Loan Market Association (LMA)

𝗤𝟭 𝟮𝟬𝟮𝟱 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗮 𝗯𝘂𝘀𝘆 𝘀𝘁𝗮𝗿𝘁 𝘁𝗼 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗟𝗠𝗔’𝘀 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝘁𝗲𝗮𝗺...     Recognising the increasing importance of regulatory engagement, the LMA has established a renewed focus point to reflect this and to build on member asks. The engagement is broad, covering not only traditional loan markets but specific product focus such as CRI/SRT, and fund finance. Additionally, our discussions cover NBFIs, leverage and valuations, and even tokenisation, large learning models, and single point of failure. This has required resourcing commitment and the establishment of a regulatory committee including some of our key member stakeholders. To be successful as an Association we recognise the need to have increased engagement and feedback from you. 𝗪𝗵𝗮𝘁 𝗵𝗮𝘃𝗲 𝘄𝗲 𝗯𝗲𝗲𝗻 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗼𝗻? In February, we responded to two key consultations (UK Green Taxonomy and Leverage in NBFIs). We also established a 𝗻𝗲𝘄 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸 𝗴𝗿𝗼𝘂𝗽 (which has already discussed the EU sustainability omnibus package). In March, we responded to consultations on ESMA's draft RTS for open-ended loan-originating AIFs and the EC Savings and Investments Union proposals; we also held a briefing call on the latter. We also produced our 𝗳𝗶𝗿𝘀𝘁 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 on how greenwashing risk is impacting the loan market. A 𝗛𝗨𝗚𝗘 thank you to all our members who have contributed to these consultations and insightful discussions; part of our efforts to enhance the liquidity, transparency, efficiency and sustainability of loan markets. You can find all our consultation responses on our website under "Recent Submissions": https://lnkd.in/ehadNTWv 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗵𝗲𝗮𝗱?   We are responding to the European Commission consultation on Taxonomy Delegated Acts (due 26 March), ESMA’s consultation on private securitisations (due 31 March 2025) and IOSCO's consultation report on AI (due 11 April 2025). We're also monitoring implementation of other regulations regarding their impact on the loan markets (inc. the NPL Directive and Article 21c CRDVI), and speaking to members about Article 118-bis of the Italian Consolidated Law on Banking. And of course, our work on interest rate benchmark fallbacks continues apace. Finally, in April we're hosting a roundtable on the EU’s sustainability omnibus package. 𝗛𝗼𝘄 𝗰𝗮𝗻 𝗺𝗲𝗺𝗯𝗲𝗿𝘀 𝗴𝗲𝘁 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝗱? Join our new 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗙𝗲𝗲𝗱𝗯𝗮𝗰𝗸 𝗚𝗿𝗼𝘂𝗽 (email amelia.slocombe@lma.eu.com and hannah.vanstone@lma.eu.com). Join our 𝘀𝗲𝗰𝘁𝗼𝗿-𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗴𝗿𝗼𝘂𝗽𝘀 on Sustainable Finance (email hannah.vanstone@lma.eu.com) or Fund Finance (email kam.hessling@lma.eu.com). If you want to know more about Article 21c CRD VI or the NPL Directive, email amelia.slocombe@lma.eu.com.

𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗻𝗼𝘄 𝗼𝗽𝗲𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗦𝗰𝗵𝘂𝗹𝗱𝘀𝗰𝗵𝗲𝗶𝗻 𝗮𝗻𝗱 𝗟𝗼𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝗲𝗺𝗶𝗻𝗮𝗿𝘀!  Based on your valuable feedback, this year we are organising two separate events, giving you the opportunity to dive deeper into each topic with tailored content and expert insights. 📅 𝟳 𝗠𝗮𝘆 – 𝗦𝗰𝗵𝘂𝗹𝗱𝘀𝗰𝗵𝗲𝗶𝗻 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 🔹 Gain insights into the latest trends in domestic and international Schuldschein markets 🔹 Join key discussions on the evolving Schuldschein Debt (SSD) landscape Register here https://lnkd.in/ejQmPRCG 📅 𝟴 𝗠𝗮𝘆 – 𝗟𝗼𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 🔹 Explore developments and hot topics in the local loan markets 🔹 Hear expert perspectives on corporate and leveraged lending Register here https://lnkd.in/eAZEt9_b Both events will feature engaging presentations, thought-provoking discussions, and valuable opportunities to network with industry leaders and peers. Don’t miss out—register now and join us for two days of insightful learning and networking! ⚠️Kindly note that registering for one event does not grant access to the other. All members who wish to attend both events must register separately for each. #LMA #Loans #Schuldschein #Finance #Networking #Banking #Frankfurt

