Investment Banking

No-deal Brexit could choke €40bn lending market, bank lobby warns

Banks lending across the Channel could find business delayed or disrupted, with one senior banker warning ‘it could get bloody’

Cloudy outlook: UK lenders provided 40bn of syndicated loan financing to EU borrowers in 2018, which could be at risk
Cloudy outlook: UK lenders provided 40bn of syndicated loan financing to EU borrowers in 2018, which could be at risk Photo: Getty Images

Billions of euros worth of loans issued by UK banks to European companies are at risk from a disorderly Brexit, an influential trade body for the €40bn market has warned.

The London-based Loan Market Association published a paper entitled Turning Off the Liquidity Tap: the consequences of a no deal Brexit on the European loan market on December 3.

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