Are we heading for LIBOR transition 2.0?
With EURIBOR-referencing loans a €1 trillion market, coupled with the lack of significant movement in adopting robust EURIBOR fallbacks in the loan market, it feels like we are in danger of heading towards a potential LIBOR transition 2.0 headache. Despite clear guidance given by the Working Group on Euro Risk-Free Rates (the Euro Working Group) […]
CEO Monthly Update – April 2025
Dear Members, Finally, in the UK, we have experienced some excellent weather just as we were all able to reset for our traditional Easter Break. I trust many of you were also able to get some down time and family time. And moreover, I hope this is not us already drawing all our good weather for 2025 – that would be typically British! […]
How competitiveness is reshaping the regulatory agenda in Europe – 5 key takeaways for market participants
Step aboard the “Omnibus” – A new era for regulation in Europe Global financial markets have been rocked by President Trump’s “Liberation Day” tariff announcements. While the full impact of these unprecedented moves will unfold over time, one thing is clear: the loan markets are now operating in a significantly altered geopolitical and economic environment. […]
Challenging the Timeline Issue No. 4
By Paul Taylor, Head of Operations, Loan Market Association Welcome to the fourth edition of Challenging the Timeline – the LMA newsletter dedicated to primary and secondary operations. As we enter the second quarter, the focus here is in fact a reflection on last year and setting out some aspirations and targets for 2025. Why […]
CEO Monthly Update | March 2025
Dear Members, Here we are at the end of Q1. There is lot I wish to share below, and it is difficult to rank a priority list – all are material! I am blessed to have a great team and their contribution as you will see is amazing – not just in terms of what you see but what is going […]
AI in the Loan Markets: Opportunities, Risks, and the Road Ahead
The loan market has long been driven by data, and AI promises to revolutionise how this data is used, from enhancing decision-making to redefining operational processes. However, this technological shift comes with issues which must be addressed proactively. AI’s Expanding Role Across the Industry AI has made significant inroads into banking, particularly in areas such […]
CEO Monthly Update – February 2025
Dear Members, It seems the year already is moving at an excessive pace, judging by our activities and book of work. There has been a lot going on. More of that later along with what is coming up. On a personal level I was able to indulge the McMunn family with our half term ski […]
LMA’s Impactful Visit to the Middle East: Strengthening Ties in the Region’s Loan Markets
The LMA had the privilege to be in the Middle East to engage with key stakeholders across the region’s loan markets and reinforce our commitment to supporting the GCC loan ecosystem – enhancing liquidity, efficiency, transparency and sustainability across the regional loan market. Our CEO, Scott McMunn, and Head of Sustainability, Gemma Lawrence-Pardew, led the […]
The Future of Fund Finance in Europe: Innovation, Collaboration and Education
Author Kam Hessling, Managing Director, LMA Although the fund finance market has been around a long time, it has undergone significant transformation. On 28 January 2025, the LMA held its first fund finance focused conference (in partnership with DealCatalyst) and explored the future of this dynamic market. Read on to learn more about the key […]
Message from LMA CEO, Scott McMunn
Dear Members, Welcome to 2025. It is too late in the month to wish you success and happiness in 2025 but I do want to express my excitement at working with you all over the coming 12 months and continuing to drive our markets forward. Since the last member update most of our activity has […]