On 29 May 2026, the LMA and the Private Placement Investors Association (PPIA) submitted a joint response to ESMA's Call for Evidence on restricted subscription and private credit ratings, highlighting the important role of non-public credit ratings where issuers require confidentiality over sensitive strategic, financial or structuring information.

Click Read more to access our full response.

The LMA is pleased to publish our new LMA Regulatory Insights paper examining the impact of Article 21c of CRD VI on cross‑border corporate lending into the EU.

The paper examines the impact of Article 21c on everyday loan markets activity, including:

• co‑borrowing structures;
• sponsored and syndicated transactions;
• secondary market activity (including participations, assignments and novations); and
• lifecycle events and the circumstances in which grandfathering may be lost.

Click Read More to access the paper. 

The LMA is pleased to publish the second annual Fund Finance Intelligence Survey Report, in partnership with The Drawdown. 

Based on responses from 91 lenders, borrowers, and advisers across EMEA, the report provides a snapshot of the current market landscape. Developed with industry experts, the survey aims to drive greater transparency on the size, subsets and features of this rapidly evolving, but private market.   

We hope the survey enhances market understanding and contributes to engagement with regulators and wider stakeholders.