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
Full text not available from this repository.Abstract
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: | http://www.hartjournals.co.uk/lfmr/ |
| Additional Information: | © 2013 Hart Publishing |
| Divisions: | Law |
| Subjects: | K Law > K Law (General) |
| Date Deposited: | 19 Apr 2013 12:07 |
| Last Modified: | 12 Dec 2024 00:22 |
| URI: | http://eprints.lse.ac.uk/id/eprint/49760 |
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