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

STOP PRESS: The EU has agreed an extension to the Article 50 Withdrawal Period until 31 January 2020. For more information, see: Brexit bulletin—Early Parliamentary...

Practice Note

The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the...

Practice Note

Crypto–assets—the basics In its simplest form, crypto-assets 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: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This could have an impact on this Practice Note if lenders face...

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

Adoption of MLD5 On 19 April 2018, the European Parliament voted to adopt the Fifth Money Laundering Directive (MLD5), which amends the Fourth Money Laundering Directive...

Practice Note

The Fourth Money Laundering Directive (MLD4) was formally adopted by the Council of the EU (the Council) in May 2015 after lengthy and interesting negotiations. Every...

Practice Note

Background to MLD4 The Fourth Anti-Money Laundering Directive (EU) 2015/849 (MLD4) was adopted by the European Parliament on 20 May 2015, becoming effective on 25 June...

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: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

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: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

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