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08 June 2011
After months of speculation and overblown predictions, cov-lites have finally returned in Europe. But lawyers don't expect a flood of new deals
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15 May 2012
The Basel Committee on Banking Supervision’s latest consultation on trading book capital rules signals a move away from the discredited value-at-risk model.
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02 May 2012
Addressing the European Commission’s shadow banking conference, Joanna Cound, managing director, government relations at BlackRock, emphatically disagreed with Paul Tucker’s earlier comment that securities lending is a form of banking
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13 March 2012
Market participants should not confuse investors taking substantial cov-lite risk on a high yield deal with a fully-fledged return of the risky pre-crisis lending feature, according to Barcap's Jason Meers
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29 February 2012
Banking lawyers and PE managers have called for loans to be an eligible asset for investment by Ucits funds to inject much-needed liquidity into the market
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14 February 2012
An analysis of a loan’s jurisdiction, governing law, currency of payment and place of payment can give clues to the likely currency in which a loan must be repaid in a redenomination
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14 February 2012
Lenders to peripheral eurozone countries are including euro definitions and tightening up the currency wording in their facility agreements to offset the risks of a redenomination
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31 January 2012
As the European loan market continues to stall, borrowers are turning to the US market to for LBO financings. But IFLR can reveal large discrepancies between European and NY loan documentation
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11 January 2012
Europe’s Capital Requirements Directive 4 will harm the syndicated loan market and impair a vital source of liquidity for borrowers, according to the Loan Market Association
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07 December 2011
IFLR can reveal that the Loan Market Association is in the process of drafting a new intercreditor agreement. Here, the body explains its priorities for the new document
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07 December 2011
Richard Holden, partner at Neovara, a mezzanine-focussed credit investment manager, explains the firm’s hopes for the new LMA intercreditor agreement
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16 September 2011
Increasing bank regulation will impact on loan market behaviour within two months, according to a JPMorgan loan trader
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15 September 2011
Esma has called for evidence asking for examples of empty voting at listed companies. But lawyers have warned against changing the company law to guard against it
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13 September 2011
With the regulatory spotlight fixed on banks and their activities, the shadow banking industry is growing
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01 September 2011
Collateralised loan obligation investors need clarity on the level of involvement of the retention holder before the market can recover, according to those close to the LMA
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31 August 2011
Mezzanine financing is returning to the European market but uncertainly surrounds how long the trend will last and how restrictive the loans’ covenants will be
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27 July 2011
European loan contracts should include explicit waivers that junior creditors have in a US bankruptcy scenario, according to lawyers