RMA and ISLA to cosponsor a joint U.S. and European conference on securities lending April 25-28, 2006, at the Rome Cavalieri Hilton, Rome, Italy
Philadelphia, Pa., U.S. (February 15, 2006) –The Risk Management Association (RMA) and the International Securities Lending Association (ISLA) will cosponsor a joint U.S. and European conference on securities lending April 25-28, 2006, at the Rome Cavalieri Hilton, Rome, Italy. The conference program includes discussion of:
- Emerging markets.
- Outlook for hedge funds and the impact on securities lending.
- Derivatives transactions and usage in securities lending.
- Fixed-income lending.
Developed by industry professionals, the comprehensive business program attracts representatives from all over Europe, Africa, Asia, and the U.S. This truly international conference on securities lending defines the best market practices and global standards in the international securities lending arena, and it examines issues that influence lending markets worldwide.
Information, registration, and hotel reservations for the conference are available using the RMA Web site, www.rmahq.org/RMA/SecuritiesLending. This is a secure site and all information you provide is protected against outside intrusion. Hotels reservations are made in real time with an immediate confirmation.
About RMA
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 16,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org.
About ISLA
The International Securities Lending Association is a trade association established in 1989 to represent the common interests of the securities lending industry. ISLA assists in the orderly, efficient, and competitive development of the international securities lending market. In this regard, ISLA works closely with regulators and in the U.K. has representation on the Stock 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 U.K. Stock Borrowing and Lending Code of Guidance and the industry standard lending agreements, the Overseas Securities Lending Agreement (OSLA), and the Global Master Securities Lending Agreement (GMSLA).
Today, ISLA has over 50 members comprising insurance companies, pension funds, asset managers, banks, and custodians representing more than 4,000 clients. In September 2004, ISLA changed its constitution to allow borrowers to become members for the first time. The geographic spread of ISLA's client base is global in nature, comprising substantial representation from the U.K. and the other EU member states in addition to other major financial centers such as Switzerland and the United States.