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Security registration reform – making things easier
14 March 2013
Publication
As from 6th April 2013, registration of security in the UK is set to become much simpler. Why? Because: (i) we will no longer have to complete long registration forms and will benefit from the ability to file electronically; (ii) charging documents will be available...
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Basel III: relaxations to the Liquidity Coverage Ratio
14 January 2013
Publication
The Basel Committee on Banking Supervision ("BCBS") published the finalised Liquidity Coverage Ratio ("LCR") on 7 January 2013. The finalised LCR is less onerous than the original formulation published in December 2010 and should therefore...
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Financial collateral remains a Gray area
15 November 2012
Publication
Do you have sufficient "possession" or "control" for your security interest to qualify for protection under the Financial Collateral Arrangement (No.2) Regulations 2003 (the Regulations)? Since the decision in Gray v G-T-P Group two years...
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The Wheatley Review on LIBOR: publication of the final report
28 September 2012
Publication
The final report of the Wheatley Review on LIBOR has been published today (28 September 2012). The report concludes that LIBOR should be retained as a benchmark, but, as expected, recommends a comprehensive reform of LIBOR, which includes replacing the British...
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The Eurozone crisis and its impact on the international financial markets
30 May 2012
Publication
How are current events in the Eurozone affecting the international financial markets? What are the likely outcomes ahead and how can market participants prepare for them? Clifford Chance partners from the firm’s sovereign debt rescheduling, regulatory and...
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Eurozone – developments in loan documentation
25 May 2012
Publication
As Eurozone concerns continue so does the market's focus on the role that loan documentation has to play in addressing potential redenomination risk. In this update to our earlier briefing The Eurozone Crisis and Loan Agreements (November 2011), we highlight...
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The Eurozone Crisis and Aircraft Leases
19 January 2012
Publication
The Eurozone crisis continues to dominate the global economic landscape and the possibility of a Eurozone member departing from the currency union has been touched on publicly by European leaders. While Euro-denominated aircraft leases are not common, they are...
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Bank of England's Market Operations – Update December 2011
4 January 2012
Publication
The Bank of England has released further details of eligibility criteria for CMBS, SME CLOs and ABCP in its Discount Window Facility. This briefing examines the terms of the notice.
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The Eurozone Crisis and Eurobond Documentation
20 December 2011
Publication
The Eurozone crisis continues to dominate the global economic landscape. What was unthinkable last month – a discussion about the possibility of a Eurozone member departing from the currency union – has now been touched on publicly by leaders of European...
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The Eurozone Crisis and Loan Agreements
20 December 2011
Publication
The Eurozone crisis continues to dominate the global economic landscape. What was unthinkable last month – a discussion about the possibility of a Eurozone member departing from the currency union – has now been touched on publicly by leaders of European member...