6 ديسمبر 2022
As 2022 draws to a close, the Linklaters Banking practice looks back at key legal developments in the loan markets over 2022 and looks forward to those expected in 2023.
23 مارس 2023
Recent market volatility has resulted in reduced liquidity and appetite for credit risk. Labour shortages, supply disruptions, high levels of inflation and increased borrowing costs caused by rising interest rates have created additional pressures on businesses. Some businesses may need to engage with their lenders and agree a refinancing of their capital structure. Read our overview of the refinancing options which are available to “fallen angels” and crossover credits.
27 فبراير 2023
On 23 February 2023, a joint working group which included the LMA, the APLMA and the LSTA published updated Sustainability-Linked Loan Principles, Green Loan Principles and Social Loan Principles together with related guidance. The changes made are intended to reflect market developments and ensure that these publications continue to promote the development and integrity of sustainability-linked, green and social loans.
11 يناير 2023
Welcome to our first Insolvency Bitesize edition for 2023
Reflecting on the year that has gone reveals an intensification of the challenges faced by advanced economies and emerging markets alike. As we embark on a new year, the twin shadows of lockdown and conflict loom large for business. The era of easy global money is over. The posturing of geopolitics and the stuttering of complex global supply chains are forcing a reassessment of the merits of globalisation strategies with inevitable implications for entrepreneurial activity.
1 فبراير 2023
On 26 January 2023, the UK Government published its long awaited consultation paper for a new Insurer Resolution Regime ("IRR"). The IRR proposals come a few months after the UK proposals to enhance the insolvency regime for insurers and aim to ensure that the UK remains at the forefront of regulatory developments given the corresponding EU proposals for a recovery and resolution regime for insurers.
13 يناير 2023
Last year, the Prudential Regulation Authority (“PRA”) published a consultation paper outlining its proposed approach to implementing Basel 3.1. HM Treasury also published its consultation in respect of Basel 3.1 but without touching on the substantive provisions. As expected, the PRA continues to strive for full implementation of the Basel 3.1 standards (with certain deviations and clarifications). Read our high-level overview of the key PRA proposals and their expected impact.