Regulatory issues in lending transactions

Regulatory issues in lending transactions guidance:

Background to the BRRD This Practice Note summarises the core provisions included in the Bank Recovery and Resolution Directive 2014/59/EU (BRRD). The BRRD proposed a...

Practice Note

Blockchain has erupted into mainstream consciousness with multiple consultations and discussions by regulators underway or completed around the world. Significant...

Practice Note

This Practice Note is in the process of being comprehensively updated to reflect the UK’s exit from the EU on 31 January 2020. As of exit day, the UK is no longer an EU...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Crypto–assets—the basics In its simplest form, cryptoassets are a virtual currency which uses encryption to verify transactions denominated in that currency. Payments...

Practice Note

The status of the UK’s single market membership The EU single market is an economic area in which barriers to trade between its members have been removed. The single...

Practice Note

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

This Practice Note explains the Loan Market Association (LMA)’s approach to the calculation of interest in its facility documentation. It explains the calculation of...

Practice Note

One way for banks and other financial institutions to generate revenue is by charging interest on the loans they make. For a bank or financial institution to make money...

Practice Note

This Practice Note provides: • information on the background to the transition away from London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs)...

Practice Note

In summary, a market disruption clause sets out how interest is calculated for a loan if a lender’s cost of funding the loan is in excess of London Interbank Offered Rate...

Practice Note

STOP PRESS: On 10 January 2020, the Fifth Money Laundering Directive (EU) 2018/843 (MLD5) was transposed in the UK through changes made to the Money Laundering, Terrorist...

Practice Note

STOP PRESS: On 10 January 2020, the Fifth Money Laundering Directive (EU) 2018/843 (MLD5) was transposed in the UK through changes made to the Money Laundering, Terrorist...

Practice Note

STOP PRESS: On 10 January 2020, the Fifth Money Laundering Directive (EU) 2018/843 (MLD5) was transposed in the UK through changes made to the Money Laundering, Terrorist...

Practice Note

A distributed ledger is a database that can securely record financial, physical or electronic assets for sharing across a network through entirely transparent updates of...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

What is FATCA? The Foreign Account Tax Compliance Act (FATCA) is a piece of US tax legislation enacted by President Obama in 2010. FATCA's primary aim is to help the...

Practice Note

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

Background to the Foreign Corrupt Practices Act The US Foreign Corrupt Practices Act (FCPA) is a broad and very well-enforced piece of legislation that has been well...

Practice Note

This Practice Note: • explains what LIBOR is • provides a brief summary of the developments affecting LIBOR over the last few years and the proposed upcoming changes, and...

Practice Note

The Basel regime—overview of Basel III In December 2010, the Basel Committee on Banking Supervision (BCBS) published: • 'Basel III: A global regulatory framework for more...

Practice Note

UK regulatory focus on benchmarks From 2009, the UK, EU and international regulators began to investigate suspected widespread misconduct in the setting of the interest...

Practice Note