File(s) under permanent embargo
The legal structure and regulation of securities lending
educational resource
posted on 2014-05-01, 00:00 authored by Ben SaundersBen Saunders, P Ali,, I Ramsay,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.
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.
History
Series
research working paper seriesPublisher
Centre for International Finance and RegulationPlace of publication
Sydney, N.S.W.Material type
reportingResource type
working paperLanguage
engPublication classification
A6.1 Research report/technical paperCopyright notice
2014, Centre for International Finance and RegulationExtent
Working Paper No 22Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC