the authoritative voice of the EMEA market

What's New?

Brexit and LMA Documentation Update

The LMA is aware of the publication of the UK's legislation which is intended to "onshore" EU law with effect from 29 March in the event that the UK leaves the EU without an agreed transition period. As is the case with any potential change in legislation, the LMA is not planning to make any changes to its English law documentation before any proposed change in English law actually takes effect.

The LMA is in the process of considering appropriate changes to be made to the relevant legislative references in its documentation in the event that the UK's onshoring legislation becomes effective on 29 March. If the UK's onshoring legislation becomes effective on 29 March, the LMA's intention is to publish a table of those suggested changes on or about that date so as to release them to members as soon as possible. Those changes will then be incorporated into its documentation suite over the following weeks.

Loan Market Insight

Capital Markets View (March 2019)
S&P Global Ratings Report

CreditMatters EMEA (March 2019)
S&P Global Ratings Report

Infrastructure Finance Outlook (February 2019)
S&P Global Ratings Report

EMEA Syndicated Loans Insights (February 2019)
Bloomberg Report

Leveraged Finance Chart Book (February 2019)
Bloomberg Report

Leveraged Finance Chart Book (January 2019)
Bloomberg Report

LPC's Emerging Market (March 2019)
Refinitiv Report

Loan Market Data and Analytics (February 2019)
Refinitiv Report

Loan Market Data and Analytics (January 2019)
Refinitiv Report

European CLO Index 4Q18 (January 2019)
Fitch Ratings Report

European High-Yield and Leveraged Credit (December 2018)
Fitch Ratings Report

2018 Loans Highlights (January 2019)
Dealogic Insight

US Institutional Leveraged Loan (December 2018)
Dealogic Insight

High Yield Interest (November 2018)
Moody's Report

Recent LMA Submissions

LMA responds to the second public consultation on determining an ESTER-based term structure methodology as a fallback in EURIBOR-linked contracts

LMA responds to ESMA on the technical standards on disclosure requirements under Securitisation Regulation

LMA responds to PRA Consultation Papers CP25/18 and CP26/18

LMA responds to FCA Consultation Paper 18/36 - Brexit: Proposed changes to the Handbook and Binding Technical Standards - second consultation

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Update to Green Loan Principles (GLP)

The LMA, together with the APLMA and LSTA, has published an extended iteration of the Green Loan Principles (GLP), providing a more in-depth explanation as to how the GLP can be applied to revolving credit facilities whilst maintaining the integrity of the green loan product.