Loan Market Association (LMA)

🎧 Watch our new webinar covering our recently issued Fault Based Primary Delayed Settlement Compensation (PDSC) timeline and guidance. Presented by Nick Voisey, Matthew Dunn, Deborah Neale, Jonathan Butler at PGIM and Frank Hewitt, who all worked on the project, this webinar focuses on: 🎤 The overarching themes and principles of the timeline and sets out what needs to be achieved and when. 🎤 How the fault-based element operates and what the parties need to consider. The LMA will ensure the timeline is kept under review as we all work together to improve settlement times in the primary leveraged loan market. Many thanks again to all those from the LMA Board, both buyside and sellside, who assisted with this important initiative, especially: Jonathan Butler at PGIM, Jeremy Selway, Fiona Hagdrup, Charlotte Conlan, Frank Hewitt, Sebastian Potocean, Tim Spray, and Michael Craig. https://lnkd.in/ec8FGYgv #LMA #LoanMarkets #LeveragedLoans

The LMA has submitted its response to ESMA's Call for Evidence on the review of the UCITS Eligible Assets Directive. Our response recommends the inclusion of loans as eligible assets under the UCITS framework to enhance investment opportunities for retail investors within the regulated environment of UCITS. 💬 Nicholas Voisey, Managing Director of the LMA,said: "Loans, both direct and indirect, such as through CLOs, should be included as eligible assets for UCITS based on their relative lack of complexity as a debt product and their proven reputation of providing investors with attractive returns, low volatility and low loss rates, all of which are important factors from a retail investor perspective.” Allowing UCITS to invest in loans would address the current divergence among EU Member States on this topic, improve diversification, and align with the European Commission's broader policy goals. 🌍 Enabling UCITS to include loans can enhance market liquidity, offer retail investors access to a broader range of investment products and prevent potential regulatory arbitrage. Loans are a straightforward, attractive investment option, offering an excellent risk-return profile. We believe this move will benefit investors and the wider economy alike. Read more here: https://lnkd.in/dRYN76h9

Its been fantastic to see over 20 new members join the LMA over the last few months. Validating our work and efforts to represent all the loan markets - member growth has been from institutional investors, credit funds, technology solutions, law firms, and sustainability advisory. Continuing to drive and promote liquidity, efficiency, and transparency in our loan markets. Our growth has been supported by our efforts to promote the activities of the LMA but more specifically showing the "so what" and how our workflows and outputs directly correlate to those 3 tenets. Whether its on loan operations, sustainable finance, IBOR transition, regulatory lobbying, education on emerging trends, private and public loan markets - we are working with you and for you. Thanks for the trust and faith in the LMA! #loanmarkets #syndicatedloans #leveragefinance #loanoperations #loantechnology #sustainablefinance

🔔 Registration is open for our 17th annual Loan Markets Conference in London on 17 September. This conference remains the flagship event for the EMEA loan markets and we encourage all our membership to attend. The theme of this year’s conference is Further Together, as our goal is to collectively shape the future of the industry, leveraging the expertise and perspectives of our diverse membership. 🚀 We are pleased to announce our sponsors as Lead: Clifford Chance, FIS and Kroll, Lunch: S&P Global Market Intelligence, Breakfast: Finastra and Cocktail: GLAS, and we look forward to working with them over the next 7 weeks. Delegate places will be in high demand so please register now to secure your place. https://lnkd.in/ebnrYWwV #LMA #LoanMarkets #FurtherTogether

🌟 The fund finance market is currently estimated to be worth around $1 trillion. 💰 As fewer but larger deals become the norm, this sector is attracting the attention of investors, regulators, and the media alike. At the LMA, we are launching working groups to tackle key issues such as transparency, risk management, and regulatory compliance. Our goal is to help define best practices in and support the sustainable growth of this segment. 🌲 Read our latest blog post to learn more about fund finance and our activities in this area. https://lnkd.in/dTBQQ4TY #LMA #LoanMarkets #fundfinance #sustainable

