Skip to Main content

Search results for ''...


Sorry, there were no results

Newsletter sign up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Get in touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

Newsletter sign up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Get in touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

  • Overview

    Published December 2021

    With 2021 drawing to a close, attention naturally turns to the year ahead. Whilst we are still in the midst of a global pandemic, the banking and finance industry continues to forge ahead at pace. As we move into 2022, there are three areas I would urge borrowers and lenders alike to keep front of mind.

    1. ESG, with a particular focus on sustainability


    ESG has been high on the agenda for a while, but its importance has been turbo charged by the recent COP26 summit. This is a particularly fast moving area and it is likely that a renewed focus on pushing forward with ESG programmes will quickly filter down to the mid-market and SME space.

    The prevalence of Sustainability Linked Loans (SLLs) is likely to keep increasing and it is expected that there will be a wider range of ESG and particularly sustainability linked loan products introduced next year, which will see lenders demanding more commitment to ESG issues and borrowers incentivised in a range of ways.

    1. Digitalisation of banking and finance


    There has been phenomenal growth in the digitalisation of banking, both in terms of finance systems and new products, including the emerging digital assets market. This is only set to continue.

    While the digitalisation of commercial lending processes has huge potential to make things more streamlined and faster, as with all change, there is a risk that if not implemented and communicated correctly, new systems and ways of doing things can instead complicate and confuse matters.

    1. Post-Covid-support clean up


    Although the pandemic is far from over, the initial support offered by the government such as Coronavirus Business Interruption Loans (CBILs), has come to an end, and this will present both challenges and opportunities in the coming year.

    A recent survey by accountants Kreston Reeves found that a fifth (20%) of businesses do not believe they will be able to repay COVID borrowing, which is troubling. However, one clear trend that emerged over the course of the pandemic is the increasing resilience and availability of alternative lenders and challenger banks. These types of lenders may well become increasingly attractive to businesses looking to refinance or secure funding for growth.

  • Related Services

    Corporate

    Our award winning team of corporate lawyers provide highly practical advice to help businesses of all sizes develop and grow.    

    Banking & Finance

    Our banking and finance lawyers can assist in your business securing funding for expansion or development.

Newsletter sign up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Get in touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

^
Jargon Buster