![Roundtable: the future of securities lending](http://media.efinancialnews.com/share/media/images/2010/05/4063150852_c960,720,50,50,100.jpg)
The securities lending industry is counting the cost of what went wrong over the past three years, including counterparty defaults such as that of Lehman Brothers, a decline in demand for borrowed securities and inadequate collateral requirements. Beneficial owners in particular are starting to engage more with the agents that run their securities lending programmes in an attempt to better understand the risks and benefits.