BNY Mellon, State Street reshape liquidity buffers

HQLA falls as share of custody banks’ investment portfolios

Custody banks BNY Mellon and State Street both want to tilt their investment portfolios away from the most liquid assets towards higher-yielding instruments.

Each firm piled into high-quality liquid assets (HQLA) over the first half of the year, in part as a way to park cash thrust upon them by clients in the midst of the coronavirus panic. Over Q3, they began allocating more to non-HQLA in a bid to enhance portfolio yield.

As of end-September, State Street’s securities portfolio was 15% non

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here