The European Commission’s targeted consultation on the functioning of the EU securitisation framework was launched on 9 October 2024.

The loan market is poised on the brink of a technological revolution.  At the recent LMA Loans Conference 2024 , industry leaders highlighted critical challenges being faced today - fragmented data, idiosyncratic documentation, and institutional inertia that must be addressed for transformative progress.

On 23 September 2024, we published the first in a series of Leveraged Focus notes. These are intended to promote a greater understanding of the terms of the typical TLB product and the potential pressure points associated with TLB terms. 

The first Leveraged Focus note is available here and highlights the key differences between a TLB and LMA leveraged covenant package. This sets the scene for further upcoming notes on key documentary topics including liability management exercises, transferability, financial covenants and much more.

In an interview with the South African Reserve Bank (“SARB”), Kam Hessling, Senior Director at the LMA, sheds light on the LMA’s work to help the loan market transition from JIBAR to ZARONIA.  Click ‘watch now’ to access the video recording.

The Loan Markets Association (“LMA”) has established an Institutional Investor Committee to better represent the interests of our investor members and determine future activities that align with the LMA’s strategic goals – enabling and promoting liquidity, efficiency, and transparency across the loan markets.

The Committee will consist of senior representatives from both the buy side and sell side – initially Deutsche Bank, Morgan Stanley, Invesco, Barings, M&G, and PGIM – with the first meeting to be held in October. 

Click to find out more about the Institutional Investor Committee

The strategic objectives of the LMA are to promote and enable liquidity, efficiency, and transparency in the EMEA loan markets. You will have seen communications about our focus on loan markets’ primary and secondary operations with market guidelines published on Primary Delayed Settlement Compensation and the commitment to reduce secondary settlement times by 25% over the course of 2024 supported by our new periodical Challenging the Timeline.

Click to find out more about the LMA Agency Meetings