Demand to borrow securities still lacking, says JP Morgan

Securities balances and lending activity dropped heavily after the global financial crisis, but since October supply has been rising strongly, particularly in equities, although demand has yet to revive to the same degree, according to JP Morgan. “We’ve spent the past year getting in more supply, getting in more assets we can lend out,” says Colin McKechnie, the bank's New York-based global head of financing and markets products. “We’ve done a good job on bringing in equity and corpor…