Credo, Brodies’ regular Banking & Finance update, March 2017
Credo, Brodies’ regular Banking & Finance update, is now live and can be found here : Credo, March 2017. In our March 2017 issue we look at: • key themes and concerns for the care sector in...
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FCA launches consultation on “persistent” credit card debt
The FCA has launched a consultation on persistent credit card debt and earlier intervention remedies. All firms providing credit card facilities to consumers, as well as other interested parties, have...
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Open banking: the basics
The concept of Open Banking has been in the retail banking pipeline for a while now. As its full implementation draws closer, what does it mean and how will this affect banking services in the UK?...
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No future for old LIBOR : discontinuation targeted for end of 2021
On 27 July 2017, Andrew Bailey, Chief Executive of the FCA, delivered a speech on “The Future of LIBOR”, in which he confirmed that discontinuation was targeted for the end of 2021. In his speech, Mr...
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Starting my traineeship – a seat in banking
Sophie Fletcher, first year trainee in our banking department, discusses the start of her traineeship. Well, time really is flying! I am two months into my traineeship and I cannot believe how quickly...
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Credo, Brodies’ regular Banking & Finance update, December 2017
Credo, Brodies’ regular Banking & Finance update, is now live and can be found here: Credo, December 2017 In our December 2017 issue we look at: market developments over the last quarter; the...
View ArticleScotland’s new financing institution is welcome news
National investment banks are well known around the world. They can work well. Though most are not “banks” and so not regulated as such. The most recent UK example was the Green Investment Bank (GIB),...
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Drafting for LIBOR no more – or not?
The announcement by Andrew Bailey (Chief Executive of the FCA) last year that the FCA would no longer compel or encourage panel banks to contribute quotations for the purposes of calculating LIBOR...
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Chargor has the burden of proving that price obtained in sale of secured...
In the English case of Close Brothers Limited v AIS (Marine) 2 Limited (in Liquidation), Close Brothers raised an action for recovery of the balance of debt due to it following realisation of the...
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Asset Based Lending for Financial Sponsors
Once seen as the ‘lender of last resort’, we increasingly see asset-based lenders concluding some of the largest and most high-profile deals in the Scottish market. Assets and Benefits Asset-based...
View ArticleIndependence debate round-up – “It’s the economy, stupid”
The hottest questions in the Scottish independence debate at the moment focus on the potential economic impact of a ‘yes’ vote on 18 September 2014. The latest Scottish Government paper, entitled...
View ArticleCMA launches in-depth banking market investigation
The Competition and Markets Authority has announced that it is launching an in-depth investigation into the market(s) for personal current accounts and small business banking. The full decision is...
View ArticlePeer-to-Peer Lending – A maturing marketplace?
Peer-to-peer lending is the latest big trend in the banking world. Just as crowdfunding has revolutionised the taking of equity in many start-ups, so its cousin “P2P” – also known as ‘marketplace...
View ArticleBrexit: what next? Brodies’ FAQs
Brodies has been considering and advising clients on the raft of legal, political and commercial issues relating to Brexit, particularly those specific to Scotland. With Scotland’s leading EU and...
View ArticleCrowdfunding: The post-implementation review of the FCA’s crowdfunding rules
Crowdfunding is a method through which people, organisations and businesses, including business start-ups, can raise money through online portals to finance or re-finance their activities. It provides...
View ArticleThe Syndicated Loan Market in 2020
The Loan Market Association (the LMA) recently published the results of their November 2019 survey on the outlook for the syndicated loan market for the upcoming year. Respondents to the survey were...
View ArticleScottish local authority financing: what are the options?
Power to borrow Local authorities in Scotland have the power to borrow money to carry out their functions. This power is given by section 69 of the Local Government (Scotland) Act 1973. It is a power...
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