div>
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                  <p>On 3 January 2022, the Financial Supervisory Commission (FSC) announced the relaxation on the handling of foreign currency (FCY) collateral provided by the foreign institutional investors (FINIs) for securities borrowing with the
                    local broker acting as a lender and for obtaining TWD loan from the local broker.&nbsp;</p>
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                <div class="c-name">ASIA</div>
                <div class="date">11 January 2022</div>
                <div class="source-name hidden-xs">PASLA</div>
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                <div class="title"><a href="/members/newsitem.aspx?ID=920">PASLA - Working together with ISLA on legal documentation</a></div>
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                  <p style="margin: 0cm 0cm 7.5pt; font-size: 13.3333px;"><span style="font-size: 11pt; font-family: Calibri, sans-serif;">As announced last year, ISLA and PASLA are working together to develop GMSLA addenda and other relevant legal
                      documentation for the Asia Pacific markets.<o:p></o:p></span></p>
                  <p style="margin: 0cm 0cm 7.5pt; font-size: 13.3333px;"><span style="font-size: 11pt; font-family: Calibri, sans-serif;">The current regional addenda have now been added to the ISLA website as well as remaining on the
                      PASLA&nbsp;<a href="https://www.paslaonline.com/members/documentation.aspx"><span style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">document section</span></a>.&nbsp;
                      PASLA members are able to request a log in to
                      the&nbsp;<a href="https://www.islaemea.org/"><span style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ISLA website</span></a>&nbsp;to
                      review supplementary information including, for example, the GMSLA Pledge documentation and ISLA's clause library.&nbsp; PASLA's Legal Working Group will work with ISLA to prioritize and develop further annexes and addenda
                      identified as essential for securities lending activity across Asian Pacific markets that will be available to members of both associations.<o:p></o:p></span></p>
                  <p style="margin: 0cm 0cm 7.5pt; font-size: 13.3333px;"><span style="font-size: 11pt; font-family: Calibri, sans-serif;">This is a further step along the digitalization journey of industry documentation, enabling members of both
                      associations to access market-standard templates and promote the adoption of standard provisions across the securities lending markets.&nbsp;&nbsp;</span></p>
                </div>
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                <div class="c-name">Hong Kong</div>
                <div class="date">06 January 2022</div>
                <div class="source-name hidden-xs">HKEx</div>
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              <div class="col-sm-8">
                <div class="title"><a href="/members/newsitem.aspx?ID=918">Hong Kong: Presentation from HKEx on the new listing regime for overseas issuers</a></div>
                <div class="description hidden-xs" id="news-918" style="display: none">
                  <p style="font-size: 13.3333px;">On the 5th of January, the HKEx kindly presented PASLA members with a summary of their new listing regime.</p>
                  <p style="font-size: 13.3333px;">The session materials are now available by clicking on the "Read More" link below.</p>
                </div>
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                <div class="c-name">Hong Kong</div>
                <div class="date">05 January 2022</div>
                <div class="source-name hidden-xs">HKEx</div>
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              <div class="col-sm-8">
                <div class="title"><a href="/members/newsitem.aspx?ID=917">PASLA - HKEx to provide update to pending changes to Hong Kong's listing rules</a></div>
                <div class="description hidden-xs" id="news-917" style="display: none">
                  <p style="font-size: 13.3333px;"><span style="font-family: Arial, sans-serif; color: rgb(51, 51, 51);">PASLA is excited to partner with HKEx who have offered to provide an update for our members concerning the planned changes to
                      Hong Kong’s listing rules on the 5th of January at 4:30pm HK time. This is a rare opportunity to engage directly with the exchange on one of their largest initiatives that will have an impact on both market liquidity perspective
                      and access/hedging.&nbsp; &nbsp;The original consultation papers can be found on the link in the "Read More" tab below.&nbsp;&nbsp;</span></p>
                  <p style="font-size: 13.3333px;"><span style="color: rgb(51, 51, 51); font-family: Arial, sans-serif; font-size: 10pt;">Your PASLA official representative will already have received an invite with dial in details - please
                      contact&nbsp;</span><u style="color: rgb(51, 51, 51); font-family: Arial, sans-serif; font-size: 10pt;"><a href="mailto:info@paslaonline.com">info@paslaonline.com</a></u><span
                      style="color: rgb(51, 51, 51); font-family: Arial, sans-serif; font-size: 10pt;">&nbsp;if you would also like them.&nbsp; </span></p>
                  <p style="font-size: 13.3333px;"><br></p>
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                <div class="c-name">GLOBAL</div>
                <div class="date">16 December 2021</div>
                <div class="source-name hidden-xs">PASLA</div>
              </div>
              <div class="col-sm-8">
                <div class="title"><a href="/members/newsitem.aspx?ID=916">PASLA Webinar Series - Register Now for Regional Market Update</a></div>
                <div class="description hidden-xs" id="news-916" style="display: none">
                  <p class="MsoNormal" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      lang="EN-US" style="border: 1pt none windowtext; padding: 0cm;"><span style="font-size:10.0pt;font-family:" arial",sans-serif;="" mso-fareast-font-family:dengxian;mso-fareast-theme-font:minor-fareast;=""
                        mso-ansi-language:en-hk;mso-fareast-language:zh-cn;mso-bidi-language:ar-sa"="">Thursday 16<sup>th</sup> December at 12pm (and subsequently available on demand) <span
                          style="background:yellow;mso-highlight:yellow"><a href="https://www.workcast.com/register?cpak=8030169521842033">Register here or follow the "Read More" option below</a></span></span></span></p>
                  <p class="MsoNormal" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      lang="EN-US" style="border: 1pt none windowtext; padding: 0cm;">Please join us for the latest in our current series of webinars.&nbsp;</span>
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      lang="EN-US" style="border: 1pt none windowtext; padding: 0cm;">This panel includes regional industry experts with representatives from the Lender, Borrower and local Broker community who will take a look at the headlines,
                      trends and markets that have driven Securities Lending performance in APAC this year including a deep dive into Taiwan – a market that has been one of the star regional performers.&nbsp;</span><span style="font-size: 10pt;">The
                      panel will explore the economic dynamics and investment themes that have shaped the APAC Securities Lending landscape and will look to the future as we ask what we can expect from 2022 and beyond.</span></p>
                  <p class="MsoNormal" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      lang="EN-US" style="border: 1pt none windowtext; padding: 0cm;">The panel will also discuss the work that PASLA has undertaken to promote Securities Lending within the APAC region and provide an update on some of the important
                      developments that have taken place within these markets.</span>
                    <o:p></o:p>
                  </p>
                  <p style="margin: 7.5pt 0cm; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">If you didn’t get the opportunity to watch any of our earlier webinars in this series, they are still available to view on demand. Please register on the following links
                      for:<o:p></o:p></span></p>
                  <p class="MsoNormal"
                    style="margin: 0cm 0cm 0cm 51pt; text-indent: -18pt; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "
                        times="" new="" roman";"="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><a href="https://www.workcast.com/register?cpak=3320314112957024" target="_blank"><b><span style="mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;color:#1C6CAB;
border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;padding:0cm">Securities
Borrowing and Lending - Modern Day Essentials</span></b></a>
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal"
                    style="margin: 0cm 0cm 0cm 51pt; text-indent: -18pt; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "
                        times="" new="" roman";"="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><a href="https://www.workcast.com/register?cpak=7497250373255690" target="_blank"><b><span style="mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;color:#1C6CAB;
border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;padding:0cm">Introduction
to Collateral Management</span></b></a>
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal"
                    style="margin: 0cm 0cm 0cm 51pt; text-indent: -18pt; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "
                        times="" new="" roman";"="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><a href="https://www.workcast.com/register?cpak=8804147425907082" target="_blank"><b><span style="mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;color:#1C6CAB;
border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;padding:0cm">The
Increasing Importance of Collateralization In Asia Pacific</span></b></a>
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal"
                    style="margin: 0cm 0cm 0cm 51pt; text-indent: -18pt; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "
                        times="" new="" roman";"="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><a href="https://www.workcast.com/register?cpak=3105209178005579." target="_blank"><b><span style="mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;color:#1C6CAB;
border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;padding:0cm">Technology
- the Digital Dilemma</span></b></a>
                    <o:p></o:p>
                  </p>
                  <p class="MsoNormal"
                    style="margin: 0cm 0cm 0cm 51pt; text-indent: -18pt; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">
                    <!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "
                        times="" new="" roman";"="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><a href="https://www.workcast.com/register?cpak=4690601376694295" target="_blank"><b><span style="mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;color:#1C6CAB;
border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;padding:0cm">China
Market Access</span></b></a>
