Europe’s Capital Requirements Directive 4 (CRD 4) will harm the syndicated loan market and impair a vital source of liquidity for borrowers, according to the Loan Market Association (LMA). The LMA is concerned that the interaction between CRD 4 and other regulatory measures hasn’t been sufficiently considered – even on an intra-European level.
“The LMA strongly urges the EC to redirect efforts away from individual policy silos and towards the construction of a comprehensive assessment of...