Financial Collateral Directive: Difference between revisions
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The {{tag|Financial Collateral Directive}} ({{eudirective|2002|47|EC}}) is a well-intended piece of {{tag|EU Regulation}} that, by common consent, didn't quite achieve what it set out to, which was to introduce | The {{tag|Financial Collateral Directive}} ({{eudirective|2002|47|EC}}) is a well-intended piece of {{tag|EU Regulation}} that, by common consent, didn't quite achieve what it set out to, which was to introduce | ||
:“''a Community framework to reduce credit exposure in financial {{tag|collateral}} arrangements. These common rules contribute to the effectiveness and integration of European financial markets, reducing credit losses and thereby stimulating cross-border transactions and competitiveness.''” | :“''a Community framework to reduce credit exposure in financial {{tag|collateral}} arrangements. These common rules contribute to the effectiveness and integration of European financial markets, reducing credit losses and thereby stimulating cross-border transactions and competitiveness.''” | ||
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*'''UK''': It was adopted by the UK under the [[Financial Collateral Arrangement (No.2) Regulations 2003]], fondly known to all as the [[Financial Collateral Regulations]]. | *'''UK''': It was adopted by the UK under the [[Financial Collateral Arrangement (No.2) Regulations 2003]], fondly known to all as the [[Financial Collateral Regulations]]. | ||
{{sa}} | {{sa}} | ||
*[[Registration of charges]] | |||
*{{casenote1|Re Lehman Brothers International}} - a long disquisition about the [[Financial Collateral Regulations]]. | *{{casenote1|Re Lehman Brothers International}} - a long disquisition about the [[Financial Collateral Regulations]]. | ||