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A solution for managing high-quality liquid assets: How distributed ledger technology can benefit the securities lending market

Author

Listed:
  • Hartung, Gerd

    (Senior Vice President, Deutsche Börse AG,, Germany)

  • Rutter, Kevin

    (Research Lead, R3, USA)

  • Stroemer, Guido

    (CEO, HQLAx, Luxembourg)

Abstract

For the financial industry, the need to manage high-quality liquid assets (HQLA) efficiently and the related topic of collateral mobility are more relevant than ever. In the aftermath of the global financial crisis, they have posed a significant challenge for the industry. Progress on this issue is strongly linked to the evolution of new technologies. This paper assesses the current situation and how distributed ledger technology (DLT) can help to address this subject and improve the securities lending market. It examines which aspects need to be taken into consideration when designing a DLT solution, how it can be implemented and what are the next steps on our way to solving one of the most pressing issues for the future of financial services.

Suggested Citation

  • Hartung, Gerd & Rutter, Kevin & Stroemer, Guido, 2019. "A solution for managing high-quality liquid assets: How distributed ledger technology can benefit the securities lending market," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 11(4), pages 282-291, September.
    • Handle: RePEc:aza:jsoc00:y:2019:v:11:i:4:p:282-291
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    More about this item

    Keywords

    Blockchain; DLT; collateral mobility; HQLA; tokenisation;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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