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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 Stock Borrowing and Lending Code of Guidance and the industry standard lending agreement, the Global Master Securities Lending Agreement (GMSLA). ISLA’s priorities for 2007/08 include:
- Working with regulators to provide a safe and efficient framework for securities lending.
- Providing information to members about securities lending market developments.
- Opening up new markets for securities lending.
- Developing good industry practices.
- Reviewing the GMSLA.
- Enhancing the public profile of the securities lending industry.
ISLA has more than 90 members comprising insurance companies, pension funds, asset managers, banks and securities dealers representing more than 4,000 clients. Whilst based in London, ISLA represents members from more than twenty countries in Europe and North America.
ISLA has an elected Board of twelve industry professionals representing firms from all parts of the industry. The current Chairman is Laurence Marshall of UBS Investment Bank. ISLA appointed David Rule as its first Chief Executive in 2007.
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Membership Type
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Lender Borrower Ratio
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WARNING - ATTEMPTED FRAUD
Like many legitimate businesses ISLA has recently been targeted by persons seeking to use our name and website address in an attempted e-mail fraud scam. Please be aware that ISLA does not offer loans, incentives or promotions of any kind to the public or the corporate sector. Should you receive any unsolicited mail from a Mr Andrew Clarke, or any other individual claiming to be a representative of ISLA you are advised not to reply, and instead to report this matter to "ISLA".
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