📢 Mitigating risk and ensuring legal certainty are widely considered the two most important considerations for investors lending into Africa. 🌍   One way to achieve this certainty is via the “Mauritian Holdco Structure”, whereby international investment is channelled into a Mauritian parent “Holdco” and “on-lent” to operating subsidiaries in the relevant African countries. With this in mind, we have launched today, to coincide with our South African Conference in Sandton, our new USD Term SOFR loan agreement, governed by English law while assuming a variety of African borrowers/guarantors including Mauritius, Ghana, Nigeria, Kenya, Tanzania, Uganda and Zambia. It is our hope this document will assist with documentation standardisation in Africa and stimulate liquidity from international investors. 💰 For further information, please contact Amelia Slocombe our Africa lead. https://lnkd.in/edP4pyrQ #LMA #LoanMarkets #Mauritius #Africa

📢 We and the APLMA (Asia Pacific Loan Market Association) have jointly published an open letter urging loan market participants to take all necessary steps to complete USD LIBOR transition by the end of September. As the deadline approaches, all stakeholders must act swiftly to avoid any disruptions and ensure a smooth transition. Please pass this message on to ensure no-one is left unprepared. 🌍 This call to action is especially aimed at those still transitioning from USD LIBOR, and those in certain markets in Africa and Asia, where there may be a lower level of general awareness of the imminent deadline. The LMA and APLMA are on hand to support the market through this critical period, so please contact us with any specific issues or concerns. 🙌 Thank you to the Official Sector for their ongoing help in facilitating this transition. Together, we can ensure a successful transition for all. Read the letter here: https://lnkd.in/ddEeg6An #LIBORTransition #Finance #LMA #APLMA #USDLIBOR #LoanMarkets

📅 Join us on 4 September for our insightful seminar on credit risk transfer, chaired by Amelia Slocombe. Facilitating the liquidity of the loan product is crucial for all stakeholders, yet misconceptions often hinder distribution beyond the original lender group. This free event is designed to dispel these myths and highlight the benefits of effective loan credit risk transfer. We will bring together: ✔ Sponsors ✔ Originators ✔ Syndicators ✔ Insurers ✔ SRT fund managers ✔ End investors Our aim is to shed light on how loan credit risk is distributed outside the traditional realms of secondary trading and to explain why effective risk transfer is beneficial for every stakeholder, including borrowers and sponsors of the underlying loans. 💡 Don’t miss this opportunity to gain valuable insights and network with industry leaders. Open to LMA members, and non-members by invitation, you can register and enquire here: 📍 Venue: Pan Pacific London Hotel, 80 Houndsditch, London EC3A 7AB 📅 Date: 4 September 2024 ⏰ Time: 12.30 - 18.00, followed by networking drinks #CreditRiskTransfer #LMA #FinanceEvent #LoanMarkets

It was great this week to be in Dublin delivering a targeted roundtable with some key industry players, partnering with and hosted by BNY. The wide ranging discussion covered a broad agenda from blockchain and tokenisation through to data and process flow, even covering documentation within our loan markets and the various use cases, through to valuations, liquidity, and technology solutions. Some challenging and topical debate from the institutional investors and we even got to promote #challengingthetimelines This was part of a series of roundtables we have be doing to ensure we hear the broadest possible range of voices across our member geographies and verticals. Thanks to Declan Turner and Adam Roston and the BNY team.

🔔 Read our latest monthly update where CEO Scott McMunn reviews progress at the LMA in H1 2024. Thanks to our members' support, we are making great strides on many fronts: 🔹 Sustainable Finance: Launch of our ESG publication, Horizons, attracting over 6,000 subscribers. 🔹 Technology & Efficiency: Aiming to reduce settlement times by 25 per cent in 2024. 🔹 Membership Growth: Welcomed over 50 new organisations from a range of sectors. 🔹 Advocacy: Engaging with regulatory bodies and collaborating with other trade associations. 🔹 Events & Education: Successful events such as the FutureLend and Real Estate Finance conferences. 🔹 Operational Enhancements: Improving loan operations with new leadership and our Challenging the Timeline newsletter. Feedback and participation from members always welcome! #SustainableFinance #Innovation #Regulation #LMA #LoanMarkets