International Securities Lending Association
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 | |
| Abbreviation | ISLA |
|---|---|
| Formation | 1989 |
| Type | Non-governmental industry association |
| Purpose | Support the securities lending industry |
| Location | |
Region served | Europe, the Middle East and Africa (EMEA) |
| Services | Membership advocacy, standards and consultation |
| Members | 220 firms (2026) |
Chief Executive Officer | Ina Budh Raja |
| Website | www |
The International Securities Lending Association (ISLA) is an industry association representing the common interests of securities lending and financing market participants across Europe, Middle East and Africa (MENA). Its membership of over 220 firms includes institutional investors, asset managers, custodial banks, prime brokers and service providers.
The association works with the global industry as well as regulators and policy makers, ISLA advocates the importance of securities lending to the broader financial services industry. ISLA aims to support the development of a safe and efficient framework for the industry, by playing a role in promoting market best practices and processes. ISLA also sponsors the Global Market Securities Lending Agreement (GMSLA) and the annual enforceability review in over 71 jurisdictions globally.
Securities Lending is a market where an investor temporarily lends securities to a borrower in return for a fee. At the end of the transaction the lender and the borrower return their respective securities/collateral to one another
According to the association, securities Lending can makes markets safer by reducing operational risk through settlement fails.[1] It is also required for settlement when short selling.