GFF Podcast
The Global Funding and Financing (GFF) podcast is Clearstream’s podcast series for the funding and financing industry, releasing monthly episodes with senior leaders in the space of secured finance covering all major topics shaping the world of collateral, securities lending, repo and OTC derivates leading up to the 2022 edition of the GFF Summit in Luxembourg. Stay connected with the GFF community across the globe and subscribe to our show. Each of the 30 minutes of lively episodes are hosted by Andrew Keith Walker, Finance and Tech Journalist and Christian Rossler, Senior VP, Securities Lending and Borrowing Products at Clearstream. Legal Information here - https://www.clearstream.com/clearstream-en/imprint-1277756
GFF Podcast
Preview: Simcorp November US Election Special
This is a reminder that our November episode will arrive the week after the US Election. We'll be joined by Oliver D'assier the Lead Principal, Investment Decision Research at Simcorp, and James Cherry the head of Business Development for Clearstream's Collateral, Liquidity and Lending Solutions team. Together, we'll predict the impact of the US Election, Labour's first UK Budget and European changes, all of which will affect securities lending, repo and economic policy within the EU and beyond. We'll see you after the US election...
Hello and welcome back to the GFF podcast, except this isn't a regular episode of the GFF podcast. No, this is just a reminder that our November show is going to be coming out later than normal because, of course, we've got the first labor budget here in the UK that came out of you listening to this on Friday, the first November that came out, if you're listening to this on Friday, the 1st of November, that came out yesterday. And, of course, the US election will be decided next week as a result. These are big economic events that are going to make a big impact in the world of securities lending and global funding and financing. So we are going to wait until after those and then be joined by a very special guest, oliver Dacier, who is the lead principal for investment decision-making at Simcorp.
Speaker 1:He's going to be joining us along with James Cherry, who is our head of business development at Collateral Liquidity and Lending Solution, and, of course, my co-host, christian Rossler, and we are going to be talking all about the potential economic impact and how these major global changes could affect the EU and global markets moving forwards. So, christian, just to give us a bit of a flavor about what's coming up, we've heard talk of rising yields already on gilts and the cost of borrowing could rise. In the UK, we know that borrowing is going to be rising right the way across the EU and the US debt as well. This means you know markets are already pricing in their expectations, their predictions. Tell us a bit more about it.
Speaker 2:Yes, andrew, I mean, you're hitting the nail right on the head. I think we're looking into the crystal ball here, and not only, you know, for the month of November, but for the year ahead, so for 2025. And this is why we going to have a special guest on the show from SimCorp who's going to give the predictions for 2025. Now, the fact is that there's the US elections, of course, but also, I think, we're looking at still the geopolitical tensions around Europe, but also in the Middle East, and so, when it comes to the strategy for policymakers worldwide, I think there's a triple pivot.
Speaker 2:First of all, monetary policy easing has been going on for the last year to support economic activity. Second, debt stabilization is necessary to prevent financial crisis, and you know that there's a high level of global debt following the pandemic spending. Finally, we need to look at structural reforms, which are necessary. So structural reforms like digitization, climate adaptation, to ensure that the economies remain actually competitive and resilient resilient and the economies actually need to transit from unreliable, volatile sources of energy to reliable, sustainable sources of energy. And there's also the link to what we're currently living in Europe and also around the world. Everything is coming together in this month of November.
Speaker 1:Yes, that's right, christian. It is all happening in November, so we're having a super November episode that's going to be coming out in just a week or so, if you're listening to this at the usual time. So do make sure you keep an eye open for that and come back and join us that's me and Christian, and Oliver Dacier and James Cherry to have a look at major events that are taking place around the world and how that is going to be affecting investment decisions and investment strategies moving forward into 2025. And in the meantime, from me and from Christian, we'll see you in a week or so.
Speaker 2:Bye-bye, yes, see you after the US elections.