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The future of securities financing

Benjamin, Joanna, Morton, Guy and Raffan, Michael (2013) The future of securities financing. Law and Financial Markets Review, 7 (1). pp. 4-8. ISSN 1752-1440

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Identification Number: 10.5235/LFMR7.1.4


Securities financing (ie repos and cash-driven securities loans) provide short-term credit against securities collateral, and offer a valuable alternative to short-term bank finance. These markets are an important aspect of the shadow banking system, where unregulated maturity transformation and leverage was implicated in the recent financial crisis. International regulatory reform initiatives, particularly by the Financial Stability Board, are timely, generally well-targeted and welcome. Less welcome is alarmism about the substantive law basis of securities financing. This discussion is intended to show those concerns to be unfounded.

Item Type: Article
Official URL:
Additional Information: © 2013 Hart Publishing
Divisions: Law
Subjects: K Law > K Law (General)
Date Deposited: 19 Apr 2013 12:07
Last Modified: 16 May 2024 01:38

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