In response to the strong recovery of the European leveraged finance market and the rise of borrower-friendly conditions that have been imported into the European market, the European Central Bank released its final guidance on leveraged transactions on May 16th. Approximately six months in the making, the guidance comes after a public consultation period on the draft guidance from which many, but not all, industry comments were accepted.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.