                    <o:p></o:p>
                  </p>
                  <p style="margin: 0cm; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">&nbsp;</span></p>
                  <p>
                  </p>
                  <p style="margin: 0cm; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">We would like to thank our Gold
                      Sponsors&nbsp;</span><a href="https://certainty-bnymellon.com/" target="_blank"><b><span style="font-size:11.0pt;font-family:" calibri",sans-serif;mso-ascii-theme-font:="" minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;="" color:#1c6cab;border:none="" windowtext="" 1.0pt;mso-border-alt:none="" 0cm;="" padding:0cm"="">BNY Mellon</span></b></a><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">,&nbsp;</span><a href="https://www.equilend.com/" target="_blank"><b><span style="font-size:11.0pt;font-family:" calibri",sans-serif;="" mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:="" minor-latin;color:#1c6cab;border:none="" windowtext="" 1.0pt;mso-border-alt:none="" 0cm;="" padding:0cm"="">Equilend</span></b></a><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">&nbsp;and&nbsp;</span><a href="https://www.morganstanley.com/" target="_blank"><b><span style="font-size:11.0pt;font-family:" calibri",sans-serif;mso-ascii-theme-font:="" minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;="" color:#1c6cab;border:none="" windowtext="" 1.0pt;mso-border-alt:none="" 0cm;="" padding:0cm"="">Morgan Stanley</span></b></a><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">&nbsp;for their support of the webinar series
                      and&nbsp;</span><a href="https://apac.bnpparibas/en/"><b><span style="font-size:11.0pt;font-family:" calibri",sans-serif;mso-ascii-theme-font:="" minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;="" color:#1c6cab;border:none="" windowtext="" 1.0pt;mso-border-alt:none="" 0cm;="" padding:0cm"="">BNP Paribas</span></b></a><span
                      style="font-size: 11pt; font-family: Calibri, sans-serif;">&nbsp;and&nbsp;<a href="https://www.societegenerale.asia/en/" target="_blank"><b><span style="color:#1C6CAB;border:none windowtext 1.0pt;mso-border-alt:none windowtext 0cm;
padding:0cm">Societe Generale</span></b></a>&nbsp;for their support of this event.<o:p></o:p></span></p>
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                <div class="c-name">GLOBAL</div>
                <div class="date">19 January 2022</div>
                <div class="event-type-name hidden-xs">Conference</div>
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                <div class="title"><a href="/members/eventitem.aspx?ID=54">PASLA Webinar Series - Register Now for ESG Update</a></div>
                <div class="description hidden-xs" id="event-54" style="display: none"><b>ESG in Securities Lending – Considerations, Solutions and the Road Ahead</b> Wednesday 19th January at 12pm HK time (and subsequently available on demand)
                  <a href="https://www.workcast.com/register?cpak=1228421965193010" target="_blank" style="color: #3498db; background-color: #FFFF00;"><b>Register on the Read More Link Below</b></a> PASLA is excited to host our first webinar of 2022
                  as we consider the continued growth and application of ESG principles within the world of securities lending. What is the current state of play for ESG in Securities Lending? How are Beneficial Owners and other market participants
                  navigating the ESG landscape? What does the future hold? We invite you to join our ESG specialist, beneficial owners, and industry participant as they review the evolution of ESG within the securities lending world and discuss
                  solutions for integrating ESG requirements into lending programs. The panelists will consider elements ranging from voting to collateral to transparency as well as offering their view on evolving ESG frameworks and how these might
                  shape the future of the business. We would like to thank our Gold Sponsors <a href="https://certainty-bnymellon.com/" target="_blank" style="color: #3498db;">BNY Mellon</a>,
                  <a href="https://www.equilend.com/" target="_blank" style="color: #3498db;">Equilend</a> and <a href="http://www.morganstanley.com/" target="_blank" style="color: #3498db;">Morgan Stanley</a> for their support of the webinar series
                  and <a href="https://apac.bnpparibas/en/" target="_blank" style="color: #3498db;">BNP Paribas</a>, <a href="https://www.societegenerale.asia/en/" target="_blank" style="color: #3498db;">Societe Generale</a> and
                  <a href="https://www.statestreet.com/home.html" target="_blank" style="color: #3498db;">State Street</a> for their support of this event. Please visit our
                  <a href="https://www.paslaonline.com/" target="_blank" style="color: #3498db;">website</a> or <a href="https://www.linkedin.com/company/pasla" target="_blank" style="color: #3498db;">LinkedIn</a> page to stay informed of upcoming
                  events. If you didn’t get the opportunity to watch any of our earlier webinars in this series, they are still available to view on demand. Please visit the
                  <a href="https://www.paslaonline.com/members/eventitem.aspx?ID=53" target="_blank" style="color: #3498db;">events section</a> of the PASLA website for access. </div>
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            <p>Membership is open to any organisation that is a regular borrower or lender of securities or regularly enters into repo transactions. The Board may decide to confer honorary member status on institutions that do not meet this
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 3. 




