This week's essentials for Banking & Finance—23 January 2014

Article summary

Updates and analysis on banking and finance law and practice. This week’s essentials include (1) BBA to hand over administration of LIBOR to Intercontinental Exchange Benchmark Administration Ltd on 1 February 2014, (2) Loan Market Association launches revised standard terms and conditions for par and distressed trade transactions, (3) House of Commons Committee for Public Accounts has published a report on improving access to finance for small and medium-sized enterprises, (4) case on guarantor's right to exoneration, (5) ICC says Basel III Regulatory Framework update will benefit global trade, (6) OECD published new version of Arrangement on Officially Supported Export Credits, (7) the European Securities and Markets Authority has updated its Q&A guidance on the Prospectus Directive, (8) UK challenge to ban to short-selling fails and (9) useful information for Banking & Finance lawyers from the Lexis®PSL Financial Services team (with analysis from Harry Edwards, Herbert Smith Freehills) and from the Dispute Resolution and Arbitration teams (with analysis from Philip Kite,...