Article 118-bis requires loan agreements to include clauses dealing with benchmark changes. This can also impact English law loan agreements. We continue to work proactively with our members on this, including through the EURIBOR Fallbacks Task Force, to assist efficiency in the market. 

The LMA has today published its high-level position paper on the EU’s First Omnibus package on sustainability.

To read the full response, please click here.  If you’d like to find out more, please contact hannah.vanstone@lma.eu.com.

Yesterday, the LMA submitted its response to HM Treasury’s consultation on the value case for a UK Green Taxonomy.

A copy of the consultation response can be found here.

We are looking for a Sustainability Finance Director to join our team. If you believe this role aligns with your skills and expertise, we’d love to hear from you!

Download the job description via the link below, and if it’s a good fit, please share your CV with gemma.lawrence-pardew@lma.eu.com

The LMA is pleased to have published a Fund Finance Glossary. This is intended to help drive efficiency in, and understanding of, the market.

The fund finance market is increasingly in focus and is ever evolving. Different terms are often used to describe the same thing (think sublines and capital calls) and there can also be instances of parties speaking at cross-purposes (think recyclable and recallable capital). This can create inefficiencies in practice.

The Loan Market Association (LMA) is delighted to announce the release of the first in our Fund Finance Insights series, an initiative aimed at enhancing understanding and engagement with this vital asset class.

Our inaugural paper, Tracing the History and Evolution of Fund Finance in Europe, uncovers the long-standing tradition of innovation and resilience within fund finance, challenging the perception that it is a relatively recent phenomenon. 

On 17 December 2024, we published our single currency euro exposure drafts; exposure draft wording on Bloomberg EURIBOR-€STR Spread; and a guidance note on fallbacks to interbank term rates and LMA documentation. We are requesting feedback on the exposure draft documentation, particularly in respect of its use in practice, by close of business Friday 28 February 2025. 

Our quarterly publication offering thought-provoking commentary and expert perspectives on sustainable finance.

Download PDF versions of past issues you may have missed.