Bank Industry Insights: New Year 2023 edition

As the banking industry evolves rapidly and our clients are navigating ever-changing market and regulatory developments, I've teamed up with our global network to outline our take on the most relevant updates to the bank industry.

This month, we hear about:

• From recovery to recession a review of ‘22 and look forward to ‘23;
• What’s next for New Law in 2023;
• How industry is adapting to the accelerating pace and scale of the global transition to cleaner energy;
• The latest in the corporate loan market and what's in store for 2023 in our Global Loan Market update series;
• Strabo, the world's first global portfolio management tool for consumers, and part of our Fintech Legal Labs Cohort;
• How synthetic US dollar LIBOR would interact with related US and English legislation and the likelihood of jurisdictional divergences; and
• A know-how video series featuring market leading product specialists, who will explore topical legal developments relevant to the REF market.

As always, please add any questions, suggestions or feedback in the comment box below.

From recovery to recession: 2022 in review and a look ahead to 2023 ( David Capps , Lynn Dunne , Tom Connor , Ruby Hamid , James Levy , Nathan Willmott , Adam Jamieson )

From the promise of pandemic recovery to recession, 2022 has been a turbulent and uncertain year. As the year now draws to a close, we look back at the trends we have seen in the contentious financial services space this year and explore what 2023 might have in store.

What's next for NewLaw in 2023? ( Christopher Georgiou , Hilary Goodier , Tara L. Waters , Nathan Bellgrove , Mike Polson )

2022 has been a year of great uncertainty for most, but what will the future hold? Our Ashurst Advance leadership team give us their predictions on what lies ahead for NewLaw and the legal industry in 2023 and beyond.

Powering Change: Funding Net Zero ( Michael Burns , Dan Brown )

The accelerating pace and scale of the global transition to cleaner energy has never been more evident. Our latest report, Powering Change: Funding Net Zero provides an insight into how the industry is adapting, looking at the technologies they are using, the places they are investing, and their sources of funding.

Ashurst Global Loans UK Market Update series ( Dave Rome )

In this series of 7 articles, hear from our resident corporate loan market expert Dave Rome on current trends and what's in store for 2023.

Spotlight on Fintech – Strabo ( Tara L. Waters , Anna-Marie Slot, JD )

Strabo is the world's first global portfolio management tool for consumers. Track & manage your bank accounts, investments, crypto, real estate, alternatives and more from around the world in one place, with real time live valuations. Automated tax filing and in-app FX coming soon!

Application of Synthetic US Dollar LIBOR under US and English Legislation ( Michael Logie , Lloyd Harmetz , Kirsty McAllister-Jones )

On 23 November 2022, the FCA launched a consultation on the wind-down of US dollar LIBOR, proposing to compel the publication of one-month, three-month and six-month US dollar LIBOR on a synthetic basis until the end of September 2024. In this briefing we consider how synthetic US dollar LIBOR would interact with related US and English legislation and discuss the likelihood of jurisdictional divergences.

For REFerence Video Series ( Natasha Anderson , Stuart Blacklock , Kate Davies , Sarah Winter , Shayaan Zaraq Bari , Maria do Mar Carmo Cordeiro , James McKelvie )

Welcome to?For REFerence, a know-how video series featuring market leading product specialists, who will explore topical legal developments relevant to the REF market. Share this page with your colleagues, and please do not hesitate to contact us if you have any questions.