𝗟𝗠𝗔 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗶𝘁𝘀 𝗙𝘂𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗠𝗶𝗰𝗿𝗼𝘀𝗶𝘁𝗲 With the increasing importance of the fund finance market and increasing asks of our members in this space, we have been spotlighting this area –publishing insightful papers, establishing our Fund Finance Committee and Working Parties, and developing key documentation. To make accessing these valuable resources easier, we have created the LMA Fund Finance Microsite – your one-stop destination for our activities in the fund finance space.    The microsite includes:  ✔️ Latest Insights Reports – Stay informed with in-depth market analysis. ✔️ Documentation and Guidance – Access key resources with ease and seamlessly. ✔️ Regulation – Access LMA responses and input into areas of regulation impacting the market.  ✔️ Fund Finance Working Parties – Understand the construct of the LMA Fund Finance Working Parties and the institutions involved ✔️ Surveys – Understand LMA activity in respect of data to gain insights from market feedback and trends.  ✔️ Make your voice heard– We’ve introduced an easy way to get in touch and make suggestions should you wish to see further LMA work on this topic.   Explore now https://lnkd.in/efYexsCK  #LMAFundFinance #LMA #FundFinance

𝗧𝗵𝗲 𝟱𝘁𝗵 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗛𝗼𝗿𝗶𝘇𝗼𝗻𝘀 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝘀𝗼𝗼𝗻! A year ago, we recognised the need for a sustainable finance newsletter that provides comprehensive insights on market trends and developments. This led to the launch of our first-ever quarterly sustainable finance newsletter, Horizons. With strong interest and engagement from the industry, we are now preparing to publish the fifth edition—the first of 2025—next week. The sustainable finance market is evolving rapidly, and as a result, initiatives and frameworks must adapt just as quickly. It has never been more important to assess what revisions, additions, or simplifications are needed to guide the market toward maturity while ensuring its adaptability. Our Sustainable Finance team is doing a tremendous job actively assessing the EU and MDE markets, publishing terms, guidance, and documents and principles to enhance the credibility and effectiveness of sustainable-labelled instruments. Subscribe today to be the first to receive the upcoming edition! https://lnkd.in/eyYeaxBy What’s Inside This Edition? 🔹 Sustainable Debt in Focus: 2024 Summary and 2025 Outlook 🔹 Rethinking Finance: The Need for a New Economic Model to Protect Our Future 🔹 Decarbonising Aviation: In conversation with IBA 🔹Regulatory Update 🔹The Sustainability Assembled Don't miss out—stay informed on the latest in sustainable finance! William Sharpe Matt Orsagh Steve Rocco, Anastasia Linn and all of Arketa Institute Phil Seymour and Jennifer Stanley Sukhvir Basran #LMAHorizons #Sustainability #ESG #TransitionFinance

𝗟𝗠𝗔 𝗕𝗹𝗼𝗴𝘀: 𝗔𝗜 𝗶𝗻 𝘁𝗵𝗲 𝗟𝗼𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀, 𝗥𝗶𝘀𝗸𝘀, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗥𝗼𝗮𝗱 𝗔𝗵𝗲𝗮𝗱 We often discuss the impact of AI on the loan markets at our conferences, in blogs, and on podcasts. But what is the real impact of AI on the loan markets? How is AI transforming fraud detection, regulatory compliance, and data interoperability? What will its influence be across different areas of the loan markets from lenders and borrowers to specialised areas like fund finance, CRI and STRs and financial covenants? Our newly published blog explores these questions, offering insights into this rapidly evolving era. AI is already reshaping the loan markets and this is just the beginning. Read now. #LMA #LoanMarkets #AI #FinanceInnovation #Fintech

