We have co-authored an article with Norton Rose Fulbright LLP focussing on financing sustainability in shipping.
Shipping plays a critical role in facilitating efficient global trade and underpins the international economy. There are, however, a number of social and environmental issues which the industry will have to address. This article explores how the sustainability-linked loan product can be, and already is being, used in the context of shipping financing transactions to address these issues and align with the direction of regulatory changes designed to stimulate a more efficient industry.
On 26 September, we held our 15th annual conference for LMA members.
The conference was held in London at the QEII Conference Centre, but also streamed live at the same time to our members around the world who were not able to travel. An amazing 800 delegates joined us in-person, with a further 1,200+ visits on the day to our streaming platform to watch the live relay.
A big thank you to all those who joined us, particularly to our wonderful speakers who delivered some very enjoyable and informative sessions, and lastly, to our sponsors for supporting us in delivering this first-class event for our members. The conference is now available to watch on demand for a limited period until the end of October.
We have participated in a dialogue with IOSCO concerning their work on the above. IOSCO has now issued for consultation twelve good practices to guide market participants when operating in the LL and CLO markets, to encourage the development of these markets and the behaviour of market participants in ways that support IOSCO’s objectives. IOSCO is looking for input on the consultation paper by December 15, 2023.
We welcome this consultation and will be working with members to inform our response.
On 9 November, we will be holding our second Sustainable Finance Conference for LMA members in London.
Reduction of greenhouse gas emissions is often seen as the poster child of the sustainability movement. However, sustainability covers so much more. At this year’s conference, we shall widen the discussion, highlighting those initiatives for which sustainable finance is imperative yet do not receive the airtime they deserve.
The conference will be held in London, but also streamed live at the same time to our members around the world who are not able to travel.
The LMA published a co-authored article with Norton Rose Fulbright LLP, focussing on financing sustainability in shipping.
LMA response letter on EBA final report on draft ITS on NPL transaction data templates.
The LMA published a co-authored article with Norton Rose Fulbright LLP, focussing on financing a sustainable future for the aviation industry.
LMA publishes its exposure draft term SOFR documentation as recommended form as well as an updated term SOFR commentary.
LMA publishes model provisions for sustainability-linked loans.
LMA responds to Finance Denmark consultation regarding a recommendation for a fallback rate for CIBOR.
LMA publishes updated real estate finance intercreditor agreements.
LMA.Automate updates the Corporate Lending Facility Agreement to incorporate Term SOFR.
LMA letter on proposed Corporate Sustainability Due Diligence Directive (CS3D).
LMA publishes note on LMA facility documentation and the recommendations by the Euro Working Group on EURIBOR fallbacks.
LMA responds to PRA Consultation Paper CP16/22 on the implementation of the Basel 3.1 standards.
LMA responds to the call for evidence on the scope of the EU Benchmarks Regulation.
LMA publishes updated senior/mezzanine facility agreement drafting guide for real estate financing transactions.
LMA responds to the EU Commission proposed directive on harmonising certain aspects of insolvency law.
On Demand Events
E-learning course comprised of 10 modules providing an overview of the syndicated loan market.
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.