CLO industry laments ‘worse than we thought’ impact of Fed’s Volcker extension

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CLO industry laments ‘worse than we thought’ impact of Fed’s Volcker extension

CLO industry participants are losing hope for a regulatory or legislative fix to ease the Volcker Rule’s impact on banks investors, especially after the Federal Reserve confirmed that its two year extension for banks to make their deals compliant would not apply if those securities change hands.

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