• Capstone completed due diligence around the regulatory landscape for a company and the securities lending industry.


  • We held numerous conversations with policymakers, company officials and industry participants, and reviewed proposed rules, agency guidance and comment letters.
  • We researched key developments surrounding the company, including:
    • Single counterparty credit limits (SCCLs);
    • Leverage ratio;
    • Liquidity coverage ratio; and
    • The Volcker Rule.


  • We concluded the regulatory landscape at the time was likely to present opportunities for the company over the medium to long term, and would disadvantage larger incumbents owned by banks.
- Capstone LLC -

Washington DC

-Capstone Research Limited-