Legal initiatives in the UK and France look set to push insolvency regimes in these jurisdictions closer to the German model, according to research by Standard & Poor’s Ratings Services. These moves may have significant implications for banks and investors involved in financing leveraged buyouts (LBO) and senior secured loans, as they are expected to lengthen ultimate recovery times in the UK, and encourage and extend financial support to distressed companies in France. The research evaluates the leveraged buyout (LBO) market in the UK, France and Germany and examines the structural and legal issues facing investors in senior secured and second secured mezzanine loans, and unsecured high-yield bonds. ‘Recent changes to legislation in the UK, as well as draft legislation under consideration in other European jurisdictions, should reduce the traditional distinctions that exist between the principal insolvency regimes in Europe,’ said Dominic Crawley, head of Standard & Poor’s Leveraged Finance team in Europe.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more