In securities lending transactions, lending agents typically provide an indemnity guaranteeing lenders the return of their securities. But today, many agents have suggested that they are no longer willing to do so without additional compensation. In the June 2016 issue of The Review of the Banking & Financial Services, DC partner Geoffrey Davis examines the risks this presents for lenders, as well as the corporate and fiduciary implications in giving up the indemnity.
To read the full article, click the download button above.
Reprint provided by RSCR Publications LLC.