CloudMargin was excited to attend the CASLA conference in Toronto last week. The conference was a great opportunity to meet with clients, partners, and friends, and to learn about the latest trends in the securities lending market.
One of the highlights of the conference was the launch of the Canadian Collateral Management Service (CCMS) by TMX and Clearstream. The CCMS is a new triparty collateral management service that will provide Canadian financial services firms with a more efficient way to manage their collateral. CloudMargin is looking forward to helping our Canadian-based clients connect to this service.
Other highlights included the lively conversations and panels at the conference itself. Below, we’ve summarized our three main takeaways from those conversations:
- The macroeconomic environment: Inflation, rising rates, and volatility continue to create uncertainty. A focus for firms should be on solutions that facilitate scalability and resilience in volatile markets.
- The labor market: Financial services firms are facing the combination of a skill shortage, high staff turnover, and the need to cut costs. A focus for firms should be prioritizing automation throughout their operations. Collateral management is an ideal place to start.
- Industry collaboration: Financial services firms are increasingly recognizing the need to collaborate in order to address the constant challenges they face. This collaboration is happening in many ways, including sharing best practices and adopting new integrated technologies. Firms can facilitate this by attending conferences like CASLA and finding platforms that integrate many solutions into one.
We were encouraged to see the strong industry collaboration that was evident at the conference. There is a clear sense of urgency among firms to address the challenges they are facing, and there is a growing recognition that technology and collaboration are essential to finding solutions.
CloudMargin has prioritized integrating with best-in-breed technologies, market infrastructure, and critical data sources so that our clients can access the entire ecosystem via one platform.
If you would like to learn more about how CloudMargin helps the buy-side and regional banks centralize and automate their collateral, reach out to us to book a demo.