𝗟𝗠𝗔 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝘀 𝗶𝘁𝘀 𝗳𝗶𝗿𝘀𝘁-𝗲𝘃𝗲𝗿 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗼𝗻 𝗚𝗿𝗲𝗲𝗻𝘄𝗮𝘀𝗵𝗶𝗻𝗴: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗟𝗼𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁. Today, we want to give a special shoutout to our dedicated members – along with participants from across the wider banking and private credit markets – for their invaluable contributions to the 𝗟𝗠𝗔’𝘀 𝗳𝗶𝗿𝘀𝘁-𝗲𝘃𝗲𝗿 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗼𝗻 𝗚𝗿𝗲𝗲𝗻𝘄𝗮𝘀𝗵𝗶𝗻𝗴: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗟𝗼𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁. A special thank you to Hannah Vanstone, Senior Associate Director at Loan Market Association (LMA) and Sukhvir Basran, ESG Partner at King & Spalding for their tireless efforts in bringing this report to life. It has been 20 years since the World Bank issued the first green bond, and the sustainable finance market has evolved rapidly ever since. At the LMA, we have worked closely with our Sustainable Finance Committee to develop the Green Loan Principles (GLP), Sustainability-Linked Loan Principles (SLLP), and Social Loan Principles (SLP)—ensuring the market is well-served with clear frameworks. However, as the market changes, so does scrutiny—particularly around greenwashing risks. This first-of-its-kind report examines how market participants have responded to this evolving landscape and explores the impact of greenwashing risks on the loan market, particularly in relation to green, social, and sustainability-linked instruments. Key insights from the report: ✅ How banks and private credit fund managers are responding to new UK and EU regulations. ✅ The impact of greenwashing on demand for GSS loans. ✅ Measures being taken to address greenwashing risks. ✅ Key challenges and opportunities for mitigating these risks. Read the report here. https://lnkd.in/eU_snCeg For press queries please reach out to Leyla Ghaffar Zadeh @Leyla.ghaffar-zadeh@lma.eu.com #LMA #LMApublications #Greenwashing #ESG #Sustainability #Loanmarkets

𝗟𝗠𝗔 𝗿𝗲𝘀𝗽𝗼𝗻𝗱𝘀 𝘁𝗼 𝗘𝗦𝗠𝗔 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗱𝗿𝗮𝗳𝘁 𝗥𝗧𝗦 𝗳𝗼𝗿 𝗼𝗽𝗲𝗻-𝗲𝗻𝗱𝗲𝗱 𝗹𝗼𝗮𝗻 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗶𝗻𝗴 𝗔𝗜𝗙𝘀   Today, we responded to European Securities and Markets Authority (ESMA)'s consultation on the draft Regulatory Technical Standards on open-ended loan originating alternative investment funds.   The #LMA welcomes European Securities and Markets Authority (ESMA)’s approach in providing a harmonised implementing framework tailored to the specificities of OE LO AIFs, allowing managers to demonstrate to their respective NCAs that they can maintain an open-ended structure.    We believe that the framework should be aligned with market trends aimed at meeting investors’ increasing demands for 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 with a liquid profile.   At the same time, the LMA stresses the importance of a measured approach not being overly prescriptive, specifically in relation to the authorisation process and (minimum) liquidity thresholds.   As the 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 advances its work on the 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 & 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗨𝗻𝗶𝗼𝗻 (please see our response here https://lnkd.in/ebMWrSi2), the treatment of private credit and alternative financing vehicles, such as OE LO AIFs, must be aligned with the overarching goal of enhancing the 𝗘𝗨’𝘀 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆 𝗮𝗻𝗱 𝗴𝗹𝗼𝗯𝗮𝗹 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀. A balanced regulatory framework that ensures investor protection and financial stability, while avoiding unnecessary constraints on market development, is essential to mobilising private capital for strategic sectors and fostering long-term economic growth.   Many thanks again to all our members who contributed to this response!   Should you have any questions or would like to share your feedback, please reach out to the LMA Senior Associate Director, Hannah Vanstone at Hannah.vanstone@lma.eu.com #loans #AIFs #regulation

