Welcome to the September 2026 edition of the LMA Regulatory Insights Newsletter and EU & UK Regulatory Scanner.
LMA EU & UK Regulatory Scanner
Access to our monthly scanner of regulatory developments affecting the loan markets (members only).
If you have any questions or would like further information about our work, please contact Jesse Beardsworth or Evelien Alblas.
Advocacy and Engagement
- On 16 September, the LMA regulatory team and CEO Scott McMunn were pleased to attend Eurofi 2026 in Dublin, meeting with regulators and key stakeholders to advance the LMA’s regulatory advocacy priorities.
- On 7 September, we submitted our response to the HMRC consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas
Education and Collaboration
Upcoming:
- On 23 September, Jesse Beardsworth will be presenting at Helaba’s conference in London on Article 21c of CRD VI.
- On 24 September, we will host our next Member Briefing Call covering Europe’s macro-outlook and financial services agenda, reform of the competitiveness of the EU banking sector, and digital regulatory developments. Click here to register.
- On 17 November, we will be hosting an invite-only roundtable on NBFI/private credit in Paris.
Recent:
- On 3 September, we updated our Article 21c Tracker for CRD VI with the latest on Member State transposition. See here (under Featured Resources)
Note to Members
As summer draws to a close, Brussels is getting back into full swing, and the autumn agenda is already looking busy. With the Irish Presidency setting the pace ahead of the year-end, the Eurofi Financial Forum in Dublin provides an important moment for policymakers and industry to take stock of Europe’s financial services priorities. The LMA attended the Forum this year with an official delegation for the first time, contributing to discussions on the key issues affecting loan markets participants.
At the heart of the debate is competitiveness. Policymakers in both the EU and UK are increasingly focused on how the regulatory framework can support economic growth, investment, and financing the real economy while maintaining financial stability. This shift is reflected in the Commission’s emerging agenda, with discussions around simplification, prudential requirements, Banking Union, and the competitiveness of the EU banking sector gathering momentum.
Policymakers are also increasingly focused on private markets and non-bank finance, including through the Bank of England’s ongoing system-wide exploratory scenario exercise examining resilience and potential stress transmission across the private markets ecosystem.
For the securitisation market, the Review of the Securitisation Framework is entering its final phase, with trilogue negotiations expected to move towards agreement in the coming weeks. The Irish Presidency is aiming to conclude negotiations by October, making this a particularly important period for the markets. Alongside developments in the EU, the UK continues to advance its financial services reform agenda, with ongoing work aimed at supporting growth, competitiveness and the efficient functioning of capital markets.
Against this backdrop, the final quarter of 2026 promises to be an active period for financial services policy on both sides of the Channel.
Share Your Thoughts
Here is a list of open consultations LMA is tracking and considering whether to respond to. To share your view or would like to be involved, please contact Jesse Beardsworth or Evelien Alblas.
