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The art of the recovery: How the changing ESG landscape adds alpha — and risk — to securities class action and foreign withholding tax recovery

Author

Listed:
  • Kazimi, Ali H.

    (Managing Director, Hansuke Consulting, UK)

  • Lipton, Len A.

    (Managing Director, GlobeTax, USA)

  • Lubitz, Jeff

    (Managing Director, ISS Securities Class Action Services, USA)

Abstract

Securities class action recovery and foreign withholding tax reclamation drive investment performance for investors and provide a competitive advantage for financial institutions that offer robust services. Emerging environmental, social and governance trends offer enticing new opportunities for increasing returns from these services while adding complexity and risk for asset servicing professionals. This paper summarises both the emerging opportunities and wider changes in the regulatory landscape, concluding with considerations for restructuring asset servicing business models to adapt to the shifting landscape.

Suggested Citation

  • Kazimi, Ali H. & Lipton, Len A. & Lubitz, Jeff, 2023. "The art of the recovery: How the changing ESG landscape adds alpha — and risk — to securities class action and foreign withholding tax recovery," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 15(1), pages 82-91, January.
    • Handle: RePEc:aza:jsoc00:y:2023:v:15:i:1:p:82-91
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    More about this item

    Keywords

    withholding tax recovery; class actions; risk management; ESG; operational alpha;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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