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Banking and Capital Markets Companion, 5th edition

Banking and Capital Markets Companion, 5th edition

Author: Colin Paul; Gerald Montagu
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781847663085
Published In: March 2011
Format: Paperback , 500 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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"The virtue of the Companions is that they provide a clear path through what is so often a jungle" The Right Honourable, Lord Woolf (formerly Lord Chief Justice) on the Companions series

Banking and Capital Markets Companion, Fifth Edition provides a clear and concise examination of the law, practice and procedure of fund raising in banking and capital markets.

Using the unique ‘Montagu-Weston bullet-indent’ approach, the Companion allows you to approach and understand this subject at a depth of your choice. Graphics and flowcharts are also used throughout to aid further comprehension.

This title is based on industry standard materials from the Loan Market Association, the International Capital Markets Association, the International Swaps and Derivatives Association and the British Bankers Association. As such it provides you with a reliable, accurate and succinct view of banking and capital markets fundraising - all in one volume.

This fifth edition has been comprehensively revised and updated to take account of new legislation, regulation, case law and developments in market practice including:

Companies Act 2006
EU Capital Requirement Directives 2009 and 2010
Basel III
Corporation Tax Acts 2009 and 2010
Finance Acts up to and including Finance (No.3) Act 2010
Bank Levy (draft Finance Bill 2011)
IFRS 9 as mapped out by the IASB
Recent case law covering among other topics: Oral contracts; Interpretation; Guarantees; The ISDA master agreement; Syndicated loan arranger liability.

To reflect these substantial changes this edition has been rearranged with the first three chapters providing an introduction to four main topics - loans, debt securities, collateral and guarantees and derivatives. The final three chapters cover opinions, sovereign borrowing and the principal aspects of taxation relevant to fund raising.

Banking and Capital Markets Companion is a much-needed guide for postgraduates studying for their MA, LLM or LPC. It is also an excellent single-volume reference guide for all banking executives, practitioners and newly qualified lawyers seeking a quick answer, or a starting point for in-depth research, on a particular aspect of the subject.

1 Debt Finance: Introduction, Debt finance, Funding requirements
2 Basics: Relationships, Documentary principles, Contractual principles, Governing law, Interpretation, Misrepresentation, Set-off and netting, Credit ratings
3 Banking: Banking business, Business regulation, Funding, Accounts
4 Loans: Preliminary aspects, Loan agreement, Short-term facilities, Trading in loan assets
5 Debt Securities: Nature of debt securities, Bond issue process, Bond documentation, Other debt instrument, Convertibles and warrants
6 Collateral and Guarantees: Collateral, Guarantees
7 Derivatives: Products, Nature, Documentation
8 Opinions: Opinions
9 Sovereign Debt: Introduction, Documentary issues, Rescheduling, Recognition and succession
10 Taxation: UK tax net, Corporation tax (CT), Debt, Stamp duty, Stamp duty reserve tax (SDRT), Bank levy (outline)
11 Further Reading and Index: Further reading, Index

Colin Paul qualified as a solicitor. He is a visiting lecturer at SOAS, London University on the LLM and at the Bristol Institute of Legal Practice, UWE, on the LPC and a consultation board member of PLC Finance. Previous to this he practised with a leading City firm in the 1970s, was an in-house counsel with leading investment banks in the 1980s and a banking partner in a City firm at the beginning of the 1990s, before setting up his own consultancy practice.

Gerald Montagu, solicitor, specialises in tax law; he publishes widely and is General Editor of Norfolk and Montagu on the Taxation of Interest and Debt Finance (also published by Bloomsbury Professional)