Unweaving a Tangled Web

Another Reason to Map Securities Loans

The German Federal Court of Justice's decision two weeks ago to prosecute as criminals anyone who abused dividend arbitrage trades anytime over the previous 25 years is bad news for everyone in the securities lending community. The German tax authorities' new determination to conduct sweeps of securities loans that span dividend record dates should in particular sound the alarm for institutional securities lenders, especially if it presages a new trend among regulators.

Wednesday, August 11, 2021/Author: Ed Blount/Number of views (221)/Comments (0)/