Dr Con Keating

Are leveraged LDI strategies lawful? A rejoinder and a request

Professor Iain Clacher, Dr Con Keating and Professor Philip Bennett welcome Richard Salter KC’s article:¹ ‘Are Leveraged LDI Strategies Lawful?’ (2023) 2 JIBFL 71, and the invitation to respond. In this article they set out two distinct concerns with leveraged LDI strategies, namely the use of repo and derivatives – and would greatly appreciate the views of legal scholars on these issues.