Confusion around CLO Volcker compliance as accounting threat looms
Bank CLO investors are searching for standardised contractual language to make existing deals comply with the Volcker rule, as hopes for a regulatory or legislative fix to ease the regulation’s impact begin to fade. Investors may soon be forced to recognise accounting impairments on their holdings, but some managers are yet to grasp the urgency of the task at hand, an investor told GlobalCapital.
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