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The international financial markets as a source of global law: the privatisation of rule-making?
The globalisation of the financial markets challenges the limits of national and regional law and regulation, and increases the role of market-based rules. The emphasis on principles by public-sectorExpand
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Intermediary Risk in the Indirect Holding System for Securities
I. THE PROBLEM In a wide range of international commercial and financial transactions, intermediaries hold assets in which they, as well as investors, share rights that entitle them to some directExpand
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The future of securities financing
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 marketsExpand
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The law and regulation of custody securities: cutting the Gordian knot
In the EU, proposals for the Securities Law Legislation (SLL) has stalled, at least for the present. Internationally, the UNIDROIT Geneva Convention 20091 (Geneva Convention) is not yet in force. InExpand
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Financial collateral arrangements: lessons from Cukurova
Examines the wider significance of the British Virgin Islands High Court ruling in Alfa Telecom Turkey Ltd v Cukurova Finance International Ltd, on whether a lender had appropriated charged shares onExpand
Providers and distributors: responsibilities regarding retail structured products
Purpose – The purpose of this paper is to provide an overview of recent guidance from the FSA and industry, and recent case law regarding product providers and distributorsDesign/methodology/approachExpand
Lessons from Cukurova
Key points - The recent decision of the High Court of the British Virgin Islands in Alfa v Cukurova has caused a stir among lawyers serving the international financial markets based in London. - TheExpand
The sources of legal risk [special supplement]