SECURITIES FINANCE
ANDREW DYSON, INTERNATIONAL SECURITIES LENDING ASSOCIATION
‘Most looking forward to a normalised year’, says ISLA’s Dyson The International Securities Lending Association’s chief executive Andy Dyson talks to Ramla Soni about the state of the industry it represents.
Winter 2021/22
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As we delve into the new year and look back on 2021, the securities lending industry’s main trade body said one of the things it is “most looking forward to is a more normalised year”. Speaking to Global Investor, Andrew Dyson, CEO of the International Securities Lending Association (ISLA), said everyone will “welcome a more normalised year and working environment” after working remotely for most of last year. “Although, we adapted well to working from home and reflecting the needs of our members, this is an industry that thrives on engagement,” Dyson said. “Unlike some markets where it’s quite remote and anonymised, this is a sector that functions around those personal relationships that people have”. However, although the last year was “challenging”, Dyson said he is happy that most of the major things the organisation wanted to accomplish were achieved. Firstly, there were two big elements to the Central Securities Depository Regulation (CSDR), which was a “big area of focus from an advocacy perspective”, Dyson said. One element was the mandatory buying regime, which “after a considerable joint association and market efforts to get the mandatory buy-ins deferred, we successfully achieved that, in December which was a big element of 2021,” Dyson explained. Since the clarification of buy-ins, the association has been working “extensively” with members around
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