ISLA joins ISSA in preparation for post-Brexit world
Latest news
ISLA joins ISSA in preparation for post-Brexit world 14 September 2020London Reporter: Natalie Turner
Image: momius / Adobestock.com
The International Securities Lending Association (ISLA) has established a reciprocal relationship with the International Securities Services Association (ISSA) to strengthen its contact base across Europe ahead of the conclusion of Brexit.
As the Brexit transition period draws to a close on 31 December, ISLA, which is based in London, says it remains focused on ensuring that it maintains strong member and business connectivity to Europe.
Jamila Jeffcoate, ISLA鈥檚 head of finance and administration and chief of staff, has outlined the association鈥檚 broad focus on membership engagement and collaboration with new and existing firms as the association considers a post-Brexit world.
Amid the continued COVID-19 chaos, this week marked the eighth round of talks in London over a post-Brexit trade deal.
This will mean potential changes to the way many financial institutions will manage businesses with a footprint in the EU, but are managed or controlled from the UK.
Regardless, ISLA places great importance on its commitment to its membership across Europe, the Middle East and Africa, says Jeffcoate.
鈥淧ost-Brexit, we want to ensure that we are not viewed simply as a UK-based trade association, but an important voice for securities lending across the entire region, one that will continue to influence the future shape of the global industry,鈥� she states.
Due to the pandemic, ISLA has turned to virtual member and industry engagement methods to ensure they are still a key market player, she adds.
ISLA will also be launching a new Brexit working group, with representation from the UK and the EU 27, thereby helping the association address the aforementioned uncertainties, formulate its policy and approach, and keep them aligned to the broader needs of its members.
Jeffocate highlights: 鈥淚SLA鈥檚 desire is to support its 160 members through these unprecedented times, and ensure they continue to be represented, irrespective of their domicile.鈥�
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
Image: momius / Adobestock.com 