First dual-compliant post-Brexit CLO closes

Tom Brown

January 14, 2021 05:15 PM

Brexit5_PA_230x150 — File photo dated 28/01/19 of an Union Jack and European Union flags flown outside the Houses of Parliament, as MPs are expected to take part in the second stage of the Brexit indicative vote process on Monday. | Kirsty O'Connor/PA Wire/PA Images

The first CLO to comply with both diverging regimes in the UK and the EU has closed, marking a post-Brexit point of no return for the securitization market.

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Tom Brown