The Loan Market Association (LMA) was formed in December 1996 and is based in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, UK. Its initial aim was to assist in the development of the secondary loan market in Europe. Its intention was to develop industry

best practice A best practice is a method or technique that has been generally accepted as superior to other known alternatives because it often produces results that are superior to those achieved by other means or because it has become a standard way of doing ...

and standard documentation. The LMA is active in the

primary market :''"Primary market" may also refer to a market in art valuation.'' The primary market is the part of the capital market that deals with the issuance and sale of securities to purchasers directly by the issuer, with the issuer being paid the procee ...

as well as the secondary market.

Role

The LMA engages with its members, market participants and various stakeholders to tackle industry-wide issues and concerns and works with tax authorities,

government bodies A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administratio ...

and a variety of national, European and US regulators.

Membership

The LMA has over 770 members from 67 different

jurisdictions Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels. Jur ...

. Members pay a subscription fee to the LMA in exchange for predefined membership benefits.

Education and events

The LMA holds

conferences A conference is a meeting of two or more experts to discuss and exchange opinions or new information about a particular topic. Conferences can be used as a form of group decision-making, although discussion, not always decisions, are the main pu ...

across EMEA, including annual conferences and seminars. The LMA offers its members the opportunity to enrol onto an

e-learning Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and Education sciences, educational theory and practice to facilitate learning. When referred to with its abbreviation, edt ...

course in the syndicated loan market and to drive efficiencies in the future. Since August 2015, the LMA has been publishing webinars on key topics. The LMA also publishes video interviews with key figures within the industry.

References

{{Reflist Finance industry associations 1996 establishments in the United Kingdom Business organisations based in London Financial services in the United Kingdom