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Glossary
ISLA

The International Íø±¬³Ô¹Ï Lending Association (ISLA) is a leading non-profit industry association, representing the common interests of securities lending and financing market participants across Europe, Middle East and Africa.
ISLA News
Generic business image for news article Regulation
SEC issues interpretive relief on Rule 15c3-3

In the new exemptive order, the SEC allows broker-dealers to pledge baskets of liquid equity securities as collateral when borrowing equity securities from customers under a ‘fully-paid borrow’
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SASLA: ISLA advocates for South Africa

Opening the South Africa Íø±¬³Ô¹Ï Lending and Collateral Management conference, ISLA CEO Ina Budh-Raja reviewed the global market and developments within South Africa
Generic business image for news article People moves
ISLA promotes Mahmood

Following more than six years at the International Íø±¬³Ô¹Ï Lending Association, Farrah Mahmood will now head Advocacy, Public Policy & Regulatory Strategy
Generic business image for news article Industry
ISLA publishes updated UK Tax Addendum

The 2026 version updates the 2014 UK Tax Addendum for the Global Master Íø±¬³Ô¹Ï Lending Agreement
Generic business image for news article Industry
S&P Global joins ISLA Americas

By becoming a member of ISLA Americas, S&P Global Market Intelligence joins a cohort of other global firms such as Morgan Stanley, EquiLend, and Barclays
Generic business image for news article Industry
Euroclear’s CREST to support same-day settlement for SLRs

The move, which comes into effect on 15 June 2026, reflects current market developments and supports the UK’s transition to a T+1 settlement cycle in 2027
Generic business image for news article Industry
RBC Investor Services joins ISLA Americas

The Canadian-based investor service delivers asset servicing and data to more than 1,200 Canadian asset managers and pension plans
Generic business image for news article People moves
ISLA Americas welcomes Wagner

Jane Wagner joins the association following more than 11 years at Vanguard, where she served as global head of the Vanguard securities lending programme