Time: 10.00am - 6.30pm
Venue: NAB 1.04
Organiser: Eva Micheler (LSE, Department of Law)
Photographs from the day can be viewed here.
In partnership with LSE's Department of Law, the SRC is involved with this one day conference which has the aim of determining if the law is able to ensure that securities continue to be negotiable. Participants will consider whether it is possible to conclude that holding and lending chains have become so complex and inter-connected that investors are systemically compromised in their ability to exercise rights against issuers? And will also ask is it possible to develop a solution that would overcome this problem? And to what extent can regulation make a contribution?
The full conference programme is available as a pdf here.
This event is generously supported by the Economic and Social Research Council (ESRC) [grant number ES/K002309/1].
Full Report
On 24 March 2014, Dr. Eva Micheler organised a conference entitled 'Intermediated Securities and Investor Rights'. The event was funded by the Law and Financial Markets Project and the Systemic Risk Centre. The aim of the conference was to determine whether the law is able to ensure that securities continue to be negotiable. The main question was whether it is possible to conclude that holding and lending chains have become too complex and inter-connected that investors are systemically compromised in their ability to exercise rights against the issuers.
The event was oversubscribed and attended by regulators, practitioners as well as academics. The contributions made by participants showed that the event raised questions of fundamental importance to the current debate on stewardship, investor rights, corporate governance and also on systemic risk in financial markets. It added a new perspective on both the discussion on intermediated securities and the discussion on stewardship and corporate governance.
Below you can view a conference report and selected slides:
Conference report
David Herzell
Eva Micheler
Klaus Loeber
Pablo Iglesias-Rodriguez
Pierre Beck
John Kay
Sarah Paterson
