Leading the Way.

Global Asset Servicing News and Commentary.

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Website
www.isla.co.uk Go →

Head office
St Michael's House
1 George Yard
London
EC3V 9DH

Contact
Kevin McNulty
0044(0)207 743 9314
kevin.mcnulty@isla.co.uk

ISLA

The International Securities Lending Association (ISLA) is a trade association established in 1989 to represent the common interests of participants in the securities lending industry. ISLA works closely with European regulators and in the United Kingdom has representation on the Securities Lending and Repo Committee, a committee of market practitioners chaired by the Bank of England. The Association has contributed to a number of major market initiatives, including the development of the UK Securities Borrowing and Lending Code of Guidance and the industry-standard lending agreement, the Global Master Securities Lending Agreement (GMSLA). ISLA's aims for 2009/10 are:

Working with regulators to provide a safe and efficient framework for securities lending.
Opening up new markets for securities lending.
Providing information to members about securities lending market developments.

Developing good industry practices.
Enhancing the public profile of the securities lending industry.
Fostering good communication and cooperation with other trade associations.
Completing ISLA's review of the GMSLA and promoting use of the Agreement.
Implementing ISLA's model for Agent Lender Disclosure in Europe to meet the needs of securities borrowers under Basel II.

ISLA has more than 100 full and associate members comprising insurance companies, pension funds, asset managers, banks, securities dealers and service providers representing more than 4,000 clients. While based in London, ISLA represents members from more than twenty countries in Europe, the Middle East, Africa and North America.

ISLA has an elected Board of twelve industry professionals representing firms from all parts of the industry. The current Chairman is James Templeman of Barclays Global Investors. ISLA appointed Kevin McNulty as its Chief Executive in 2009.

ISLA News

CISI name Ogier-Keltie as Guernsey branch president

In his new role, Ogier-Keltie will focus on supporting financial education and literacy on the island, particularly focusing on students

State Street offers Shariah-compliant custody and fund administration services

The offering follows the attainment of a Shariah-compliant certificate from Amanie Advisors

Ocorian’s Warwick relocates to Jersey

Gerry Warwick, Ocorian’s global head of Fund Administration, will lead the Jersey fund services business and will focus on client service and revenue growth

Elwood sells OTC business to Zodia Markets

Following completion of the transaction, the entity will be known as Zodia Markets Jersey, and will remain based on the channel island

ISLA Features

Levelling the playing field?

Proposed legislation in the House of Lords is seeking to remove UK-listed investment companies from under the remit of AIFMD regulation, a proposal that would affect one-third of FTSE 250 companies and change the complexion of the British investment market

Second time around

Brian Bollen asks when we will see AIFMD II and the industry’s opinion on the latest European Commission legislative proposals surrounding the directive, first introduced in 2014

Change is coming

The newly proposed digital asset legislation in Germany is set to strengthen the country as a business location and increase transparency, market integrity and investor protection

Island of funds

Rebecca Xuereb of BOV Fund Services explains why Malta should be considered as the EU alternative fund domicile of choice

ISLA Interviews

NRW Consulting

Noah Wortman

Looking at the trends in corporate governance, ESG regulations, and jurisdictional legislative variations, Noah Wortman, founder and CEO of NRW Consulting, talks to Justin Lawson about group claim lawsuits

Cayman Islands Fund Administrators Association

Darren Stainrod

AST talks to Darren Stainrod of the Cayman Islands Fund Administrators Association about directorships and how AIFMD will affect the islands

Mercator Fund Services

Mark Douglas

Mercator Fund Services’ MD speaks to AST about how the island has developed during the downturn and the changing role administrators are playing