TITLE

LSTA Fights Another CLO Regulation Battle

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
April 2011
SOURCE
High Yield Report;4/11/2011, Vol. 22 Issue 15, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the reaction of the Loan Syndications and Trading Association about the proposed regulations of the U.S. Federal Deposit Insurance Corp. (FDIC) for collateralized loan obligations (CLOs). According to Meredith Coffey of LSTA, they are critical of the risk retention rules because they do not fit the CLO architecture. The association will meet with legislators to aid them in developing new rules for CLOs after meeting with some of them already and bodies such as the U.S. Securities and Exchange Commission and the Federal Reserve.
ACCESSION #
59975030

 

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