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ISLA forms three new “broader” steering groups


16 October 2020 London
Reporter: Natalie Turner

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Image: metamorworks / Adobestock.com
The International ɫLending Association (ISLA) has formed three new steering groups to address the regulatory, digital and associated market practice changes the industry is experiencing through the pandemic and beyond.

ISLA runs a variety of working groups for its members, covering all aspects of advocacy, tax, legal, regulation and best practice in order to allow members to discuss challenges, debate issues, conceive ideas and seek solutions.

The three additional groups will have a broader scope than the topic-specific groups and subgroups currently in operation, allowing them to work on or set-up focus groups by topic, says ISLA.

The Regulatory Steering Group has been formed to discuss all regulatory matters pertaining to Europe, the Middle East and Africa.

The group has an overview of the work done by subgroups covering the Central ɫDepositories Regulation, the second Shareholders Rights Directive, the ɫFinancing Transactions Regulation, and environmental, social and governance (ESG) and taxation-related developments.

This group is relevant for members that work in compliance or advocacy departments, and for the first meeting will include all members of the existing related groups or subgroups.

Elsewhere, the Market Practice Steering Group will have a scope of all loan-related market practices, including oversight of the work of best practice, corporate actions, performance measurement, along with ESG and new markets working groups.

This group is especially relevant for operations and front office staff, and for the first meeting will include all members of the existing related groups or subgroups.

The final group formed is the Collateral Management Steering Group. This will consider legal, regulatory, best practice and structural architecture of collateral practices.

ISLA members should join this group if they manage collateral, especially triparty agents, vendors and collateral managers.

The association is urging members to apply and join the relevant groups to ensure all firms are properly represented.

More information can be found on .
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