Public Policy & Regulation

Regulation is constantly evolving. We aim to anticipate and address potential impacts on the loan markets, both broadly and within specific areas. By engaging in consultation responses, developing position papers, and maintaining dialogue with regulators and stakeholders, we contribute to shaping regulatory developments and supporting compliance and best practice across the loan markets.

Regulatory Scanner and Insights Newsletter

LMA Regulatory Insights Newsletter

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Latest News

Regulatory insight paper: Supporting a competitive EU banking sector

On 27 October 2026, the LMA published a new member insight paper on supporting a competitive EU banking sector.

Drawing on LMA member experience, the paper focuses on two areas of particular importance to the loan markets:

  • the permanent Pillar 1 prudential backstop for non-performing exposures
  • the ECB’s Guidance on leveraged transactions 

It builds on recommendations the LMA has already shared directly with EU policymakers as part of our wider engagement on the forthcoming package on the competitiveness of the EU banking sector.

LMA shares insights on Article 21c at London CRD VI conference

On 23 September 2026, Jesse Beardsworth from the LMA delivered the opening keynote at Helaba's CRD VI Conference in London and participated in a panel discussion on Article 21c and cross-border lending.

Drawing on the LMA's ongoing work with members across primary and secondary loan markets, the session explored how the implementation of Article 21c is reshaping cross-border corporate lending into the EU and highlighted the practical challenges firms are facing as the January 2027 application date approaches.

Click Read more to access a copy of the presentation slides.

LMA responds to HMRC's consultation on simplifying treaty relief from withholding tax on cross-border interest payments

On 7 September 2026, the LMA responded to HMRC's consultation on simplifying treaty relief from withholding tax on cross-border interest payments.

In its response, the LMA noted the submissions made by the Association of Corporate Treasurers and UK Finance and focused its comments on matters of particular relevance to the syndicated lending market and market-standard loan documentation. The LMA also highlighted the importance of sufficient implementation time and appropriate transitional arrangements to allow any changes to be reflected in market practice and standard industry documentation.

Key takeaways from LMA roundtable on Ireland's implementation of Article 21c

On 15 July 2026, the LMA hosted a roundtable with Arthur Cox on Ireland's implementation of Article 21c of CRD VI.

The session covered an overview of Ireland's newly published transposition measures and practical implications for cross-border lending into Ireland.

Click Read more to access our key takeaways.

LMA and PPIA publish joint response to ESMA Call for Evidence on restricted subscription and private credit ratings

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.

Featured Resources

Call to Action

Jurisdiction
Consulting body
Consultation
Deadline
Global
BIS / IOSCO
01 December 2026

The LMA is considering its response to these consultations and would like to hear from you with your views. Please contact Jesse Beardsworth or Evelien Alblas if you would like to be involved.