Collateral Manager of the Year – BNY Mellon

dominick-falco-bny-mellon
Dominick Falco, BNY Mellon

With its fractured regulatory landscape, Asia presents localised variations on liquidity requirements which make transposing established structures in the US and Europe into Asia far from straightforward. For example, the Hong Kong Securities and Futures Commission (SFC) introduced in August 2011 a requirement that synthetic exchange-traded funds (ETFs) be 100% collateralised, or 120% if using equity securities. However, the concept of having third-party collateral managers is very new in Hong K