the authoritative voice of the EMEA market

Whats New

Loan Market Insight

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

Cross-Sector Default Report (February 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

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

Q317 European Leveraged Loan Chart Book (December 2017)
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 (February 2018)
Bloomberg Report

EMEA Syndicated Loan Insights (February 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 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 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

Joint trade association letter to the Financial Stability Board outlining key issues for the global financial markets of a transition away from LIBOR to risk free rates

LMA responds to ECB public consultation on developing a euro unsecured overnight interest rate


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.


Spotlight on SARON as the future CHF alternative to LIBOR

This video interview, filmed in February 2018, is the ninth in a series of LMA Spotlights on key regulatory and topical issues.


LMA March 2018 Monthly Update

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

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"