Rethinking client-money protection

Segregation games


When gamblers enter a lottery, they are aware of the risks and rewards. The rules are clear, and if they lose their stake, no-one else is to blame. But what if a player didn't know they were in a lottery - should they have to lose their money regardless?

Clients and affiliates of Lehman Brothers' UK-based entity found themselves in that trap when the securities firm went bust in September 2008. Due largely to an unexplained last-minute money transfer and a failure to correctly segregate client m

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: