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ARTICLE · 05 MAY 2015

Thompson, Leeds Ruby Write Chapter On ‘Global Trends In Leveraged Lending’

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Shearman & Sterling partners Joshua Thompson (New York-Finance) and Caroline Leeds Ruby (London-Finance) co-authored a chapter in The International Comparative Legal Guide to Lending & Secured Finance.

United StatesFinance and Banking
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Shearman & Sterling partners Joshua Thompson (New York-Finance) and Caroline Leeds Ruby (London-Finance) co-authored a chapter in The International Comparative Legal Guide to Lending & Secured Finance. The guide, published by Global Legal Group, is in its third edition and also includes a chapter on Italy prepared by Shearman & Sterling's Valerio Fontanesi and Vieri Parigi.

The chapter by Thompson and Leeds Ruby, titled "Global Trends in Leveraged Lending," examines the impact on leveraged lending of key global trends, including a rise in M&A activity and new money deals, a changing regulatory environment and broad macro-economic and political developments. According to the authors, "The end of quantitative easing in the US (and the start of QE in Europe), persistent speculation on rising US interest rates and renewed regulatory clampdown on federally regulated entities (e.g., banks) contributed to an environment of volatility. Despite the fluctuation of sentiment and

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