Monthly Highlights: March 2018

Monthly Highlights: March 2018

Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from March 2018.


Bank of England and FCA updates on the regulatory approach to preparations for Brexit

The Bank of England (BoE) and the Financial Conduct Authority (FCA) have each separately provided updates on their respective approaches to preparations for EU withdrawal. Both the BoE and the FCA welcome the agreement between the UK and EU27 that there should be an implementation period until the end of 2020 as part of the UK's withdrawal agreement with the EU.

FCA launches survey for EEA inbound passported firms in advance of Brexit

The FCA has issued a survey following the government's announcement in December 2017 that, if necessary, it will legislate to provide a temporary permission scheme for European Economic Area (EEA) firms and funds passporting into the UK prior to the UK exiting the EU. The FCA is asking firms which passport into the UK (either via a branch or on a cross-border services basis) or market funds in the UK to complete the short online survey by 11 May 2018.


LMA publishes Green Loan Principles to provide consistent green loan methodology

The Loan Market Association (LMA) has, together with the Asia Pacific Loan Market Association (APLMA), has launched the Green Loan Principles (GLP) with the support of the International Capital Market Association (ICMA). The GLP aim to create a high-level framework of market standards and guidelines, providing a consistent methodology for use across the wholesale green loan market, whilst allowing the loan product to retain its flexibility, and preserving the integrity of the green loan market while it develops. The GLP build on and refer to the Green Bond Principles (GBP) of the ICMA,

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About the author:

Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.

She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.