the authoritative voice of the EMEA market

Whats New

Loan Market Insight

High Yield Interest- Market Pulse (April 2018)
Moody's Report

Cross-Sector Default Report (March 2018)
Moody's Report

B3 negative and lower ratings- EMEA (January 2018)
Moody's Report

Carillion's Collapse and the 2017 Debt Binge (January 2018)
Dealogic Insight

US Leveraged Loans Slow But on Track (January 2018)
Dealogic Insight

US Cov-Lite Loans Gaining Momentum (February 2018)
Dealogic Insight

Q417 European Leveraged Loan Chart Book (March 2018)
Fitch Ratings Report

Unitranche Versus Syndicated Leveraged Loans (February 2018)
Fitch Ratings Report

Global Loan Market Data & Analytics (February 2018)
Thomson Reuters LPC Report

2018 Annual (January 2018)
Thomson Reuters LPC Report

Secondary Market Volumes (Q4 2017)
Thomas Reuters LPC Report

Leveraged Finance Chart Book Europe (March 2018)
Bloomberg Report

EMEA Syndicated Loan Insights (March 2018)
Bloomberg Report

CreditMatters EMEA (March 2018)
S&P Global Ratings Report

Capital Markets View: High Yield and Leveraged Finance (February 2018)
S&P Global Ratings Report

Infrastructure Finance Outlook Newsletter (Q4 2017)
S&P Global Ratings Report

LMA_The_future_of_LIBOR_cover_430px.jpg

LMA and ACT Guide - The future of LIBOR: what you need to know

The LMA and the ACT have produced a joint guide on LIBOR benchmark reform. The Guide is intended to provide an overview of developments and key issues with respect to the proposed transition away from LIBOR benchmarks. We hope that this Guide provides a useful resource for members and have made it available in both pdf and powerpoint format should members wish to use the materials for presentation purposes (whether internally or to clients).

Recent LMA Submissions

LMA responds to the PRA's consultation on eligibility of guarantees as unfunded credit protection

LMA responds to EMMI Consultation Paper EURIBOR Hybrid Methodology

LMA responds to ESMA Consultation Paper on DTS on disclosure requirements, operational standards, and access conditions under the Securitisation Regulation

LMA responds to EBA Consultation Paper on Draft RTS relating to risk retention pursuant to Article 6(7) of the Securitisation Regulation

LMA responds to FCA Consultation Paper on Industry Codes of Conduct and Discussion Paper on FCA Principle 5

741_LM_Green_Loan_Principles_banners_430px.jpg

LMA launches Green Loan Principles (GLP)

The GLP have been developed by an experienced working party, consisting of representatives from leading financial institutions active in the green loan market, with a view to promoting the development and integrity of the green loan product.

Monthly_update_image.jpg

LMA April 2018 Monthly Update

For the latest documentation updates, regulatory submissions, legal and regulatory news, and upcoming LMA events.

US imposes sanctions on Russian entities and individuals following ongoing "malign" activity

This briefing from Clifford Chance considers the latest imposition of sanctions by the US Office of Foreign Assets Control (OFAC), which has added 38 Russian individuals and corporate entities to the list of Specially Designated Nationals (SDNs) as a response to ongoing Russian activity against US interests. Amongst other things, US persons are now barred from engaging in commercial activity with these SDNs or any entities owned 50% or more (directly or indirectly) by them; and are required to block any SDN's property or interests in property that come within their possession or control, unless appropriately authorised by one of two OFAC licences (Licence 12 and Licence 13).

Update to LMA Confidentiality and Front Running Letter for Primary Syndication and New User Guide

The LMA has published an updated version of its Confidentiality and Front Running Letter for Primary Syndication. The key changes that have been made are set out below:

  1. Inclusion of two new disclosure permissions
  2. Clarifications in formatting, and addition of a footnote to the definition of "Front Running"