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Jun 21, 2017

Leveraged Lending: Summary of ECB Guidance compared to US Guidance

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In May 2017, the European Central Bank published its final Guidance on Leveraged Transactions (the “ECB Guidance”). The ECB Guidance will come into effect six months after publication and will apply to all “significant credit institutions” supervised by the ECB. When drafting its guidance the ECB took into account comments from market participants, many of which focused on aligning the ECB Guidance with the Interagency Guidance on Leveraged Lending (the “US Guidance”) promulgated by the several departments of the United States government in March 2013. In this note, we give a more specific comparison of significant points-to-note in the ECB Guidance and the US Guidance.

View full memo, Leveraged Lending: Summary of ECB Guidance compared to US Guidance.

Authors and Contributors

Ronan Wicks

Partner

Finance

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+1 212 848 5258

New York

Peter Hayes

Partner

Finance

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+44 20 7655 5965

London

Helen Walsh

Professional Support Lawyer

Finance

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+44 20 7655 5107

London

David Shennan

Associate

Finance

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+44 20 7655 5701

London

Kotoe Oshima

Associate

+1 212 848 4455

+1 212 848 4455

New York

Practices

Regional Experience