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Firms will need a DIY or third-party system, says Kevin McNulty at Equilend, about the controversial new rule.
The SEC is changing securities lending via a new rule and that will cause securities firms to develop their own reporting platform or use a third-party reporting agent, says Kevin McNulty, managing director, head of RegTech Solutions at Equilend, a securities lending platform provider. The rule requires firms to report securities lending data to a...
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