After more than 20 years with the LMA and as one of its early Board members, we bid a fond farewell to Nick Voisey as he embarks on his well-earned retirement. Reflecting on the LMA since its establishment, it is clear that the association would not be what it is today without Nick’s dedication and unwavering commitment to the association. He has played an integral role across multiple areas of the LMA, covering regulation, events, our work in the Middle East, Scandinavia and CEE and education and training, particularly the Certificate course which has educated hundreds of our members as they embark on their careers in the loan markets. As our CEO, Scott McMunn often says, Nick is now part of the very DNA of the LMA. Nick shared some heartfelt words as he reflects on his time at the LMA: "𝘈𝘴 𝘐 𝘳𝘦𝘧𝘭𝘦𝘤𝘵 𝘰𝘯 𝘮𝘺 20 𝘺𝘦𝘢𝘳𝘴 𝘢𝘵 𝘵𝘩𝘦 𝘓𝘔𝘈, 𝘣𝘰𝘵𝘩 𝘢𝘴 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘦𝘹𝘦𝘤𝘶𝘵𝘪𝘷𝘦 𝘵𝘦𝘢𝘮 𝘢𝘯𝘥 𝘢𝘴 𝘰𝘯𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘦𝘢𝘳𝘭𝘺 𝘣𝘰𝘢𝘳𝘥 𝘮𝘦𝘮𝘣𝘦𝘳𝘴, 𝘐 𝘢𝘮 𝘵𝘳𝘶𝘭𝘺 𝘢𝘮𝘢𝘻𝘦𝘥 𝘣𝘺 𝘩𝘰𝘸 𝘧𝘢𝘳 𝘵𝘩𝘦 𝘓𝘔𝘈 𝘩𝘢𝘴 𝘤𝘰𝘮𝘦 𝘢𝘯𝘥 𝘩𝘰𝘸 𝘷𝘪𝘵𝘢𝘭 𝘪𝘵 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘭𝘰𝘢𝘯 𝘮𝘢𝘳𝘬𝘦𝘵𝘴. 𝘞𝘩𝘢𝘵 𝘮𝘢𝘬𝘦𝘴 𝘵𝘩𝘦 𝘓𝘔𝘈 𝘴𝘰 𝘴𝘱𝘦𝘤𝘪𝘢𝘭 𝘪𝘴 𝘯𝘰𝘵 𝘫𝘶𝘴𝘵 𝘪𝘵𝘴 𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘴𝘩𝘢𝘱𝘦 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘣𝘶𝘵 𝘵𝘩𝘦 𝘵𝘢𝘯𝘨𝘪𝘣𝘭𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘪𝘵 𝘩𝘢𝘴 𝘮𝘢𝘥𝘦. 𝘈𝘭𝘮𝘰𝘴𝘵 𝘶𝘯𝘪𝘲𝘶𝘦𝘭𝘺 𝘧𝘰𝘳 𝘢 𝘵𝘳𝘢𝘥𝘦 𝘣𝘰𝘥𝘺, 𝘵𝘩𝘦 𝘓𝘔𝘈 𝘩𝘢𝘴 𝘤𝘳𝘦𝘢𝘵𝘦𝘥 𝘢 𝘱𝘳𝘰𝘥𝘶𝘤𝘵 — 𝘰𝘶𝘳 𝘥𝘰𝘤𝘶𝘮𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 — 𝘵𝘩𝘢𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘸𝘪𝘥𝘦𝘭𝘺 𝘶𝘴𝘦𝘥 𝘣𝘶𝘵 𝘥𝘦𝘦𝘱𝘭𝘺 𝘳𝘦𝘴𝘱𝘦𝘤𝘵𝘦𝘥, 𝘮𝘢𝘬𝘪𝘯𝘨 𝘵𝘩𝘦 𝘭𝘰𝘢𝘯 𝘮𝘢𝘳𝘬𝘦𝘵 𝘮𝘰𝘳𝘦 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘢𝘯𝘥 𝘭𝘪𝘲𝘶𝘪𝘥. 𝘛𝘩𝘦 𝘸𝘰𝘳𝘬 𝘵𝘰 𝘱𝘳𝘰𝘮𝘰𝘵𝘦 𝘢𝘯𝘥 𝘦𝘥𝘶𝘤𝘢𝘵𝘦 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨, 𝘦𝘷𝘦𝘯𝘵𝘴, 𝘢𝘯𝘥 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘦𝘯𝘨𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘩𝘢𝘴 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘦𝘥 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨. 𝘉𝘶𝘵 𝘢𝘴 𝘐 𝘴𝘵𝘦𝘱 𝘢𝘸𝘢𝘺, 𝘸𝘩𝘢𝘵 𝘐 𝘸𝘪𝘭𝘭 𝘵𝘳𝘦𝘢𝘴𝘶𝘳𝘦 𝘮𝘰𝘴𝘵 𝘢𝘳𝘦 𝘵𝘩𝘦 𝘳𝘦𝘮𝘢𝘳𝘬𝘢𝘣𝘭𝘦 𝘱𝘦𝘰𝘱𝘭𝘦 𝘐'𝘷𝘦 𝘩𝘢𝘥 𝘵𝘩𝘦 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦 𝘰𝘧 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘸𝘪𝘥𝘦𝘳 𝘭𝘰𝘢𝘯 𝘮𝘢𝘳𝘬𝘦𝘵𝘴 𝘰𝘷𝘦𝘳 𝘵𝘩𝘦 𝘺𝘦𝘢𝘳𝘴 — 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘰𝘳𝘴, 𝘤𝘰𝘭𝘭𝘦𝘢𝘨𝘶𝘦𝘴, 𝘢𝘯𝘥 𝘧𝘳𝘪𝘦𝘯𝘥𝘴 𝘢𝘭𝘪𝘬𝘦. 𝘛𝘰𝘨𝘦𝘵𝘩𝘦𝘳, 𝘸𝘦'𝘷𝘦 𝘢𝘤𝘤𝘰𝘮𝘱𝘭𝘪𝘴𝘩𝘦𝘥 𝘴𝘰 𝘮𝘶𝘤𝘩, 𝘢𝘯𝘥 𝘐 𝘢𝘮 𝘪𝘯𝘤𝘳𝘦𝘥𝘪𝘣𝘭𝘺 𝘱𝘳𝘰𝘶𝘥 𝘰𝘧 𝘢𝘭𝘭 𝘵𝘩𝘢𝘵 𝘸𝘦'𝘷𝘦 𝘣𝘶𝘪𝘭𝘵." While he will be greatly missed, the work he has championed will continue to shape both the present and future of the LMA, ensuring that his legacy remains woven into its fabric. Please join us in thanking Nick for his invaluable contributions and wishing him all the best in his next chapter. We will certainly miss him. Thank you!

