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 revisions to Chapter 17 of the JMLSG Guidance on the prevention of money laundering and the financing of terrorism in the UK financial services industry go live on JMLSG website

More than 12 months on from the publication of a consultation by JMLSG in 2017 on proposed revisions to Parts II and III of its guidance on the prevention of money laundering and the financing of terrorism in the UK financial services industry (the "Guidance"), Chapter 17, which relates specifically to syndicated lending and which has been re-written by the LMA, has now been approved and published by the JMLSG board.

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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.

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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).

LMA publishes revised Replacement of Screen Rate clause

The LMA has published an updated version of the optional "Replacement of Screen Rate" clause that has been included in the Primary Documents and the Leveraged documents since November 2014. The Revised Replacement of Screen Rate Clause was developed in order to facilitate further flexibility than the existing clause allows in light of uncertainty over the future of LIBOR and other benchmark rates. The Revised Replacement of Screen Rate Clause permits amendments to be made to documents with a lower consent threshold than may otherwise be required in a wider range of circumstances than the existing clause.

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Spotlight on the LMA ECA Buyer Credit Facility Agreement

This video interview with Clare Dawson, Chief Executive of the LMA, and Massimo Schirò, Legal Affairs Director at SACE, considers the new LMA recommended form of ECA Buyer Credit Facility Agreement.

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

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LMA May 2018 Monthly Update

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