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Matt Brunette

Matt Brunette

Global Head of Financing at Norges Bank Investment Management; securities finance expert and ISLA Board Member

Jun 29, 2026

2:09
Got it.
2:10
I was also thinking we maybe need for the region here to go more of Asian sports analogies.
2:16
But then I also thought that the Dodgers wouldn't have done it without Shohei Otani.
2:21
Very heavy Asian presence.
2:23
Besides that, I think it's more continuations of themes that had... had already started well before even Macau.
2:32
And one of those is firms like ours or large lender institutions wanting to develop their products more, wanting to do a few more things themselves, expanding their toolkit into other products, from stock loan into TRS, bringing repo, all these things as different routes to market.
2:56
And I see that as a result of if we had visuals on, this is a podcast, so we can't see graphs, but if you look at your portfolio return or your yield from securities lending, that's crept downwards kind of to the bottom right-hand side if you're just passively lending your securities as you've always done.
4:06
Basically, less profit, more risk.

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