Global Principles for Sustainable Securities Lending Community Interest Company (Global PSSL CIC) is thrilled to announce the establishment of its Asset Owners Council to enhance transparency, good governance and sustainability in securities lending. Asset owners are leading the way in forming our new council structure that will have a brand-new Active Briefing Culture® to increase transparency, clarity and efficiency throughout the whole securities lending value chain – and beyond.

The National Employment Savings Trust (Nest) chairs the Asset Owners Council, which includes Merseyside Pension Fund and PGGM as founding organisations. Our 3P Transparency tool has enabled the establishment of this council as part of our commitment to enhance governance, with inputs from United Nations reviewers.

Radek Stech, CEO & Founder of Global PSSL CIC, expressed his enthusiasm: “I am delighted that the Asset Owners Council is live as part of the Global PSSL family as we are all committed to increasing transparency and stakeholders’ understanding of the whole value chain. I am also glad that our 3P Transparency tool and new Active Briefing Culture® serve as governance mechanisms on the journey to achieving that goal. This aims to stem the rise in legal and regulatory cases relating to securities lending in recent years.”

Diandra Soobiah, Director of Responsible Investment at Nest said: “Nest is looking forward to chairing  GPSSL’s new Asset Owners Council. This initiative represents a significant step towards integrating sustainability, transparency and accountability into the securities lending markets in the interests of asset owners. We hope the Council will serve as an influential voice in  Global PSSL, and wider value chain, to improve the functioning of the market globally.”

Source: Global PSSL