United Kingdom: Debt Capital Markets

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.

Private credit lenders face a new reality as U.S. distressed borrowers increasingly turn to English restructuring tools to reorganize New York law-governed debt outside of Chapter 11. Recent cases demonstrate how Schemes of Arrangement and Restructuring Plans can bind dissenting creditors, reduce minority creditor influence, and potentially circumvent the absolute priority rule. Understanding these cross-border mechanisms has become essential for lenders navigating modern restructuring dynamics.

In this two-part article series, we examine how Chief Financial Officers (CFOs) can adapt their financing structures to remain resilient and competitive in disruptive times.

On 12 February 2026, HM Treasury published a Consultation Paper on reforming the Appointed Representatives regime ("ARs" and the "AR Regime"). The Consultation Paper builds on the Policy Statement published by HM Treasury...

Bonds are often used by governments to fund infrastructure projects or war spending.

On 8 December 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/36) proposing significant changes to the UK's client categorisation rules in the FCA's...

As high-profile failures like Tricolor and First Brands trigger fresh scrutiny of private credit and the wider shadow banking system, Karl Clowry and Jan Gruter...

The Premier League is preparing for a major shake-up in its financial regulations. From the 2026/27 season, the long-standing Profitability and Sustainability Rules (PSR) will be replaced by two new frameworks...