Simpson Thacher in the News
Go Back
Emma Rachmaninov Quoted in Reuters on New EU Cross-Border Lending Rules
Partner Emma Rachmaninov was quoted in Reuters on the impact of CRD VI on foreign banks lending into the EU. The article examines how non-EU banks are responding to the new framework, including through reverse solicitation exemptions, as well as the potential implications for European borrowers and the availability of offshore capital. Emma highlights that, due to the new regime, “some foreign lenders had already scaled back their EU ambitions” raising questions for European borrowers as to “whether restrictions on offshore capital are really in their interests”.
To read the full article, please click here.