Out of Network Assets Working Group

This is a new Working Group that will commence meeting in Q4 2024. If you are interested in joining, please contact Miriam Breil at miriam.breil@issanet.org.

Purpose

The Out of Network Asset Working Group (WG) will look to update the current challenges in providing safekeeping and supervisory services for out-of-network assets and revise its previously published legal and practice framework that:

• analyzes those challenges under comparative legal regimes and market practices
• demonstrates the extent to which advancements by market infrastructure and other market participants have helped to close the safekeeping and supervising gaps for out-of-network assets
• identifies possible approaches to close the remaining safekeeping and supervisory gaps for those asset classes

Scope

TBC

Key Deliverables

TBC

Key Outcomes

• To enhance informational transparency of the legal and practice contexts for these assets
• To enable more effective management of the risks associated with these assets
• To increase operational efficiencies among market participants in servicing these assets

Publications

Final Report on Hidden Risks in the Securities Services Industry – A Sampling of Consequences to Custodians, Clearers and (I)CSDs (06/2012) > PDF 577 kB

AGC / ISSA Joint Report on Addressing Challenges in Safekeeping and Super­visory Services for Out-of-Network Assets (04/2014) > PDF 704 kB

Working Group Co-Chairs

TBC

Executive Sponsor

TBC

Institutions Represented by Experts in the Working Group

TBC