Host: Michael Wright

 -Bail-in & Resolution Exemptions: Protecting repos/loans from bank failure clawbacks.
 -Netting Certainty: Legal changes to achieve “clean” netting enforceability.
 -Tax Clarity: Reforming CIS taxation (capital vs revenue) and easing stamp duty on lending.
 -New Regulations: Upcoming FSCA conduct standards for securities finance.
 -Global Alignment: Weighing international trends (e.g. T+1 settlement) vs local market needs.