As both lenders and borrowers in the financial industry are well aware, the Financial Conduct Authority (FCA) of the United Kingdom publicly announced in 2017 that it would no longer compel financial institutions comprising...more
8/18/2020
/ Alternative Reference Rates Committee (ARRC) ,
Banks ,
Benchmarks ,
Borrowers ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Interest Rates ,
Lenders ,
Libor ,
Secured Overnight Funding Rate (SOFR) ,
Transitional Arrangements ,
UK
The following is not a white paper or an invitation to participate in a webinar. It is offered as a useful checklist for businesses to evaluate potential additional credit needs and to understand problems that could arise...more
4/2/2020
/ Borrowers ,
Business Continuity Plans ,
Business Interruption ,
Coronavirus/COVID-19 ,
Credit ,
Crisis Management ,
Emergency Management Plans ,
Financial Services Industry ,
Loan Documentation ,
Loans ,
SBA ,
SBA Lending Programs
On December 20, 2017 Congress passed the Tax Cuts and Jobs Act (TCJA). The legislation was signed by President Trump on December 22, 2017 and many key provisions of the law became effective on December 31, 2017....more