Monthly highlights: December 2019

Monthly highlights: December 2019

In this issue

 

Brexit
LIBOR and benchmarks
Lending
Security
Quasi-security
Trade and commodity finance
Islamic finance
Debt capital markets
Derivatives
Sustainable finance
Regulation of derivatives and structured products
Regulation for banking lawyers

 

Brexit

Brexit and other geopolitical risks most likely to affect loan market in 2020

The Loan Market Association (LMA) has published the results of its membership survey on the outlook for the syndicated loan market in 2020. Members consider that the global economy and/or geopolitical risks including Brexit are the factors most likely to influence the market in 2020. They also consider that refinancing will provide the best opportunities and that volumes in Europe, the Middle East and Africa will remain largely unchanged.

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LIBOR and benchmarks

Sterling Risk-Free Reference Rates Group announces three new taskforces

The Working Group on Sterling Risk-Free Reference Rates (RFRs) has published its monthly newsletter providing updates of key news on RFR transition across UK and international markets. The Working Group has announced the mobilisation of three new task forces in the newsletter—the tough legacy task force, the cash market legacy transition task force and the loans flow enablers task force. The Financial Conduct Authority has also published a Q&A statement to manage conduct risk during the London Inter-bank Offered Rate (LIBOR) transition. The newsletter also stated that the Financial Stability Board’s Official Sector Steering Board published a letter sent to the International

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About the author:

Zahra started working as a paralegal at Lexis Nexis in Banking and Insolvency teams in April 2019. Zahra graduated with a 2.1 honours in a BA French and Spanish, completed the GDL at BPP University and is seeking some experience before commencing the LPC. She has undertaken voluntary work for law firms in London, Argentina and Colombia.