US CLO industry wins risk retention exemption

In a big vote of confidence in the CLO product, the District of Columbia Court of Appeals ruled on Friday that CLO managers should be exempt from risk retention requirements, vindicating the arguments put forward by the Loan Syndications and Trading Association against federal regulatory agencies.

  • By David Bell
  • 09 Feb 2018

The court ruling marks a win for the LSTA, which filed a lawsuit against the SEC and Federal Reserve Board in October 2014 to exempt CLO managers from the section of the of Dodd-Frank reforms that requires securitization issuers to retain 5% of every deal.

Friday’s ruling reverses ...

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3 BNP Paribas 5,093 18 8.66
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