Publication
International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Bank of England in process of developing pension schemes lending tool
United Kingdom | Publication | October 2023
The Bank of England has begun the design process in a “journey of 1000 miles” in developing a new lending tool for non-bank financial institutions including pension schemes. This is part of a plan announced in a recent speech to tackle systemic risks, such as those seen in September 2022 in schemes using LDI funds. Although resilience has improved over recent months in schemes using LDI, the Bank’s view is that “safeguarding financial stability requires an effective public backstop”. It intends to work with schemes and the Regulator in development of the new lending tool, although the project is seen as long-term.
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Recent publications
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UK MAR: Navigating disclosure obligations in uncertain markets
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Publication
Secondary capital raising regime
In July 2022 the UK Secondary Capital Raising Review published its report (Report) setting out a series of bold and wide-ranging recommendations for improving the secondary capital raising regime in the UK designed to make it quicker, more flexible, more inclusive of retail investors and more cost-effective, as well as moving towards digitisation and making better use of technology.
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