Norges Joins GPFA
Securities Finance Times
The Global Peer Financing Association (GPFA), a beneficial owner-run, peer-to-peer securities lending trade body, has expanded its membership again, with Norges Bank Investment Management joining as the first European beneficial owner.
Peer-to-peer lending body welcomes Canadian fund
Global Investor
The Global Peer Financing Association (GPFA) has welcomed CN Investment Division, one of the largest single-employer defined benefit pension funds in Canada.
GPFA’s global reach accelerated by pandemic
Global Investor
The Global Peer Financing Association (GPFA) has been able to extend its global reach “sooner” than it anticipated, as the Covid-19 pandemic forced market participants to work remotely and encourage the adoption of virtual meetings, according to Mike Johnson, an investment officer at Calpers, one of the founding members of the association.
Three New GPFA Members
Securities Finance Times
The Global Peer Financing Association (GPFA), a beneficial owner-run, peer-to-peer securities lending network, has welcomed three new members, including its first Australian pension fund. The California State Teachers' Retirement System, Australian Super — Australia’s largest superannuation and pension fund — and Thrivent Financial, a Fortune 500 not-for-profit organization, are the first new members since the group formed in July.
GPFA Targets Membership Growth
Securities Finance Times
The newly-formed alliance of beneficial owners seeking lend and borrow assets directly, known as the Global Peer Financing Association (GPFA), says it has “received a significant number of enquiries” from other asset owners wishing to join.
EU ben owners lack “critical mass” for P2P
Global Investor
Peer-to-peer (P2P) lending in Europe will be “less sought after” as the number of pension funds of “meaningful size” in Europe are “far fewer” than those in the US, claims Matthew Chessum, investment director at Aberdeen Standard Investments.
GPFA aims to increase peer-to-peer trading in securities lending and repo markets
Securities Finance Times
The Global Peer Financing Association (GPFA), a non-profit association, has been formed with four pension plans, all aiming to increase peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners.
Global Peer Financing Association goes live
Global Investor
The Global Peer Financing Association (GPFA) formally announced its launch today, July 23, having previously been introduced at the IMN’s Annual Beneficial Owners’ International Securities Finance & Collateral Management Conference in February.
Beneficial owners form P2P association
Global Investor
A group of beneficial owners have formed an association to create a more efficient way of engaging in peer-to-peer (P2P) securities financing transactions.