Finance Law and Banking Law

In this In Practice article we consider what comes next, after the Supreme Court judgment on secret commission payments in motor vehicle finance transactions.

On 7 October 2025, the FCA published a consultation paper (the "Consultation") on an industry-wide scheme to compensate motor finance customers who were treated unfairly between 2007...

The 2025 Airline Economics Conference in Dublin highlighted several key trends and challenges currently shaping the aviation industry, with a particular focus on the leasing sector...

The decision indicates that the minority creditors intend to bring a claim against the security trustee and majority creditors, in which they will seek to unwind an out-of-court restructuring

The Bank of England (Bank) has published its long‑awaited policy statement on sterling-denominated stablecoins and a draft Code of Practice for sterling‑denominated systemic stablecoin issuers...

The European Union's Listing Act package has introduced its final wave of changes to the Prospectus Regulation, fundamentally reshaping how debt capital markets participants must structure and present offering documents. These reforms include mandatory sequencing requirements, consolidated disclosure annexes, and new ESG-specific disclosure obligations that will affect issuers, underwriters, and legal advisors across EU regulated markets.

Proskauer fund finance partner Mei Mei Wong and Pemberton's Cassandra Fahy explore the evolution of net asset value-based fund financing, examining how this increasingly sophisticated tool has transformed from a niche product into an established component of the private equity landscape. Their discussion reveals how NAV financing serves diverse purposes across fund lifecycles, from portfolio value creation to LP liquidity solutions, while addressing the critical considerations around valuation, leverage, an

Rated note feeder funds are transforming how institutional investors access private capital by converting equity exposures into rated debt instruments. Originally designed for US insurers seeking better capital treatment, these structures have gained significant momentum, with the market more than doubling in recent years. As interest grows in their application under Solvency II and UK frameworks, understanding the practical and structural considerations becomes essential for both fund managers and investor

The 10th Annual European Fund Finance Symposium brought together lenders and advisors to explore the evolving mid-market fund financing landscape, where creative problem-solving and flexible structures are reshaping how managers access capital. From GP facilities gaining traction amid slower exits to the practical challenges of restrictive fund documentation, the discussion revealed how significantly the market has transformed in just two years.

The Prudential Regulation Authority has unveiled proposals for a new UK captive insurance regime designed to boost competitiveness and provide businesses with greater flexibility in managing risk. The consultation paper outlines a bespoke framework with lower capital requirements, faster authorisation processes, and simplified governance structures compared to Solvency UK.

Market participants employ four main credit risk transfer structures—bank-issued CLNs, SPV-issued CLNs, credit default swaps, and participation interests—each carrying distinct risk, regulatory, and funding profiles that require careful evaluation. Asset managers must navigate critical considerations including due diligence protocols, credit event definitions, and recovery rights to optimize returns. Recent Basel 3 re-proposals in the U.S. and regulatory developments in the E.U. and U.K. are res

The Financial Conduct Authority has published comprehensive final rules establishing an end-to-end regulatory framework for cryptoasset firms in the UK, marking one of the largest extensions of the FCA's regulatory reach in recent memory. With authorisation requirements taking effect in October 2027 and a critical application window opening in September 2026, firms operating in the cryptoasset space face significant compliance obligations including financial resilience requirements, market integrity provisi