NEW YORK -- Investors tend to stay quiet about financial products they don't understand as long as the profits keep coming in, but when the tide goes out and profits fall, they want answers.

After several profitable decades of operating largely in the shadows, securities lending is undergoing some major changes -- along with virtually every other financial market in the world -- that will drastically increase price transparency, and those markets and instruments that can adapt to these changes will survive and prosper, lending experts say.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.