Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from October 2017.
The Loan Market Association (LMA) has highlighted the need for, and importance of, transitional arrangements for the loan market following the UK leaving the EU. The LMA’s comments were in response to the House of Lords European Union Select Committee’s ‘Brexit: deal or no deal’ inquiry.
The LMA says that Brexit will have a major impact on some lending and loan market activities conducted by banks in and through the UK, unless mitigating measures are agreed. It therefore believes a transitional period following exit from the EU is necessary.
The LMA sets out two ‘significant groups of issues’ in considering the need for, and the importance of, transitional arrangements:
According to the LMA, transitional arrangements are required to avoid the damaging effects of a sudden withdrawal of passporting rights which could affect both the enforceability of existing loan agreements and the ability and willingness by UK-based lenders to enter into future agreements.
Members can access the response on the LMA website.
The European Banking Authority (EBA) has published an opinion on Brexit to ensure the consistent application of EU legislation to businesses seeking to establish or enhance their EU27 presence in order to retain access to the EU single market. In the opinion, the EBA addresses a number of relevant policy topics relating to authorisations, the
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
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.
0330 161 1234