Oct. 31, 2022
October 31, 2022 Securities lending is incredibly unreported. I see an incredibly strong need to see more frequent, transparent reporting surrounding this data. If shares are borrowed to cover a failure to deliver, it should be very clear in reporting. If shares are borrowed to be part of an equity swap trade, it should be evident in reporting. Swaps, borrows, and failures to deliver need much more transparency. Failures to deliver continue to occur more frequently, I find this incredibly concerning.