The LMA is hiring!
We are looking for a new Legal Associate to join our team of lawyers. If you are a junior banking and finance lawyer with an interest in moving away from a transactional role, we would like to hear from you. Click here for further details.
LMA and ACT paper on syndicated loans and forward-looking term rates
This joint publication by the LMA and ACT considers the use of forward-looking term rates in the syndicated loan market. In particular, it covers the key features of syndicated loans impacted by the transition from LIBOR to overnight risk-free rates, along with the implications for both borrowers and lenders of the transition. Click the arrow to access this article.
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.
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.
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.
Recent LMA Submissions
LMA responds to EU Proposal for a Directive on credit servicers, credit purchasers and the recovery of collateral
LMA responds to EU Proposal for a Regulation on the law applicable to the third-party effects of assignments of claims
LMA responds to EMMI Consultation Paper EURIBOR Hybrid Methodology
