Banking and finance bulletin - Spring 2022

Banking and finance bulletin - Spring 2022

LIBOR transition November 2020 - LIBOR pains before SONIAs delivery

1 May marks the start of our new financial year, and with the new year comes new beginnings and fond farewells.

Many of you will already be aware that after 20 years with Stevens & Bolton, Jonathan Porteous has stepped down as partner and head of the Finance, Restructuring and Insolvency practice group. Jonathan will still be working within the firm on a consultancy basis but is stepping back from client-facing work. He will be sorely missed. However, when one door closes in life, another opens. We are delighted to announce that Matthew Padian has been promoted to partner alongside Andrew Dodds, David Steinberg and Tim Carter in the Finance, Restructuring and Insolvency practice group. Congratulations to Matthew and also to Helen Martin and Louise Corcoran in the restructuring and insolvency side of the group, who have each been promoted to senior associate.

Onwards to more practical matters – welcome to the first banking and finance bulletin of the new financial year. In this edition, we discuss the proposed reforms to Companies House, financing for gender equality, the latest government-backed loan scheme and we provide you with a double dose of fraudulent behaviour in the form of bounce back loans and authorised push payment fraud.


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