Slaughter and May advised the Financial Services Compensation Fund - £1,100,000,000 syndicated revolving facility agreement

Slaughter and May advised the Financial Services Compensation Scheme Limited in connection with its £1,100,000,000 syndicated revolving facility agreement arranged by Lloyds Bank plc and HSBC Bank plc, with Lloyds Bank plc acting as agent.

The revolving facility agreement has been put in place to allow the FSCS to fund compensation payments within an accelerated timeframe in the event of the failure of a financial services company.