The EU Commission issues a report on syndicated loans and competition compliance

This article has been nominated for the 2020 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards.

Syndicated lending is a well-established and critical way of banks sharing risk in financing larger or riskier projects which a single lender is unable or unwilling to assume. Such arrangements are therefore clearly in the interest of borrowers and increase market liquidity. However, syndicates also involve otherwise competing banks talking to each other about the terms of the financing in a manner which could reduce competition between them – which is where competition law concerns in this area have arisen. While borrowers and lenders alike want a simple and clear set of rules to follow, this has to date not been forthcoming from competition agencies, with widespread concern following a previous LMA Notice in 2014 suggesting that those involved in certain activity relating to

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteurs

  • Norton Rose Fulbright (London)
  • Norton Rose Fulbright (London)
  • Norton Rose Fulbright (London)

Citation

Ian Giles, Mark Daniels, Shaha El-Sheemy, The EU Commission issues a report on syndicated loans and competition compliance, 8 avril 2019, e-Competitions April 2019, Art. N° 96746

Visites 38

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues