The legal structure and regulation of securities lending

Ali, Paul, Ramsay, Ian and Saunders, Benjamin 2014, The legal structure and regulation of securities lending, Centre for International Finance and Regulation, Sydney, N.S.W..

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Title The legal structure and regulation of securities lending
Creator(s) Ali, Paul
Ramsay, Ian
Saunders, BenjaminORCID iD for Saunders, Benjamin orcid.org/0000-0003-2379-4395
Year presented 2014
Series Research working paper series
Publisher Centre for International Finance and Regulation
Place of publication Sydney, N.S.W.
Material type reporting
Resource type working paper
Description of resource Working Paper No 22
Summary This paper examines the legal structure of securities lending in Australia, and also Europe, the United Kingdom and United States. It provides an analysis of the widely used industry documents, the Australian Master Securities Lending Agreement and the Global Master Securities Lending Agreement (GMSLA). It outlines the regulation of securities lending and short selling, including restrictions on short selling and the applicable disclosure requirements. It discusses the collapse of Opes Prime and the key Federal Court decision which considered the legal effect of the AMSLA. It also outlines the regulatory responses to securities lending and short selling taken by IOSCO, in Europe, the United States and the United Kingdom during the global financial crisis.
Language eng
Field of Research 150299 Banking, Finance and Investment not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce
HERDC Research category A6.1 Research report/technical paper
Copyright notice ©2014, Centre for International Finance and Regulation
Persistent URL http://hdl.handle.net/10536/DRO/DU:30085910

Document type: Other
Collection: Law
 
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