SECURITIES LENDING IN ASIAN MARKETS

PASLA was incorporated in Hong Kong in 1995 and is an association of firms
that are active in the business of borrowing and/or lending securities in Asian
markets.


LET'S START 


SECURITIES LENDING IN ASIAN MARKETS

PASLA provides a collective voice and an industry consensus on issues
that affect the development of the securities lending business.


LET'S START 


SECURITIES LENDING IN ASIAN MARKETS

PASLA works with regional regulators and exchanges to assist in the further
development
of the securities lending business.


LET'S START 

 


NEWS

Taiwan
11 January 2022
Citi
Taiwan: Foreign currency collateral transferrable between SBL and TWD financing

On 3 January 2022, the Financial Supervisory Commission (FSC) announced the
relaxation on the handling of foreign currency (FCY) collateral provided by the
foreign institutional investors (FINIs) for securities borrowing with the local
broker acting as a lender and for obtaining TWD loan from the local broker. 

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ASIA
11 January 2022
PASLA
PASLA - Working together with ISLA on legal documentation

As announced last year, ISLA and PASLA are working together to develop GMSLA
addenda and other relevant legal documentation for the Asia Pacific markets.

The current regional addenda have now been added to the ISLA website as well as
remaining on the PASLA document section.  PASLA members are able to request a
log in to the ISLA website to review supplementary information including, for
example, the GMSLA Pledge documentation and ISLA's clause library.  PASLA's
Legal Working Group will work with ISLA to prioritize and develop further
annexes and addenda identified as essential for securities lending activity
across Asian Pacific markets that will be available to members of both
associations.

This is a further step along the digitalization journey of industry
documentation, enabling members of both associations to access market-standard
templates and promote the adoption of standard provisions across the securities
lending markets.  

+

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Hong Kong
06 January 2022
HKEx
Hong Kong: Presentation from HKEx on the new listing regime for overseas issuers

On the 5th of January, the HKEx kindly presented PASLA members with a summary of
their new listing regime.

The session materials are now available by clicking on the "Read More" link
below.

