Latest News

The LMA has on 22 October 2024 updated its privacy notice and cookies policy

A copy of the privacy notice can be found here 

A copy of the cookies policy can be found here

LMA is reviewing the European Commission’s targeted consultation on the functioning of the EU securitisation framework

The European Commission’s targeted consultation on the functioning of the EU securitisation framework was launched on 9 October 2024.

Technology will revolutionise the loan market

The loan market is poised on the brink of a technological revolution.  At the recent LMA Loans Conference 2024 , industry leaders highlighted critical challenges being faced today - fragmented data, idiosyncratic documentation, and institutional inertia that must be addressed for transformative progress.

LMA publishes first in a series of Leveraged Focus notes to promote a greater understanding of the terms of the TLB product

On 23 September 2024, we published the first in a series of Leveraged Focus notes. These are intended to promote a greater understanding of the terms of the typical TLB product and the potential pressure points associated with TLB terms. 

The first Leveraged Focus note is available here and highlights the key differences between a TLB and LMA leveraged covenant package. This sets the scene for further upcoming notes on key documentary topics including liability management exercises, transferability, financial covenants and much more.

LMA interview with South African Reserve Bank on JIBAR transition

In an interview with the South African Reserve Bank (“SARB”), Kam Hessling, Senior Director at the LMA, sheds light on the LMA’s work to help the loan market transition from JIBAR to ZARONIA.  Click ‘watch now’ to access the video recording.

Institutional Investor Committee

The Loan Markets Association (“LMA”) has established an Institutional Investor Committee to better represent the interests of our investor members and determine future activities that align with the LMA’s strategic goals – enabling and promoting liquidity, efficiency, and transparency across the loan markets.

The Committee will consist of senior representatives from both the buy side and sell side – initially Deutsche Bank, Morgan Stanley, Invesco, Barings, M&G, and PGIM – with the first meeting to be held in October. 


Click to find out more about the Institutional Investor Committee

Recent Blog Posts

Recent Activity

Popular Resources

Recent Activity

Documentation (27 September 2024)

LMA publishes exposure draft RFR terms for use with South African Replacement of Screen Rate Clause

Documentation (23 September 2024)

LMA publishes Leveraged Focus note on the key differences between a TLB and LMA leveraged covenant package

Documentation (5 September 2024)

Synthetic US dollar LIBOR: FCA publishes 1-month to go reminder

Regulation (2 September 2024)

LMA responds to FSB's Evaluation of the Effects of the G20 Financial Regulatory Reforms on Securitisation consultation report

Documentation (30 August 2024)

South Africa: MPG Legal Industry Webinar - 10 September

Regulation (7 August 2024)

LMA responds to ESMA’s Call for Evidence on the review of the UCITS Eligible Assets Directive

Documentation (24 July 2024)

LMA publishes multi-jurisdictional African facility agreement to assist investors with cross-border lending on the continent

Documentation (22 July 2024)

LMA and APLMA publish joint call to action on remaining USD LIBOR transition

Documentation (1 July 2024)

LMA RFR Documentation Survey – Deadline extended to 9 August 2024

Documentation (10 June 2024)

LMA publishes new guidance and revised documentation to support the export finance market

Documentation (7 June 2024)

LMA publishes guidance on documentary considerations when dealing with sovereign obligors

Documentation (5 June 2024)

LMA to take part with ESMA in FTSE Russell conversation on application of guidance on Euro risk-free rates in the loan market

Popular Resources

Website overview video

Watch our video overview of the LMA website providing a virtual tour of the site to help you locate all the interesting and latest content.

LIBOR Transition Glossary

This glossary covers key terms related to the transition from LIBOR to near risk-free rates ("RFRs").

Sustainable Lending Glossary

The sustainable lending glossary will aid transparency of terms in this rapidly evolving area of the market.

Green Loan Principles (GLP)

The GLP have been developed by an experienced working party with a view to promoting the development and integrity of the green loan product.

Sustainability Linked Loan Principles (SLLP)

Sustainability linked loans aim to facilitate and support environmentally and socially sustainable economic activity and growth.

Social Loan Principles (SLP)

The SLP aim to create a high-level framework of market standards and guidelines, providing a consistent methodology for use across the social loan market.

LMA Secondary Settlement Statistics

Collation of settlement statistics from major European trading banks

Understanding the Loan Market

E-learning course comprised of 10 modules providing an overview of the syndicated loan market.

EU Bail-in Legislation Schedule

As part of the co-operation between the LMA, LSTA, APLMA and also ICMA, each of their forms of bail-in clause refer to a common EU Bail-In Legislation Schedule, which has been prepared by the LMA, in order to describe the relevant national implementation legislation and write-down and conversion powers.