 📢 𝗝𝗼𝗶𝗻 𝘂𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗟𝗠𝗔 𝗳𝗶𝗿𝘀𝘁 𝗺𝗲𝗺𝗯𝗲𝗿 𝗿𝗲𝗰𝗲𝗽𝘁𝗶𝗼𝗻 | 𝗔𝗺𝘀𝘁𝗲𝗿𝗱𝗮𝗺 | 𝟴 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟱 We invite our members and industry professionals to join us for the first-ever exclusive LMA Member Reception in Amsterdam on 8 April 2025 for an evening of engaging conversation over drinks and canapés. The evening will discussions covering: 🔹 Key takeaways from two Industry Roundtables held earlier that day 🔹 The LMA’s strategic vision and industry priorities 🔹 Networking opportunities with loan market participants 📍 The Dylan Amsterdam 🕕 6:00–9:00 PM CET 🔗 Register now https://lnkd.in/eG-3kb45 For questions, contact Melissa Vesin at registration.lmaevents@lma.eu.com. #LMA #Networking #LoanMarkets #PrivateCredit #LMAevents We look forward to seeing you there!

𝗟𝗠𝗔 𝗿𝗲𝘀𝗽𝗼𝗻𝗱𝘀 𝘁𝗼 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗘𝘃𝗶𝗱𝗲𝗻𝗰𝗲 𝗼𝗻 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗨𝗻𝗶𝗼𝗻 The LMA has today responded to the Commission’s call for evidence on the creation of a Savings and Investments Union.  As noted in 𝗠𝗮𝗿𝗶𝗼 𝗗𝗿𝗮𝗴𝗵𝗶 𝗮𝗻𝗱 𝗘𝗻𝗿𝗶𝗰𝗼 𝗟𝗲𝘁𝘁𝗮’s reports, the European Union is facing an increasingly complex global economic landscape, characterised by intensifying competition from other major economies, rapid technological developments, and the need for strategic investments in areas such as sustainability, digital transformation, and industrial resilience (including defence). We strongly believe that competitive banking and capital markets and diversified financing channels are essential to ensuring that European businesses – particularly small and medium-size enterprises (SMEs), scale-ups, and infrastructure projects – can access funding to grow and compete internationally. Our recommendations to the Commission include: • Further incentivising a diverse investor base (including insurance companies, pension funds, and other institutional investors) to allocate capital to private credit markets • Supporting further product innovation in financial markets, including support for innovative Credit Risk Distribution products and alternative investment vehicles. • Identifying and seeking to reduce regulatory and fiscal barriers to corporate lending across Europe • Facilitating digital transformation in financial markets Read the full response below. Should you have any questions or would like to have a follow up conversation, please reach out to Hannah Vanstone at Hannah.vanstone@lma.eu.com #LMA #LMAresponse #CreditRisk #EU #Regulatory