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Hong Kong
05 January 2022
HKEx
PASLA - HKEx to provide update to pending changes to Hong Kong's listing rules

PASLA is excited to partner with HKEx who have offered to provide an update for
our members concerning the planned changes to Hong Kong’s listing rules on the
5th of January at 4:30pm HK time. This is a rare opportunity to engage directly
with the exchange on one of their largest initiatives that will have an impact
on both market liquidity perspective and access/hedging.   The original
consultation papers can be found on the link in the "Read More" tab below.  

Your PASLA official representative will already have received an invite with
dial in details - please contact info@paslaonline.com if you would also like
them. 




+

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GLOBAL
16 December 2021
PASLA
PASLA Webinar Series - Register Now for Regional Market Update

Thursday 16th December at 12pm (and subsequently available on demand) Register
here or follow the "Read More" option below

Please join us for the latest in our current series of webinars. 

This panel includes regional industry experts with representatives from the
Lender, Borrower and local Broker community who will take a look at the
headlines, trends and markets that have driven Securities Lending performance in
APAC this year including a deep dive into Taiwan – a market that has been one of
the star regional performers. The panel will explore the economic dynamics and
investment themes that have shaped the APAC Securities Lending landscape and
will look to the future as we ask what we can expect from 2022 and beyond.



The panel will also discuss the work that PASLA has undertaken to promote
Securities Lending within the APAC region and provide an update on some of the
important developments that have taken place within these markets.

If you didn’t get the opportunity to watch any of our earlier webinars in this
series, they are still available to view on demand. Please register on the
following links for:

·         Securities Borrowing and Lending - Modern Day Essentials

·         Introduction to Collateral Management

·         The Increasing Importance of Collateralization In Asia Pacific

·         Technology - the Digital Dilemma

·         China Market Access

 



We would like to thank our Gold Sponsors BNY Mellon, Equilend and Morgan
Stanley for their support of the webinar series and BNP Paribas and Societe
Generale for their support of this event.

+

--------------------------------------------------------------------------------

All News 


EVENTS

GLOBAL
19 January 2022
Conference
PASLA Webinar Series - Register Now for ESG Update
ESG in Securities Lending – Considerations, Solutions and the Road Ahead
Wednesday 19th January at 12pm HK time (and subsequently available on demand)
Register on the Read More Link Below PASLA is excited to host our first webinar
of 2022 as we consider the continued growth and application of ESG principles
within the world of securities lending. What is the current state of play for
ESG in Securities Lending? How are Beneficial Owners and other market
participants navigating the ESG landscape? What does the future hold? We invite
you to join our ESG specialist, beneficial owners, and industry participant as
they review the evolution of ESG within the securities lending world and discuss
solutions for integrating ESG requirements into lending programs. The panelists
will consider elements ranging from voting to collateral to transparency as well
as offering their view on evolving ESG frameworks and how these might shape the
future of the business. We would like to thank our Gold Sponsors BNY Mellon,
Equilend and Morgan Stanley for their support of the webinar series and BNP
Paribas, Societe Generale and State Street for their support of this event.
Please visit our website or LinkedIn page to stay informed of upcoming events.
If you didn’t get the opportunity to watch any of our earlier webinars in this
series, they are still available to view on demand. Please visit the events
section of the PASLA website for access.
+

--------------------------------------------------------------------------------

All Events 

 


MEMBERSHIP




Membership is open to any organisation that is a regular borrower or lender of
securities or regularly enters into repo transactions. The Board may decide to
confer honorary member status on institutions that do not meet this definition.

Membership includes access to country profiles, summaries of Executive Committee
meetings, country updates and much more.


LET'S START 








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PASLA was incorporated in Hong Kong in 1995, and is an association of firms that
are active in the business of borrowing and/or lending securities of Asian
markets.

About

About PASLA
What We Do
Securities Lending Explained
Executive Committee
List of Members
FAQs

Membership Area

Market Profiles
News
Events
Minutes
Financial Statements
Documentation
Task Group

Legal

Copyright Information
Privacy Policy
Disclaimer
Competition Law Guidelines


--------------------------------------------------------------------------------

Copyright 2022 Pan Asia Securities Lending Association