LMA News H2 2015 (published July 2015)
Articles include: View from the market: a cross section of industry practitioners answer topical questions about the state of the loan market; Ireland, Spain, Italy and Portugal - loan market commentaries: country updates and outlook for the future
LMA June Monthly Update
For the latest legal & regulatory news, regulatory submissions, briefing notes and upcoming LMA events.
LMA adds secured option to its suite of South African Facility Agreements and Zambian law option to its Sub-Saharan African Facility Agreement
The LMA is pleased to announce the launch of:
- a new secured single currency term facility agreement governed by South African law. The accompanying User Guide to the suite of South African law facility agreements has also been updated; and
- a new version of its recommended form of facility agreement for use in East Africa (Kenya, Tanzania and Uganda) and Nigeria, to incorporate Zambian law. The accompanying User Guide to the facility agreement has also been updated.
These documents were produced in response to demand from LMA members
active in the relevant jurisdictions. They are also reflective of the
significant opportunities for growth and investment present within these
LMA responds to the European Banking Authority's (EBA) Consultation Paper: Draft Guidelines on limits on exposures to shadow banking entities
The LMA has responded to the EBA's Consultation Paper, which has as its objective to examine the issues raised by the draft EBA Guidelines, which propose criteria on setting limits on European Union institutions' exposures to shadow banking entities. With respect to the proposed definition of shadow banking entities, the LMA is of the view that banks, non-banks and corporates will be negatively impacted by the unintended consequences of this regulation as currently drafted.
LMA Guidance in relation to sanctions
Given the abundance of recent sanctions legislation that lenders are currently being required to comply with, it is important that members are aware not only of what those requirements are, but also their impact on loan transactions. In order to assist its members with understanding their compliance obligations generally and the impact of EU and US sanctions on loan transactions, the LMA has produced five types of guidance notes to date.