On 14 March 2011, the Technical Committee of IOSCO published its final report on its survey of the client asset protection regimes in force in a number of different jurisdictions, including the UK, France, Germany and the US. The report sets out to increase regulators' and market participants' access to information about the protections that various jurisdictions offer to client assets. It follows the collapse of Lehman Brothers in 2008, which revealed gaps in the knowledge of regulators and clients of Lehman subsidiaries of foreign client asset regimes.
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IOSCO report on survey of client asset regimes
- A&L Goodbody
- Brian McDermott, Carol Widger, Mary McKenna, Michael Barr, Niamh Ryan and Nollaig Greene
- Global
- March 31 2011
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Audrey E Mross
Labor & Employment Attorney
Munck Carter LLP