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18:00 - 19:00 20 September 2011

Current Legal Problems Lecture: What should we do about financial collateral?


Bentham House (link Map)
4–8 Endsleigh Gardens | London | WC1H 0EG | United Kingdom

Open to: Academic | Alumni | Public | Student
Admission: Free
Ticketing: Pre-booking essential

Speaker information

Professor Louise Gulliver, Harris Manchester College, University of Oxford, Louise Gullifer is Reader in Commercial Law at the University of Oxford and Fellow and Tutor of Harris Manchester College, Oxford. She writes widely in the areas of commercial law and corporate finance, and has recently published a book with Jennifer Payne Corporate Finance Law: Principles and Policy. She edited the 4th edition of Goode on Legal Problems of Credit and Security and she and her co-authors (Hugh Beale, Michael Bridge and Eva Lomnicka) are currently preparing a new edition of The Law of Personal Property Security.
Rt Hon Lady Justice Arden DBE, Chair

The use of securities and cash as collateral is widespread in all areas of finance. There have always been some differences in treatment of this sort of collateral, for example, fixed charges over shares and debt securities have never been registrable. More recently, however, the Financial Collateral Directive 2002, as enacted in the UK by the Financial Collateral Arrangements (No 2) Regulations 2003, has resulted in a nearly separate regime for the taking and enforcing of financial collateral; an incomplete regime, however, which is bolted onto the existing rules by disapplying some and modifying others. This lecture will examine why we treat financial collateral differently from other assets used as security or quasi-security, whether the reasons justify the differences and whether they throw any light on where the boundaries between the financial collateral regime and the residual rules should be drawn.


Lisa Penfold
+44 20 7679 1514 | lisa.penfold@ucl.ac.uk


Click here to register for your free place.

Law - Lady Justice