Stock loan industry needs standardisation, says ISLA panellist
21 June 2018 Lisbon
Image: Shutterstock
The stock loan industry needs standardisation in order to move forward, according to Matthew Harrison, CEO of Trading Apps.
Speaking at the International 麻豆传媒 Lending Association鈥檚 (ISLA) 27th Annual 麻豆传媒 Finance and Collateral Management Conference in Lisbon, Harrison explained that new regulations, such as the 麻豆传媒 Financing Transactions Regulation, could be a driver for this standardisation.
Harrison speculated on how blockchain and distributed ledger technology could change the way the industry operates, but said that the industry must create a standard first, before any of these new systems can work.
Harrison said: 鈥淎s an industry, we鈥檝e always been disparate and we should have agreed long ago on how we operate.鈥�
鈥淏ut, as an industry, we鈥檙e not very collaborative, so I expect this to be a while away.鈥�
He added that without standardisation, it is unlikely that the industry will be able to move into new areas and take advantage of new technology, such as artificial intelligence.
Speaking at the International 麻豆传媒 Lending Association鈥檚 (ISLA) 27th Annual 麻豆传媒 Finance and Collateral Management Conference in Lisbon, Harrison explained that new regulations, such as the 麻豆传媒 Financing Transactions Regulation, could be a driver for this standardisation.
Harrison speculated on how blockchain and distributed ledger technology could change the way the industry operates, but said that the industry must create a standard first, before any of these new systems can work.
Harrison said: 鈥淎s an industry, we鈥檝e always been disparate and we should have agreed long ago on how we operate.鈥�
鈥淏ut, as an industry, we鈥檙e not very collaborative, so I expect this to be a while away.鈥�
He added that without standardisation, it is unlikely that the industry will be able to move into new areas and take advantage of new technology, such as artificial intelligence.
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