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The Irish parliament is debating a bill which, if passed, would regulate the owners of Irish loan portfolios. The proposed legislation – the Consumer Protection (Regulation of Credit Servicing Firms) [Amendment] Bill 2018 (the Bill) is understood to have been triggered by reports of intended loan sales by particular retail banks in Ireland. Since 2015, non-regulated owners of loan portfolios comprising loans to consumers and small and medium-sized enterprises (SMEs) have been required to appoint a regulated credit servicer to manage the portfolio. This was to ensure that consumers and SMEs would continue to enjoy their statutory customer protection even though their creditor was unregulated. Broadly, this ensured consumers and SMEs were in the same position as if facing a regulated retail bank. However, in some political circles this regime has been perceived as providing insufficient protection to borrowers.

In July 2017, the Spanish government announced the Extraordinary Road Investment Plan (Plan Extraordinario de Inversión en Carreteras or PIC). This plan involves investing €5 billion ($6.2 billion) to construct 2,000 km of highways over a four-year period (2017 to 2021).

The CMA is consulting on changes to the Enterprise Act for certain sectors, sparking concern for increased transaction costs: http://bit.ly/2GQsKsu

A lack of clarity and a stringent legal framework are deterring issuers

[OPEN ACCESS] The Treasury agency tells IFLR that lenders cannot ignore prudent risk management practices

Firms in the sector are expected to face yet another hurdle when repapering contracts

Could DLT and cryptocurrencies change the world? Speakers at the March 22 event think it's possible

The PRC is trying to clean up lending practices, with some success

Stringent US regulation has deterred banks and issuers. Europe needs to be weary

Market participants are worried about the EU’s attempt to relocate derivatives clearing from the UK, as basis swaps between central clearing counterparties have already been widening since the UK voted to leave the EU in 2016. Banks and asset managers argue that this could price them out of the market. Aside from the fundamental increased clearing costs, additional supervisory and operational fees