Spyros Capralos, chairman, Athens Stock Exchange S.A. and David Taylor, author and 2004 European Business Speaker of the Year, will address the International Securities Lending Conference scheduled for May 10-13, 2005, at the Athenaeum InterContinental Hotel, Athens, Greece.
Philadelphia, Pa., U.S. (February 21, 2005) –The Risk Management Association (RMA) and the International Securities Lending Association (ISLA) will cosponsor a joint U.S. and European Conference on Securities Lending from May 10-13, 2005, at the Atheneum InterContinental Hotel, Athens, Greece. The conference program includes discussion of market developments, regulatory and technology changes, European clearing and settlement issues, and emerging markets.
Spyros Capralos, chairman, Athens Stock Exchange S.A., and David Taylor, author and 2004 European Business Speaker of the Year, are keynote speakers.
The comprehensive business program, developed by industry professionals, attracts representatives from all over Europe, Africa, Asia, and the U.S. This 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.
About RMA
Founded in 1914, the Risk Management Association is a nonprofit, 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-wide 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 in North America and numerous cities overseas, including Hong Kong, Singapore, Melbourne, Sydney, and London. Members meet regularly through RMA’s strong chapter network.
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 assist in the orderly, efficient and competitive development of the international securities lending market. In this regard, ISLA works closely with regulators and in the UK 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 UK 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 UK and the other EU member states in addition to other major financial centers such as Switzerland and the United States.