Securities lending

Stock lending


Bonds and climate change: the state of the market 2018

The Climate Bonds Initiative has been researching investment opportunities in bonds financing climate-aligned assets since 2012. The climate and investment backdrop has changed dramatically over the past 6 years. The labelled green bond markethas taken off and with it, the focus of this research has...
Working paper

Does mandatory risk information disclosure affect bank debt design? Cross-country evidence from yankee bond covenants

This paper investigates the impact of mandatory risk disclosure on the design of foreign bank debt. The Basel II and III Accords require the public disclosure of bank regulatory information under the Pillar 3 or market discipline framework. The new information details bank risk exposures...
Working paper

The Legal Structure and Regulation of Securities Lending

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...